Vanguard Personalized Indexing Management LLC Buys 3,487 Shares of DT Midstream, Inc. $DTM

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in DT Midstream, Inc. by 16.0%, acquiring an additional 3,487 shares during the second quarter, bringing their total to 25,291 shares valued at approximately $2.79 million.
• DT Midstream reported a quarterly earnings per share (EPS) of $1.04, surpassing the consensus estimate of $0.98, and raised its FY 2025 guidance for EPS to a range of 4.050-4.450.
• The company announced a quarterly dividend of $0.82, with a current dividend yield of 2.9% and a payout ratio of 87.94%.

Vanguard Personalized Indexing Management LLC lifted its stake in DT Midstream, Inc. (NYSE:DTM - Free Report) by 16.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,291 shares of the company's stock after buying an additional 3,487 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in DT Midstream were worth $2,789,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Johnson Investment Counsel Inc. boosted its stake in shares of DT Midstream by 1.0% in the second quarter. Johnson Investment Counsel Inc. now owns 31,308 shares of the company's stock valued at $3,441,000 after buying an additional 298 shares during the period. Trust Co. of Toledo NA OH acquired a new position in DT Midstream during the second quarter valued at approximately $38,000. Inspire Investing LLC acquired a new position in DT Midstream during the second quarter valued at approximately $892,000. Bernard Wealth Management Corp. raised its position in DT Midstream by 3.0% during the second quarter. Bernard Wealth Management Corp. now owns 17,344 shares of the company's stock valued at $1,906,000 after purchasing an additional 510 shares in the last quarter. Finally, Drucker Wealth 3.0 LLC acquired a new position in DT Midstream during the second quarter valued at approximately $551,000. 81.53% of the stock is currently owned by institutional investors.

DT Midstream Stock Up 1.8%

Shares of NYSE:DTM opened at $111.99 on Thursday. The company has a fifty day moving average of $107.13 and a 200-day moving average of $103.45. The company has a market capitalization of $11.38 billion, a PE ratio of 30.02, a price-to-earnings-growth ratio of 2.40 and a beta of 0.78. 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 52-week low of $83.30 and a 52-week high of $115.80.

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 (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.06. The company had revenue of $299.00 million during the quarter, compared to the consensus estimate of $295.70 million. DT Midstream had a net margin of 33.90% and a return on equity of 8.48%. During the same period in the prior year, the business earned $0.98 earnings per share. DT Midstream has set its FY 2025 guidance at 4.050-4.450 EPS. On average, equities analysts predict that DT Midstream, Inc. will post 3.8 EPS for the current fiscal year.

DT Midstream Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 15th were paid a $0.82 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $3.28 annualized dividend and a dividend yield of 2.9%. DT Midstream's payout ratio is currently 87.94%.

Insider Buying and Selling at DT Midstream

In related news, VP Melissa Cox sold 4,755 shares of the business's stock in a transaction 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 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 SEC, which is available through the SEC website. 0.34% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

DTM has been the subject of several research analyst reports. Weiss Ratings restated a "buy (b)" rating on shares of DT Midstream in a research report on Wednesday, October 8th. Mizuho boosted their price objective on shares of DT Midstream from $105.00 to $108.00 and gave the company a "neutral" rating in a research report on Friday, August 29th. UBS Group boosted their price objective on shares of DT Midstream from $115.00 to $128.00 and gave the company a "buy" rating in a research report on Friday, October 3rd. Stifel Nicolaus set a $119.00 price objective on shares of DT Midstream in a research report on Tuesday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of DT Midstream from $114.00 to $118.00 and gave the company a "neutral" rating in a research report on Monday, September 29th. Seven analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $115.08.

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.

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