Vestmark Advisory Solutions Inc. Has $616,000 Stock Holdings in DT Midstream, Inc. $DTM

Key Points

• Vestmark Advisory Solutions Inc. increased its stake in DT Midstream by 98.7% during the first quarter, now owning 6,386 shares valued at $616,000.
• DT Midstream reported earnings per share of $1.04 for the last quarter, surpassing expectations and setting a FY 2025 guidance of 4.050-4.450 EPS.
• The company also declared a quarterly dividend of $0.82, with a payout ratio of 87.94% and an annual yield of 3.2%.

Vestmark Advisory Solutions Inc. increased its stake in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) by 98.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 6,386 shares of the company's stock after buying an additional 3,172 shares during the period. Vestmark Advisory Solutions Inc.'s holdings in DT Midstream were worth $616,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of DT Midstream in the first quarter valued at approximately $25,000. Alpine Bank Wealth Management acquired a new position in DT Midstream in the 1st quarter valued at $26,000. Bessemer Group Inc. increased its position in DT Midstream by 44.0% during the 1st quarter. Bessemer Group Inc. now owns 442 shares of the company's stock worth $43,000 after buying an additional 135 shares during the period. Versant Capital Management Inc lifted its holdings in shares of 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 buying an additional 276 shares in the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of DT Midstream by 50.3% during the first quarter. UMB Bank n.a. now owns 723 shares of the company's stock worth $70,000 after buying an additional 242 shares in the last quarter. 81.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. US Capital Advisors lowered shares of DT Midstream from a "moderate buy" rating to a "hold" rating in a research report on Monday, April 28th. Barclays raised their target price on shares of DT Midstream from $102.00 to $103.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 20th. Morgan Stanley boosted their price target on DT Midstream from $113.00 to $118.00 and gave the company an "underweight" rating in a research note on Wednesday, August 6th. Wells Fargo & Company increased their price target on DT Midstream from $108.00 to $117.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Finally, Stifel Nicolaus raised their price objective on DT Midstream from $102.00 to $108.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Six analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned 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 Price Performance

Shares of NYSE DTM traded down $1.72 during trading hours on Friday, hitting $101.52. 520,918 shares of the stock were exchanged, compared to its average volume of 715,524. The company's fifty day simple moving average is $103.88 and its two-hundred day simple moving average is $100.45. The company has a market cap of $10.31 billion, a PE ratio of 27.22, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. 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 1-year low of $73.52 and a 1-year high of $114.50.

DT Midstream (NYSE:DTM - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.98 by $0.06. The business 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 previous 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, sell-side analysts predict that DT Midstream, Inc. will post 3.8 EPS for the current year.

DT Midstream Announces Dividend

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 given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Monday, September 15th. DT Midstream's dividend payout ratio is currently 87.94%.

Insiders Place Their Bets

In other DT Midstream news, VP Melissa Cox sold 4,755 shares of DT Midstream stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $104.47, for a total value of $496,754.85. Following the transaction, the vice president owned 5,171 shares in the company, valued at $540,214.37. The trade was a 47.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.34% of the stock is owned by company insiders.

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.