United Services Automobile Association Buys Shares of 6,383 DT Midstream, Inc. $DTM

Key Points

• United Services Automobile Association acquired a new stake in DT Midstream, purchasing 6,383 shares valued at approximately $618,000 during the first quarter.
• DT Midstream recently announced a quarterly dividend of $0.82 per share, with a dividend yield of 3.1% and a payout ratio of 87.94%.
• The company reported a quarterly earnings per share (EPS) of $1.04, exceeding estimates and setting a FY 2025 EPS guidance of 4.050-4.450.

United Services Automobile Association purchased a new position in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,383 shares of the company's stock, valued at approximately $618,000.

A number of other institutional investors also recently made changes to their positions in the business. Aristeia Capital L.L.C. bought a new position in shares of DT Midstream during the 1st quarter valued at $401,000. Dynamic Technology Lab Private Ltd boosted its position in DT Midstream by 70.1% during the first quarter. Dynamic Technology Lab Private Ltd now owns 13,320 shares of the company's stock valued at $1,285,000 after buying an additional 5,490 shares during the period. Scientech Research LLC bought a new position in shares of DT Midstream during the first quarter valued at about $1,455,000. Palo Duro Investment Partners LP increased its holdings in shares of DT Midstream by 26.2% in the first quarter. Palo Duro Investment Partners LP now owns 6,609 shares of the company's stock worth $638,000 after buying an additional 1,371 shares during the period. Finally, NewEdge Advisors LLC lifted its stake in shares of DT Midstream by 1.6% in the 1st quarter. NewEdge Advisors LLC now owns 13,631 shares of the company's stock valued at $1,315,000 after acquiring an additional 218 shares during the last quarter. Hedge funds and other institutional investors own 81.53% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DTM. Morgan Stanley raised their target price 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. 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. Wells Fargo & Company upped their price objective on shares of DT Midstream from $108.00 to $117.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Mizuho raised their target price on DT Midstream from $105.00 to $108.00 and gave the stock a "neutral" rating in a research note on Friday, August 29th. Finally, Stifel Nicolaus boosted their price target on DT Midstream from $102.00 to $108.00 and gave the company a "buy" rating in a report on Friday, August 1st. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, DT Midstream currently has a consensus rating of "Hold" and a consensus price target of $110.67.

Insider Transactions at DT Midstream

In related news, VP Melissa Cox sold 4,755 shares of the stock in a transaction dated Monday, August 11th. The shares were 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 approximately $540,214.37. This represents a 47.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.34% of the stock is currently owned by insiders.

DT Midstream Stock Down 0.1%

DT Midstream stock traded down $0.07 on Friday, hitting $107.27. 474,326 shares of the stock traded hands, compared to its average volume of 650,006. DT Midstream, Inc. has a 1 year low of $75.56 and a 1 year high of $114.50. The firm has a market cap of $10.90 billion, a P/E ratio of 28.76, a price-to-earnings-growth ratio of 2.35 and a beta of 0.77. 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 business's fifty day simple moving average is $103.25 and its 200 day simple moving average is $100.92.

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 the consensus estimate of $0.98 by $0.06. DT Midstream had a net margin of 33.90% and a return on equity of 8.48%. The business had revenue of $299.00 million for the quarter, compared to analyst estimates of $295.70 million. During the same quarter in the previous year, the firm posted $0.98 earnings per share. DT Midstream has set its FY 2025 guidance at 4.050-4.450 EPS. As a group, sell-side analysts forecast that DT Midstream, Inc. will post 3.8 earnings per share for the current year.

DT Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be given a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, September 15th. DT Midstream's payout ratio is currently 87.94%.

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.