Vestmark Advisory Solutions Inc. Raises 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 position in DT Midstream, Inc. (NYSE:DTM - Free Report) by 98.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund 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 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Ballentine Partners LLC grew its holdings in DT Midstream by 4.8% during the first quarter. Ballentine Partners LLC now owns 2,498 shares of the company's stock valued at $241,000 after purchasing an additional 114 shares during the last quarter. Independent Advisor Alliance lifted its holdings in shares of DT Midstream by 2.5% during the first quarter. Independent Advisor Alliance now owns 4,713 shares of the company's stock valued at $455,000 after acquiring an additional 117 shares during the period. Bessemer Group Inc. lifted its holdings in shares of DT Midstream by 44.0% during the first quarter. Bessemer Group Inc. now owns 442 shares of the company's stock valued at $43,000 after acquiring an additional 135 shares during the period. NewEdge Advisors LLC increased its stake in shares of DT Midstream by 1.1% in the fourth quarter. NewEdge Advisors LLC now owns 13,413 shares of the company's stock valued at $1,334,000 after buying an additional 142 shares in the last quarter. Finally, Applied Finance Capital Management LLC increased its stake in shares of DT Midstream by 6.5% in the first quarter. Applied Finance Capital Management LLC now owns 2,410 shares of the company's stock valued at $233,000 after buying an additional 147 shares in the last quarter. Institutional investors and hedge funds own 81.53% of the company's stock.

Insider Activity

In other DT Midstream news, VP Melissa Cox sold 4,755 shares of the firm'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 transaction, the vice president directly owned 5,171 shares in the company, valued at approximately $540,214.37. This trade represents a 47.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.34% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Stifel Nicolaus lifted their price objective on DT Midstream from $102.00 to $108.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Morgan Stanley lifted their price objective on DT Midstream from $113.00 to $118.00 and gave the company an "underweight" rating in a report on Wednesday, August 6th. Wells Fargo & Company lifted their price objective on DT Midstream from $108.00 to $117.00 and gave the company an "overweight" rating in a report on Friday, August 1st. US Capital Advisors cut DT Midstream from a "moderate buy" rating to a "hold" rating in a research note on Monday, April 28th. Finally, Barclays boosted their target price on DT Midstream from $102.00 to $103.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 20th. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $110.91.

DT Midstream Price Performance

NYSE:DTM traded down $1.72 during trading hours on Friday, hitting $101.52. The company's stock had a trading volume of 520,918 shares, compared to its average volume of 715,524. The stock has a fifty day simple moving average of $103.88 and a 200-day simple moving average of $100.47. The company has a market capitalization of $10.31 billion, a P/E ratio of 27.22, a PEG ratio of 1.87 and a beta of 0.77. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.88 and a quick ratio of 0.88. DT Midstream, Inc. has a twelve month low of $73.52 and a twelve month high of $114.50.

DT Midstream (NYSE:DTM - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $1.04 EPS for the quarter, beating 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 firm had revenue of $299.00 million for the quarter, compared to analyst estimates of $295.70 million. During the same period last year, the firm posted $0.98 earnings per share. DT Midstream has set its FY 2025 guidance at 4.050-4.450 EPS. On average, analysts anticipate that DT Midstream, Inc. will post 3.8 EPS for the current fiscal year.

DT Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Monday, September 15th. DT Midstream's dividend payout ratio (DPR) is currently 87.94%.

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.