25,403 Shares in DT Midstream, Inc. $DTM Purchased by Quantbot Technologies LP

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 shares of DT Midstream, Inc. (NYSE:DTM - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 25,403 shares of the company's stock, valued at approximately $2,451,000.

A number of other hedge funds have also bought and sold shares of DTM. Mowery & Schoenfeld Wealth Management LLC bought a new position in DT Midstream during the first quarter valued at $25,000. Alpine Bank Wealth Management bought a new position in DT Midstream during the first quarter valued at $26,000. Bessemer Group Inc. increased its position in DT Midstream by 44.0% during the first quarter. Bessemer Group Inc. now owns 442 shares of the company's stock valued at $43,000 after acquiring an additional 135 shares during the last quarter. Versant Capital Management Inc increased its position in DT Midstream by 130.2% during the first quarter. Versant Capital Management Inc now owns 488 shares of the company's stock valued at $47,000 after acquiring an additional 276 shares during the last quarter. Finally, UMB Bank n.a. increased its position in DT Midstream by 50.3% during the first quarter. UMB Bank n.a. now owns 723 shares of the company's stock valued at $70,000 after acquiring an additional 242 shares during the last quarter. Institutional investors own 81.53% of the company's stock.

Insiders Place Their Bets

In related news, VP Melissa Cox sold 4,755 shares of the company'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 completion of the sale, the vice president directly owned 5,171 shares of the company's stock, valued at $540,214.37. This represents a 47.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.34% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

DT Midstream Trading Down 0.0%

Shares of NYSE DTM traded down $0.04 during mid-day trading on Tuesday, reaching $100.79. The company had a trading volume of 237,115 shares, compared to its average volume of 986,668. The business's 50-day moving average is $103.80 and its 200-day moving average is $100.44. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.69. The stock has a market cap of $10.24 billion, a price-to-earnings ratio of 27.05, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. DT Midstream, Inc. has a 52 week low of $73.52 and a 52 week 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 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 during the quarter, compared to analyst estimates of $295.70 million. During the same period in the prior year, the firm earned $0.98 earnings per share. DT Midstream has set its FY 2025 guidance at 4.050-4.450 EPS. Equities analysts expect that DT Midstream, Inc. will post 3.8 earnings per share for the current year.

DT Midstream Dividend Announcement

The firm 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 $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 yield of 3.3%. DT Midstream's dividend payout ratio is 87.94%.

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.