Scientech Research LLC Makes New $1.46 Million Investment in DT Midstream, Inc. $DTM

Key Points

• Scientech Research LLC acquired a stake in DT Midstream, Inc. worth approximately $1.46 million with 15,081 shares purchased in the first quarter.
• The company reported a quarterly EPS of $1.04, exceeding analyst expectations of $0.98, and had revenues of $299 million during the same period.
• DT Midstream declared a quarterly dividend of $0.82 per share, with a payout date set for October 15th, indicating an annualized dividend yield of 3.1%.

Scientech Research LLC purchased a new position in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 15,081 shares of the company's stock, valued at approximately $1,455,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in DT Midstream in the 1st quarter valued at about $25,000. Alpine Bank Wealth Management acquired a new stake in shares of DT Midstream in the first quarter worth approximately $26,000. Twin Tree Management LP purchased a new stake in DT Midstream in the first quarter valued at approximately $29,000. 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 worth $43,000 after purchasing an additional 135 shares during the last quarter. Finally, 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 worth $47,000 after purchasing an additional 276 shares during the last quarter. 81.53% of the stock is currently owned by hedge funds and other institutional investors.

DT Midstream Stock Performance

DTM stock traded down $0.17 during midday trading on Friday, reaching $107.17. The company had a trading volume of 158,420 shares, compared to its average volume of 970,772. The firm has a market capitalization of $10.89 billion, a PE ratio of 28.72, a P/E/G ratio of 2.34 and a beta of 0.77. The stock has a 50 day moving average price of $103.23 and a 200 day moving average price of $100.84. DT Midstream, Inc. has a fifty-two week low of $75.56 and a fifty-two week high of $114.50. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.69.

DT Midstream (NYSE:DTM - Get Free Report) last announced its quarterly earnings results 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 return on equity of 8.48% and a net margin of 33.90%.The business had revenue of $299.00 million for the quarter, compared to analysts' expectations of $295.70 million. During the same period in the prior year, the firm earned $0.98 EPS. DT Midstream has set its FY 2025 guidance at 4.050-4.450 EPS. Analysts anticipate that DT Midstream, Inc. will post 3.8 earnings per share for the current year.

DT Midstream Announces Dividend

The company 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 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Monday, September 15th. DT Midstream's payout ratio is presently 87.94%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on DTM shares. Stifel Nicolaus lifted their price target 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. Morgan Stanley raised their price objective on DT Midstream from $113.00 to $118.00 and gave the company an "underweight" rating in a research report on Wednesday, August 6th. Wells Fargo & Company increased their target price on DT Midstream from $108.00 to $117.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Mizuho boosted their price target on DT Midstream from $105.00 to $108.00 and gave the stock a "neutral" rating in a research report on Friday, August 29th. Finally, Barclays increased 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. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, DT Midstream has a consensus rating of "Hold" and an average target price of $110.67.

Insider Buying and Selling

In other DT Midstream news, VP Melissa Cox sold 4,755 shares of the firm'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 value of $496,754.85. Following the sale, the vice president owned 5,171 shares in the company, valued at approximately $540,214.37. This trade represents a 47.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.34% of the company's stock.

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.