DT Midstream, Inc. $DTM Shares Acquired by Sound View Wealth Advisors Group LLC

Sound View Wealth Advisors Group LLC lifted its stake in shares of DT Midstream, Inc. (NYSE:DTM) by 22.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,666 shares of the company’s stock after acquiring an additional 488 shares during the quarter. Sound View Wealth Advisors Group LLC’s holdings in DT Midstream were worth $293,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in DT Midstream by 5.9% during the 1st quarter. Vanguard Group Inc. now owns 11,174,965 shares of the company’s stock worth $1,078,161,000 after purchasing an additional 621,183 shares during the period. Jane Street Group LLC grew its position in shares of DT Midstream by 1,699.5% during the first quarter. Jane Street Group LLC now owns 401,170 shares of the company’s stock worth $38,705,000 after buying an additional 378,877 shares in the last quarter. Nuveen LLC acquired a new position in shares of DT Midstream during the first quarter worth about $33,529,000. HITE Hedge Asset Management LLC purchased a new stake in shares of DT Midstream during the first quarter worth approximately $31,139,000. Finally, AQR Capital Management LLC raised its holdings in DT Midstream by 59.9% in the first quarter. AQR Capital Management LLC now owns 804,745 shares of the company’s stock valued at $77,247,000 after acquiring an additional 301,355 shares in the last quarter. 81.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DTM has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their price target on shares of DT Midstream from $114.00 to $118.00 and gave the stock a “neutral” rating in a research note on Monday, September 29th. Weiss Ratings restated a “buy (b)” rating on shares of DT Midstream in a report on Wednesday, October 8th. Citigroup boosted their target price on shares of DT Midstream from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Jefferies Financial Group began coverage on DT Midstream in a report on Monday, November 3rd. They issued a “buy” rating and a $125.00 target price on the stock. Finally, Mizuho lifted their price target on DT Midstream from $105.00 to $108.00 and gave the stock a “neutral” rating in a report on Friday, August 29th. Eight research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $116.00.

DT Midstream Trading Up 0.8%

NYSE DTM opened at $114.92 on Tuesday. The firm’s fifty day moving average price is $109.41 and its 200 day moving average price is $105.61. DT Midstream, Inc. has a 12 month low of $83.30 and a 12 month high of $115.80. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market capitalization of $11.68 billion, a price-to-earnings ratio of 29.02, a price-to-earnings-growth ratio of 2.43 and a beta of 0.77.

DT Midstream (NYSE:DTM) last released its quarterly earnings data on Thursday, October 30th. The company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.10. The company had revenue of $309.16 million during the quarter, compared to the consensus estimate of $309.21 million. DT Midstream had a net margin of 34.30% and a return on equity of 8.83%. During the same quarter in the prior year, the firm posted $0.90 earnings per share. DT Midstream has set its FY 2025 guidance at 4.150-4.450 EPS. On average, sell-side analysts expect that DT Midstream, Inc. will post 3.8 earnings per share for the current fiscal year.

DT Midstream Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, December 15th will be given a $0.82 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.9%. DT Midstream’s dividend payout ratio is 82.83%.

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.