DT Midstream, Inc. $DTM Shares Acquired by Waratah Capital Advisors Ltd.

Waratah Capital Advisors Ltd. lifted its stake in shares of DT Midstream, Inc. (NYSE:DTM) by 94.9% in the second quarter, Holdings Channel reports. The firm owned 74,067 shares of the company’s stock after buying an additional 36,067 shares during the period. Waratah Capital Advisors Ltd.’s holdings in DT Midstream were worth $8,141,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in DT Midstream in the 1st quarter worth about $25,000. Twin Tree Management LP acquired a new position in shares of DT Midstream during the first quarter valued at approximately $29,000. Parkside Financial Bank & Trust lifted its position in shares of DT Midstream by 138.2% in the second quarter. Parkside Financial Bank & Trust now owns 312 shares of the company’s stock valued at $34,000 after acquiring an additional 181 shares in the last quarter. Trust Co. of Toledo NA OH purchased a new stake in shares of DT Midstream during the second quarter worth approximately $38,000. Finally, Geneos Wealth Management Inc. increased its position 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 worth $42,000 after purchasing an additional 123 shares in the last quarter. 81.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DTM has been the topic of a number of research reports. UBS Group raised their price objective on DT Midstream from $115.00 to $128.00 and gave the company a “buy” rating in a report on Friday, October 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of DT Midstream in a research note on Wednesday, October 8th. Jefferies Financial Group assumed coverage on shares of DT Midstream in a research note on Monday, November 3rd. They set a “buy” rating and a $125.00 price objective for the company. Barclays increased their price objective on shares of DT Midstream from $103.00 to $114.00 and gave the company an “equal weight” rating in a report on Wednesday, October 8th. Finally, Wells Fargo & Company boosted their target price on DT Midstream from $108.00 to $117.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Eight research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, DT Midstream presently has a consensus rating of “Hold” and a consensus price target of $117.46.

DT Midstream Stock Performance

NYSE:DTM opened at $115.92 on Friday. The company’s 50-day moving average is $110.21 and its two-hundred day moving average is $106.01. DT Midstream, Inc. has a 1-year low of $83.30 and a 1-year high of $116.49. 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 firm has a market capitalization of $11.79 billion, a price-to-earnings ratio of 29.27, a PEG ratio of 2.26 and a beta of 0.77.

DT Midstream (NYSE:DTM) last announced its quarterly earnings results on Thursday, October 30th. The company reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.10. DT Midstream had a net margin of 34.30% and a return on equity of 8.83%. The business had revenue of $314.00 million during the quarter, compared to the consensus estimate of $309.21 million. During the same quarter last year, the firm earned $0.90 EPS. DT Midstream has set its FY 2025 guidance at 4.150-4.450 EPS. Analysts forecast that DT Midstream, Inc. will post 3.8 EPS for the current year.

DT Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be issued a dividend of $0.82 per share. The ex-dividend date is Monday, December 15th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.8%. DT Midstream’s dividend payout ratio is currently 82.83%.

DT Midstream Company 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.