Voya Investment Management LLC Boosts Holdings in DT Midstream, Inc. $DTM

Key Points

• Voya Investment Management LLC increased its holdings in DT Midstream, Inc. by 19.3% during the 1st quarter, owning approximately 0.16% of the company worth $15.3 million.
• DT Midstream announced a quarterly dividend of $0.82 to be paid on October 15, with a dividend yield of 3.1%.
• Several analysts have recently upped their price targets for DT Midstream shares, with a consensus target price of $110.67 and a mix of buy and hold ratings.

Voya Investment Management LLC raised its stake in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) by 19.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 158,869 shares of the company's stock after purchasing an additional 25,714 shares during the quarter. Voya Investment Management LLC owned 0.16% of DT Midstream worth $15,328,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mowery & Schoenfeld Wealth Management LLC bought a new stake in DT Midstream in the first quarter valued at about $25,000. Alpine Bank Wealth Management bought a new stake in shares of DT Midstream during the first quarter valued at approximately $26,000. Twin Tree Management LP bought a new stake in shares of DT Midstream during the first quarter valued at approximately $29,000. Geneos Wealth Management Inc. grew its stake in shares of DT Midstream by 39.3% during the first quarter. Geneos Wealth Management Inc. now owns 436 shares of the company's stock valued at $42,000 after purchasing an additional 123 shares during the last quarter. Finally, Bessemer Group Inc. grew its stake 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 purchasing an additional 135 shares during the last quarter. Institutional investors own 81.53% of the company's stock.

DT Midstream Trading Down 0.4%

NYSE DTM traded down $0.43 on Friday, hitting $107.27. The company's stock had a trading volume of 2,410,082 shares, compared to its average volume of 677,679. The company's 50-day moving average is $103.61 and its 200 day moving average is $101.35. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.69. DT Midstream, Inc. has a 1-year low of $76.13 and a 1-year high of $114.50. The firm has a market cap of $10.90 billion, a PE ratio of 28.76, a PEG ratio of 2.35 and a beta of 0.77.

DT Midstream (NYSE:DTM - Get Free Report) last issued its 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 business had revenue of $299.00 million for the quarter, compared to analyst estimates 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 firm earned $0.98 earnings per share. DT Midstream has set its FY 2025 guidance at 4.050-4.450 EPS. As a group, analysts predict that DT Midstream, Inc. will post 3.8 earnings per share for the current fiscal year.

DT Midstream Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be paid a $0.82 dividend. The ex-dividend date is Monday, September 15th. This represents a $3.28 annualized dividend and a dividend yield of 3.1%. DT Midstream's dividend payout ratio (DPR) is presently 87.94%.

Insider Buying and Selling at DT Midstream

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

Analyst Ratings Changes

DTM has been the topic of several research analyst reports. Stifel Nicolaus increased their price target on shares of DT Midstream from $102.00 to $108.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Morgan Stanley increased 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. Mizuho raised their price objective on shares of DT Midstream from $105.00 to $108.00 and gave the stock a "neutral" rating in a report on Friday, August 29th. Finally, Wells Fargo & Company lifted their price target 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. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $110.67.

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.