Landscape Capital Management L.L.C. Buys 2,842 Shares of DT Midstream, Inc. $DTM

Key Points

• Landscape Capital Management L.L.C. increased its holdings in DT Midstream, acquiring an additional 2,842 shares, raising its total ownership to 10,328 shares worth approximately $996,000.
• Multiple institutional investors have also expanded their positions, indicating a strong interest in DT Midstream, with institutional ownership now at 81.53%.
• DT Midstream recently reported quarterly earnings that exceeded estimates, with an EPS of $1.04, and announced a quarterly dividend of $0.82, representing an annual yield of 3.1%.

Landscape Capital Management L.L.C. boosted its position in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) by 38.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,328 shares of the company's stock after buying an additional 2,842 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in DT Midstream were worth $996,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Ballentine Partners LLC grew its holdings in DT Midstream by 4.8% in the 1st quarter. Ballentine Partners LLC now owns 2,498 shares of the company's stock worth $241,000 after acquiring an additional 114 shares during the last quarter. Independent Advisor Alliance boosted its holdings in shares of 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. grew 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 worth $43,000 after purchasing an additional 135 shares during the last quarter. Applied Finance Capital Management LLC grew its stake in shares of DT Midstream by 6.5% in 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 last quarter. Finally, Secure Asset Management LLC increased its holdings in DT Midstream by 6.8% during the 1st quarter. Secure Asset Management LLC now owns 2,470 shares of the company's stock valued at $238,000 after purchasing an additional 157 shares during the period. Hedge funds and other institutional investors own 81.53% of the company's stock.

DT Midstream Stock Up 1.0%

DT Midstream stock traded up $1.02 during mid-day trading on Wednesday, reaching $104.66. The stock had a trading volume of 454,722 shares, compared to its average volume of 985,316. DT Midstream, Inc. has a one year low of $73.52 and a one year high of $114.50. The company has a 50-day moving average price of $103.50 and a two-hundred day moving average price of $100.57. The company has a market capitalization of $10.63 billion, a price-to-earnings ratio of 28.06, a PEG ratio of 1.89 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 issued its earnings results on Thursday, July 31st. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.06. The business had revenue of $299.00 million during the quarter, compared to analysts' expectations of $295.70 million. DT Midstream had a net margin of 33.90% and a return on equity of 8.48%. During the same period in the previous year, the company earned $0.98 earnings per share. DT Midstream has set its FY 2025 guidance at 4.050-4.450 EPS. On average, analysts expect that DT Midstream, Inc. will post 3.8 EPS for the current fiscal year.

DT Midstream Announces Dividend

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

Insider Activity at DT Midstream

In other DT Midstream news, VP Melissa Cox sold 4,755 shares of DT Midstream 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 completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.34% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on DTM. Mizuho increased their price objective on DT Midstream from $105.00 to $108.00 and gave the stock a "neutral" rating in a report on Friday, August 29th. Barclays upped their target price on DT Midstream from $102.00 to $103.00 and gave the company an "equal weight" rating in a report on Tuesday, May 20th. Morgan Stanley lifted their price target 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. Wells Fargo & Company upped their price objective on shares of DT Midstream from $108.00 to $117.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Finally, Stifel Nicolaus raised their target price 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. Six equities research 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 MarketBeat, the stock has an average rating of "Hold" and a consensus 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.