Intech Investment Management LLC Increases Stock Position in DT Midstream, Inc. $DTM

Key Points

• Intech Investment Management LLC significantly increased its stake in DT Midstream, acquiring an additional 62,058 shares, marking a total ownership of approximately 0.07% valued at $6.96 million.
• DT Midstream, Inc. recently reported earnings of $1.04 per share for the last quarter, exceeding analyst estimates and setting FY 2025 EPS guidance between $4.050 and $4.450.
• The company declared a $0.82 per share quarterly dividend, with a yield of 3.1%, and a payout ratio of 87.94%, indicating strong shareholder return policy.

Intech Investment Management LLC raised its stake in DT Midstream, Inc. (NYSE:DTM - Free Report) by 617.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 72,102 shares of the company's stock after purchasing an additional 62,058 shares during the period. Intech Investment Management LLC owned 0.07% of DT Midstream worth $6,956,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Ballentine Partners LLC lifted its position in DT Midstream by 4.8% during the first quarter. Ballentine Partners LLC now owns 2,498 shares of the company's stock worth $241,000 after purchasing an additional 114 shares during the period. Independent Advisor Alliance lifted its position in DT Midstream by 2.5% during the first quarter. Independent Advisor Alliance now owns 4,713 shares of the company's stock worth $455,000 after purchasing an additional 117 shares during the period. Bessemer Group Inc. lifted its position in DT Midstream by 44.0% during the first quarter. Bessemer Group Inc. now owns 442 shares of the company's stock worth $43,000 after purchasing an additional 135 shares during the period. Applied Finance Capital Management LLC lifted its position in DT Midstream by 6.5% during the first quarter. Applied Finance Capital Management LLC now owns 2,410 shares of the company's stock worth $233,000 after purchasing an additional 147 shares during the period. Finally, Secure Asset Management LLC lifted its holdings in shares of DT Midstream by 6.8% in the first quarter. Secure Asset Management LLC now owns 2,470 shares of the company's stock worth $238,000 after acquiring an additional 157 shares during the last quarter. Institutional investors own 81.53% of the company's stock.

Insider Buying and Selling at DT Midstream

In other news, VP Melissa Cox sold 4,755 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $104.47, for a total transaction of $496,754.85. Following the completion of the sale, the vice president owned 5,171 shares of the company's stock, valued at approximately $540,214.37. This represents a 47.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on DTM shares. Stifel Nicolaus increased their target price on shares of DT Midstream from $102.00 to $108.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Wells Fargo & Company raised their price objective on shares of DT Midstream from $108.00 to $117.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Morgan Stanley raised their price objective on shares of DT Midstream from $113.00 to $118.00 and gave the company an "underweight" rating in a report on Wednesday, August 6th. Barclays raised their price objective on shares of DT Midstream from $102.00 to $103.00 and gave the company an "equal weight" rating in a report on Tuesday, May 20th. Finally, Mizuho raised their price objective on shares of DT Midstream from $105.00 to $108.00 and gave the company a "neutral" rating in a report on Friday, August 29th. Six research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $110.67.

DT Midstream Stock Performance

DT Midstream stock traded up $0.93 during midday trading on Wednesday, reaching $105.63. The stock had a trading volume of 126,742 shares, compared to its average volume of 964,143. The firm's 50-day moving average price is $103.32 and its 200 day moving average price is $101.12. DT Midstream, Inc. has a 12 month low of $76.13 and a 12 month high of $114.50. The firm has a market capitalization of $10.73 billion, a PE ratio of 28.32, a P/E/G ratio of 2.32 and a beta of 0.77. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.69.

DT Midstream (NYSE:DTM - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.06. DT Midstream had a return on equity of 8.48% and a net margin of 33.90%.The firm had revenue of $299.00 million for the quarter, compared to analysts' expectations of $295.70 million. During the same period in the prior year, the business posted $0.98 earnings per share. DT Midstream has set its FY 2025 guidance at 4.050-4.450 EPS. As a group, research analysts predict that DT Midstream, Inc. will post 3.8 earnings per share for the current fiscal year.

DT Midstream Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, September 15th. DT Midstream's dividend payout ratio is 87.94%.

DT Midstream Profile

DT Midstream, Inc, together with its subsidiaries, provides integrated natural gas services in the United States. The company operates through two segments, Pipeline and Gathering. The Pipeline segment owns and operates interstate and intrastate natural gas pipelines, storage systems, and natural gas gathering lateral pipelines.