Yaupon Capital Management LP Has $20.89 Million Position in DT Midstream, Inc. $DTM

Key Points

• Yaupon Capital Management LP increased its stake in DT Midstream, Inc. by 7.0%, acquiring an additional 14,121 shares to own a total of 216,497 shares valued at approximately $20.89 million.
• DT Midstream announced a quarterly dividend of $0.82 per share, scheduled for payment on October 15th, with a yield of 3.1%.
• Analysts have recently raised their price targets for DT Midstream, with Wells Fargo increasing it to $117.00, indicating a positive outlook for the stock.

Yaupon Capital Management LP grew its position in DT Midstream, Inc. (NYSE:DTM - Free Report) by 7.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 216,497 shares of the company's stock after acquiring an additional 14,121 shares during the period. Yaupon Capital Management LP owned about 0.21% of DT Midstream worth $20,888,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of DT Midstream during the 1st quarter worth about $25,000. Alpine Bank Wealth Management acquired a new stake in DT Midstream in the 1st quarter worth about $26,000. Twin Tree Management LP acquired a new stake in DT Midstream in the 1st quarter worth about $29,000. Bessemer Group Inc. raised its stake in DT Midstream by 44.0% in the 1st quarter. Bessemer Group Inc. now owns 442 shares of the company's stock worth $43,000 after purchasing an additional 135 shares in the last quarter. Finally, Versant Capital Management Inc raised its stake in DT Midstream by 130.2% in the 1st quarter. Versant Capital Management Inc now owns 488 shares of the company's stock worth $47,000 after purchasing an additional 276 shares in the last quarter. Institutional investors own 81.53% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Morgan Stanley lifted their price objective on shares of DT Midstream from $113.00 to $118.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 6th. Stifel Nicolaus boosted their target price on shares of DT Midstream from $102.00 to $108.00 and gave the company a "buy" rating in a research report on Friday, August 1st. 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 report on Friday, August 1st. Mizuho lifted their price target on shares of DT Midstream from $105.00 to $108.00 and gave the company a "neutral" rating in a report on Friday, August 29th. Finally, Barclays lifted their price target on shares of DT Midstream from $102.00 to $103.00 and gave the company an "equal weight" rating in a report on Tuesday, May 20th. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, DT Midstream has a consensus rating of "Hold" and a consensus target price of $110.67.

Insider Activity

In other news, VP Melissa Cox sold 4,755 shares of the business's stock in a transaction that occurred 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 transaction, the vice president owned 5,171 shares in the company, valued at approximately $540,214.37. The trade was a 47.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.34% of the company's stock.

DT Midstream Trading Down 0.1%

DTM traded down $0.07 during trading on Friday, reaching $107.27. 474,326 shares of the company's stock were exchanged, compared to its average volume of 650,006. DT Midstream, Inc. has a one year low of $75.56 and a one year high of $114.50. 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 stock has a market capitalization of $10.90 billion, a PE ratio of 28.76, a price-to-earnings-growth ratio of 2.35 and a beta of 0.77. The firm has a fifty day moving average price of $103.25 and a two-hundred day moving average price of $100.96.

DT Midstream (NYSE:DTM - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.98 by $0.06. The firm 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 previous year, the firm posted $0.98 EPS. DT Midstream has set its FY 2025 guidance at 4.050-4.450 EPS. As a group, equities research analysts forecast that DT Midstream, Inc. will post 3.8 earnings per share for the current fiscal year.

DT Midstream Dividend Announcement

The company 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. The ex-dividend date is Monday, September 15th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.1%. DT Midstream's payout ratio is 87.94%.

DT Midstream 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.