Jump Financial LLC Acquires New Stake in DT Midstream, Inc. $DTM

Key Points

• Jump Financial LLC acquired a new stake in DT Midstream, Inc. worth approximately $661,000, marking a significant institutional investment in the company.
• DT Midstream has seen multiple institutional investors increasing their holdings, with 81.53% of the stock currently owned by such entities.
• The company recently declared a quarterly dividend of $0.82 per share, resulting in an annualized dividend yield of 3.1%.

Jump Financial LLC acquired a new stake in DT Midstream, Inc. (NYSE:DTM - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,855 shares of the company's stock, valued at approximately $661,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC increased its holdings in 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 purchasing an additional 669 shares during the period. OneDigital Investment Advisors LLC acquired a new stake in DT Midstream during the 1st quarter worth about $274,000. Bessemer Group Inc. grew its holdings in DT Midstream by 44.0% during the 1st quarter. Bessemer Group Inc. now owns 442 shares of the company's stock worth $43,000 after acquiring an additional 135 shares during the period. True Link Financial Advisors LLC acquired a new stake in DT Midstream during the 1st quarter worth about $238,000. Finally, Catalyst Capital Advisors LLC grew its holdings in DT Midstream by 10.1% during the 1st quarter. Catalyst Capital Advisors LLC now owns 144,025 shares of the company's stock worth $13,896,000 after acquiring an additional 13,243 shares during the period. 81.53% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP Melissa Cox sold 4,755 shares of the firm's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $104.47, for a total value of $496,754.85. Following the transaction, the vice president owned 5,171 shares of the company's stock, valued at approximately $540,214.37. This trade represents a 47.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.34% of the company's stock.

Analysts Set New Price Targets

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

DT Midstream Price Performance

DTM stock opened at $104.26 on Monday. The stock has a market capitalization of $10.59 billion, a PE ratio of 27.95, a price-to-earnings-growth ratio of 1.89 and a beta of 0.77. The company's 50-day moving average is $103.62 and its 200-day moving average is $100.52. 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, Inc. has a 1 year low of $73.52 and a 1 year high of $114.50.

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

DT Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be given a $0.82 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $3.28 annualized dividend and a yield of 3.1%. DT Midstream's dividend payout ratio (DPR) is presently 87.94%.

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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