Oliver Lagore Vanvalin Investment Group Takes $394,000 Position in DT Midstream, Inc. $DTM

Key Points

• Oliver Lagore Vanvalin Investment Group acquired a new stake in DT Midstream, Inc. by purchasing 3,588 shares valued at approximately $394,000.
• DT Midstream reported earnings of $1.04 per share, exceeding analysts' expectations of $0.98, along with a revenue of $299 million for the last quarter.
• The company announced a quarterly dividend of $0.82 per share, with a payout ratio of 87.94%, set to be paid on October 15th.

Oliver Lagore Vanvalin Investment Group bought a new position in DT Midstream, Inc. (NYSE:DTM - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 3,588 shares of the company's stock, valued at approximately $394,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of DT Midstream in the 1st quarter valued at about $25,000. Alpine Bank Wealth Management purchased a new position in shares of DT Midstream in the 1st quarter valued at about $26,000. Twin Tree Management LP purchased a new position in shares of DT Midstream in the 1st quarter valued at about $29,000. Geneos Wealth Management Inc. grew its stake in shares of DT Midstream by 39.3% during the first quarter. Geneos Wealth Management Inc. now owns 436 shares of the company's stock worth $42,000 after purchasing an additional 123 shares in the last quarter. Finally, Bessemer Group Inc. grew its stake in shares of 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 in the last quarter. Institutional investors and hedge funds own 81.53% of the company's stock.

DT Midstream Price Performance

Shares of DTM stock traded up $2.90 during trading hours on Tuesday, hitting $110.72. The company's stock had a trading volume of 228,602 shares, compared to its average volume of 971,560. The business has a fifty day moving average of $103.66 and a 200-day moving average of $101.62. The stock has a market cap of $11.25 billion, a price-to-earnings ratio of 29.69, a P/E/G ratio of 2.35 and a beta of 0.77. DT Midstream, Inc. has a twelve month low of $76.91 and a twelve month high of $114.50. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.69.

DT Midstream (NYSE:DTM - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.98 by $0.06. The business had revenue of $299.00 million for 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 period in the prior year, the business earned $0.98 earnings per share. DT Midstream has set its FY 2025 guidance at 4.050-4.450 EPS. As a group, equities research analysts anticipate that DT Midstream, Inc. will post 3.8 EPS for the current year.

DT Midstream Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be paid a dividend of $0.82 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $3.28 annualized dividend and a dividend yield of 3.0%. DT Midstream's dividend payout ratio is presently 87.94%.

Analyst Ratings Changes

DTM has been the subject of a number of analyst reports. Morgan Stanley boosted their target price on shares of DT Midstream from $113.00 to $118.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 6th. Stifel Nicolaus upped their target price on shares of DT Midstream from $102.00 to $108.00 and gave the company a "buy" rating in a report on Friday, August 1st. Wells Fargo & Company upped their target price 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. Finally, 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 report on Friday, August 29th. Six research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $110.67.

Insider Activity

In related news, VP Melissa Cox sold 4,755 shares of the company'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 transaction 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 represents a 47.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.34% of the company's stock.

About DT Midstream

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.