Linden Thomas Advisory Services LLC Lowers Position in DT Midstream, Inc. $DTM

Linden Thomas Advisory Services LLC cut its stake in shares of DT Midstream, Inc. (NYSE:DTM) by 0.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,276 shares of the company’s stock after selling 101 shares during the period. Linden Thomas Advisory Services LLC’s holdings in DT Midstream were worth $1,569,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. CWM LLC lifted its position in DT Midstream by 18.9% during the first quarter. CWM LLC now owns 4,201 shares of the company’s stock valued at $405,000 after purchasing an additional 669 shares in the last quarter. OneDigital Investment Advisors LLC purchased a new position in DT Midstream during the first quarter valued at $274,000. Bessemer Group Inc. lifted its position in 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 in the last quarter. Catalyst Capital Advisors LLC lifted its position in DT Midstream by 10.1% during the first quarter. Catalyst Capital Advisors LLC now owns 144,025 shares of the company’s stock valued at $13,896,000 after purchasing an additional 13,243 shares in the last quarter. Finally, Mason Investment Advisory Services Inc. purchased a new position in shares of DT Midstream in the first quarter valued at about $397,000. 81.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Stifel Nicolaus set a $119.00 price objective on DT Midstream in a research report on Tuesday, October 14th. Citigroup boosted their price objective on DT Midstream from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Mizuho boosted their price objective on DT Midstream from $105.00 to $108.00 and gave the company a “neutral” rating in a research report on Friday, August 29th. Morgan Stanley boosted their price objective on DT Midstream from $113.00 to $118.00 and gave the company an “underweight” rating in a research report on Wednesday, August 6th. Finally, UBS Group boosted their price objective on DT Midstream from $115.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Seven analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $115.08.

DT Midstream Stock Performance

NYSE:DTM opened at $105.73 on Friday. The company has a fifty day simple moving average of $107.73 and a two-hundred day simple moving average of $104.28. The company has a market cap of $10.74 billion, a price-to-earnings ratio of 28.35, a price-to-earnings-growth ratio of 2.31 and a beta of 0.78. 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 52 week low of $83.30 and a 52 week high of $115.80.

DT Midstream (NYSE:DTM) last posted its quarterly earnings results on Thursday, July 31st. The company reported $1.04 EPS for the quarter, topping 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 quarter in the previous year, the firm posted $0.98 earnings per share. DT Midstream has set its FY 2025 guidance at 4.050-4.450 EPS. As a group, equities analysts anticipate 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 was paid on Wednesday, October 15th. Investors of record on Monday, September 15th were issued a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Monday, September 15th. DT Midstream’s dividend payout ratio is 87.94%.

Insider Buying and Selling

In related news, VP Melissa Cox sold 4,755 shares of the stock in a transaction on 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 of the company’s stock, valued at $540,214.37. This represents a 47.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.34% of the stock is owned by company insiders.

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.