Quantbot Technologies LP Acquires Shares of 25,403 DT Midstream, Inc. $DTM

Key Points

• Quantbot Technologies LP established a new position in DT Midstream, Inc. by purchasing 25,403 shares valued at approximately $2.45 million in the first quarter.
• DT Midstream recently announced a quarterly dividend of $0.82, representing an annualized dividend of $3.28 and a yield of 3.2%, with a payout ratio of 87.94%.
• The company reported earnings of $1.04 per share for the last quarter, surpassing the consensus estimate of $0.98, with a revenue of $299 million against an estimate of $295.7 million.

Quantbot Technologies LP acquired a new stake in DT Midstream, Inc. (NYSE:DTM - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The fund acquired 25,403 shares of the company's stock, valued at approximately $2,451,000.

Several other institutional investors have also added to or reduced their stakes in DTM. CWM LLC lifted its stake in shares of DT Midstream by 18.9% during the 1st quarter. CWM LLC now owns 4,201 shares of the company's stock valued at $405,000 after buying an additional 669 shares in the last quarter. OneDigital Investment Advisors LLC bought a new stake in DT Midstream during the 1st quarter valued at $274,000. Bessemer Group Inc. lifted its position 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 acquiring an additional 135 shares in the last quarter. True Link Financial Advisors LLC bought a new position in shares of DT Midstream in the first quarter worth $238,000. Finally, Catalyst Capital Advisors LLC grew its position 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 purchasing an additional 13,243 shares in the last quarter. 81.53% of the stock is owned by hedge funds and other institutional investors.

DT Midstream Price Performance

NYSE:DTM traded down $1.72 during mid-day trading on Friday, reaching $101.52. The stock had a trading volume of 520,918 shares, compared to its average volume of 715,524. The stock has a market capitalization of $10.31 billion, a P/E ratio of 27.22, a P/E/G ratio of 1.84 and a beta of 0.77. The firm has a 50 day moving average price of $103.88 and a two-hundred day moving average price of $100.45. 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 one year low of $73.52 and a one year high of $114.50.

DT Midstream (NYSE:DTM - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $1.04 earnings per share 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 firm had revenue of $299.00 million during the quarter, compared to analyst estimates of $295.70 million. During the same period in the previous year, the business posted $0.98 EPS. DT Midstream has set its FY 2025 guidance at 4.050-4.450 EPS. As a group, analysts expect that DT Midstream, Inc. will post 3.8 earnings per share for the current 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 paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Monday, September 15th. DT Midstream's dividend payout ratio (DPR) is 87.94%.

Insider Activity at DT Midstream

In other news, VP Melissa Cox sold 4,755 shares of DT Midstream stock in a transaction dated Monday, August 11th. The stock was 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 in the company, valued at approximately $540,214.37. The trade was a 47.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.34% of the company's stock.

Analyst Upgrades and Downgrades

DTM has been the topic of several analyst reports. Morgan Stanley upped their price target on DT Midstream from $113.00 to $118.00 and gave the company an "underweight" rating in a research report on Wednesday, August 6th. Stifel Nicolaus lifted 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. Wells Fargo & Company upped their target price on DT Midstream from $108.00 to $117.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. US Capital Advisors cut DT Midstream from a "moderate buy" rating to a "hold" rating in a report on Monday, April 28th. Finally, Barclays boosted their price objective on DT Midstream from $102.00 to $103.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 20th. Six research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $110.91.

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.