DT Midstream, Inc. $DTM Holdings Decreased by Sei Investments Co.

Key Points

• Sei Investments Co. has reduced its holdings in DT Midstream, Inc. by 10.8%, owning approximately 59,370 shares worth about $5.86 million.
• Several institutional investors, including Mowery & Schoenfeld Wealth Management and Alpine Bank Wealth Management, have recently increased their positions in DT Midstream.
• DT Midstream has been rated with varying opinions by analysts; the average rating is currently "Hold" with a price target of around $110.91.

Sei Investments Co. reduced its stake in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) by 10.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 59,370 shares of the company's stock after selling 7,169 shares during the quarter. Sei Investments Co. owned 0.06% of DT Midstream worth $5,857,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. CWM LLC raised its holdings 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 during the period. OneDigital Investment Advisors LLC purchased a new stake in shares of DT Midstream during the 1st quarter valued at about $274,000. Bessemer Group Inc. raised its holdings in shares of DT Midstream by 44.0% during the 1st quarter. Bessemer Group Inc. now owns 442 shares of the company's stock valued at $43,000 after buying an additional 135 shares during the period. True Link Financial Advisors LLC purchased a new stake in DT Midstream during the 1st quarter worth approximately $238,000. Finally, Catalyst Capital Advisors LLC increased its holdings in DT Midstream by 10.1% during the 1st quarter. Catalyst Capital Advisors LLC now owns 144,025 shares of the company's stock worth $13,896,000 after purchasing an additional 13,243 shares during the last quarter. 81.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on DTM. Wells Fargo & Company lifted their price objective on DT Midstream from $108.00 to $117.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Morgan Stanley lifted their price objective on DT Midstream from $113.00 to $118.00 and gave the stock an "underweight" rating in a report on Wednesday, August 6th. Stifel Nicolaus lifted their price objective on DT Midstream from $102.00 to $108.00 and gave the stock a "buy" rating in a report on Friday, August 1st. US Capital Advisors downgraded DT Midstream from a "moderate buy" rating to a "hold" rating in a report on Monday, April 28th. Finally, Barclays lifted 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 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, DT Midstream presently has a consensus rating of "Hold" and an average target price of $110.91.

DT Midstream Stock Performance

DT Midstream stock traded down $0.25 during mid-day trading on Tuesday, hitting $101.70. 289,645 shares of the company's stock traded hands, compared to its average volume of 1,001,227. The firm has a 50 day moving average price of $104.15 and a 200 day moving average price of $100.44. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.69. The company has a market cap of $10.33 billion, a PE ratio of 27.26, a price-to-earnings-growth ratio of 1.87 and a beta of 0.77. 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 posted its quarterly earnings data on Thursday, July 31st. The company reported $1.04 EPS 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 company had revenue of $299.00 million for the quarter, compared to the consensus estimate of $295.70 million. During the same quarter in the previous year, the business earned $0.98 EPS. DT Midstream has set its FY 2025 guidance at 4.050-4.450 EPS. On average, equities analysts forecast that DT Midstream, Inc. will post 3.8 EPS for the current year.

DT Midstream Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be given a dividend of $0.82 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.2%. DT Midstream's payout ratio is 87.94%.

Insider Activity

In other news, VP Melissa Cox sold 4,755 shares of the business's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $104.47, for a total transaction of $496,754.85. Following the sale, the vice president directly owned 5,171 shares of the company's stock, valued at $540,214.37. The trade was a 47.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.34% of the stock is owned by company insiders.

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.