Invst LLC Decreases Position in DT Midstream, Inc. $DTM

Key Points

• Invst LLC decreased its stake in DT Midstream, Inc. by 29.4% during the first quarter, leaving them with 8,169 shares valued at approximately $788,000.
• DT Midstream recently reported earnings of $1.04 per share, surpassing expectations, and set its FY 2025 guidance at 4.050-4.450 EPS.
• The company announced a quarterly dividend of $0.82, with an annualized yield of 3.1%, scheduled for payment on October 15th.

Invst LLC decreased its holdings in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) by 29.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,169 shares of the company's stock after selling 3,396 shares during the quarter. Invst LLC's holdings in DT Midstream were worth $788,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in DTM. BNP Paribas Financial Markets purchased a new stake in DT Midstream during the fourth quarter worth approximately $1,982,000. Jefferies Financial Group Inc. purchased a new stake in DT Midstream during the fourth quarter worth approximately $242,000. Lazard Asset Management LLC lifted its stake in DT Midstream by 27.7% during the fourth quarter. Lazard Asset Management LLC now owns 1,535 shares of the company's stock worth $152,000 after purchasing an additional 333 shares during the last quarter. Nuveen Asset Management LLC lifted its stake in DT Midstream by 27.6% during the fourth quarter. Nuveen Asset Management LLC now owns 223,301 shares of the company's stock worth $22,203,000 after purchasing an additional 48,264 shares during the last quarter. Finally, Nomura Holdings Inc. purchased a new stake in DT Midstream during the fourth quarter worth approximately $1,282,000. Hedge funds and other institutional investors own 81.53% of the company's stock.

DT Midstream Trading Down 0.1%

Shares of DTM stock opened at $107.27 on Friday. The business's fifty day moving average price is $103.25 and its 200 day moving average price is $100.92. DT Midstream, Inc. has a 1-year low of $75.56 and a 1-year high of $114.50. The firm has a market capitalization of $10.90 billion, a PE ratio of 28.76, a P/E/G ratio of 2.35 and a beta of 0.77. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.88 and a quick ratio of 0.88.

DT Midstream (NYSE:DTM - Get Free Report) last posted its 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. The company had revenue of $299.00 million for the quarter, compared to analyst estimates of $295.70 million. DT Midstream had a return on equity of 8.48% and a net margin of 33.90%.During the same quarter in the prior year, the company earned $0.98 earnings per share. DT Midstream has set its FY 2025 guidance at 4.050-4.450 EPS. As a group, sell-side analysts forecast that DT Midstream, Inc. will post 3.8 EPS 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 given a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Monday, September 15th. DT Midstream's dividend payout ratio is currently 87.94%.

Insider Activity

In other news, VP Melissa Cox sold 4,755 shares of the company's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $104.47, for a total value of $496,754.85. Following the sale, the vice president directly owned 5,171 shares in the company, valued at $540,214.37. This represents a 47.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.34% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

DT Midstream Company 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.

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