1,891 Shares in DT Midstream, Inc. $DTM Purchased by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC purchased a new stake in DT Midstream, Inc. (NYSE:DTM) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,891 shares of the company’s stock, valued at approximately $208,000.

Several other large investors have also recently added to or reduced their stakes in DTM. Mowery & Schoenfeld Wealth Management LLC acquired a new position in DT Midstream in the 1st quarter valued at approximately $25,000. Alpine Bank Wealth Management bought a new stake in shares of DT Midstream in the 1st quarter valued at approximately $26,000. Twin Tree Management LP bought a new stake in shares of DT Midstream in the 1st quarter valued at approximately $29,000. Geneos Wealth Management Inc. grew its stake in shares of DT Midstream by 39.3% in the 1st 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 period. Finally, Bessemer Group Inc. grew its stake in shares of DT Midstream by 44.0% in the 1st 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 period. Institutional investors and hedge funds own 81.53% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Mizuho upped their price objective on DT Midstream from $105.00 to $108.00 and gave the company a “neutral” rating in a research note on Friday, August 29th. UBS Group increased their target price on DT Midstream from $115.00 to $128.00 and gave the stock a “buy” rating in a report on Friday, October 3rd. Citigroup raised their target price on DT Midstream from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday. Barclays upped their price target on shares of DT Midstream from $103.00 to $114.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Finally, Stifel Nicolaus raised their price objective 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. Seven 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.com, the stock presently has a consensus rating of “Hold” and an average price target of $114.17.

Insider Activity

In other news, VP Melissa Cox sold 4,755 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the vice president directly owned 5,171 shares of the company’s stock, valued at $540,214.37. This trade represents a 47.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.34% of the stock is currently owned by insiders.

DT Midstream Stock Down 1.3%

Shares of DT Midstream stock opened at $109.66 on Friday. 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 12 month low of $83.30 and a 12 month high of $115.80. The business has a fifty day simple moving average of $106.76 and a 200 day simple moving average of $103.18. The stock has a market cap of $11.14 billion, a PE ratio of 29.40, a price-to-earnings-growth ratio of 2.43 and a beta of 0.78.

DT Midstream (NYSE:DTM) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $295.70 million. DT Midstream had a return on equity of 8.48% and a net margin of 33.90%.During the same quarter last year, the business posted $0.98 EPS. DT Midstream has set its FY 2025 guidance at 4.050-4.450 EPS. Research analysts predict that DT Midstream, Inc. will post 3.8 EPS for the current 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 paid a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 3.0%. The ex-dividend date is Monday, September 15th. DT Midstream’s dividend payout ratio (DPR) 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.