Invst LLC Has $788,000 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 lessened its stake in 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 SEC. The firm owned 8,169 shares of the company's stock after selling 3,396 shares during the period. Invst LLC's holdings in DT Midstream were worth $788,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. CWM LLC lifted its stake in shares of DT Midstream by 18.9% in the first quarter. CWM LLC now owns 4,201 shares of the company's stock valued at $405,000 after buying an additional 669 shares during the period. OneDigital Investment Advisors LLC bought a new stake in shares of DT Midstream in the first quarter valued at about $274,000. Bessemer Group Inc. lifted its stake in shares of DT Midstream by 44.0% in the first quarter. Bessemer Group Inc. now owns 442 shares of the company's stock valued at $43,000 after buying an additional 135 shares during the period. True Link Financial Advisors LLC bought a new stake in shares of DT Midstream in the first quarter valued at about $238,000. Finally, Catalyst Capital Advisors LLC lifted its stake in shares of DT Midstream by 10.1% in the first quarter. Catalyst Capital Advisors LLC now owns 144,025 shares of the company's stock valued at $13,896,000 after buying an additional 13,243 shares during the period. Institutional investors own 81.53% of the company's stock.

DT Midstream Price Performance

Shares of NYSE DTM traded up $0.92 during mid-day trading on Thursday, hitting $108.34. 304,410 shares of the stock were exchanged, compared to its average volume of 964,121. The company has a market cap of $11.01 billion, a P/E ratio of 29.05, a PEG ratio of 2.29 and a beta of 0.77. The stock's fifty day simple moving average is $103.43 and its two-hundred day simple moving average is $101.16. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.88 and a current ratio of 0.88. DT Midstream, Inc. has a twelve month low of $76.13 and a twelve month high of $114.50.

DT Midstream (NYSE:DTM - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.06. The company had revenue of $299.00 million during the quarter, compared to analyst estimates of $295.70 million. DT Midstream had a net margin of 33.90% and a return on equity of 8.48%. During the same quarter last 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, analysts forecast that DT Midstream, Inc. will post 3.8 EPS for the current fiscal year.

DT Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be issued a $0.82 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.0%. DT Midstream's dividend payout ratio (DPR) is currently 87.94%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Mizuho increased their price target on shares of DT Midstream from $105.00 to $108.00 and gave the stock a "neutral" rating in a research report on Friday, August 29th. Stifel Nicolaus increased their price target on shares of DT Midstream from $102.00 to $108.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Wells Fargo & Company increased their price target on shares of DT Midstream from $108.00 to $117.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Finally, Morgan Stanley increased their price target on shares of DT Midstream from $113.00 to $118.00 and gave the stock an "underweight" rating in a research report on Wednesday, August 6th. Six equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, DT Midstream has an average rating of "Hold" and a consensus target price of $110.67.

Insider Buying and Selling at DT Midstream

In related news, VP Melissa Cox sold 4,755 shares of the firm's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $104.47, for a total value of $496,754.85. Following the completion of the sale, the vice president owned 5,171 shares of the company's stock, valued at $540,214.37. This trade represents a 47.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.34% of the stock is currently owned by corporate insiders.

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.