DT Midstream, Inc. $DTM Shares Purchased by Savant Capital LLC

Savant Capital LLC boosted its holdings in DT Midstream, Inc. (NYSE:DTM) by 23.1% during the second quarter, HoldingsChannel.com reports. The fund owned 7,589 shares of the company’s stock after acquiring an additional 1,424 shares during the period. Savant Capital LLC’s holdings in DT Midstream were worth $834,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DTM. Ballentine Partners LLC raised its position in shares of DT Midstream by 4.2% during the 2nd quarter. Ballentine Partners LLC now owns 2,604 shares of the company’s stock worth $286,000 after purchasing an additional 106 shares during the period. Independent Advisor Alliance grew its stake in DT Midstream by 2.5% during the 1st quarter. Independent Advisor Alliance now owns 4,713 shares of the company’s stock worth $455,000 after buying an additional 117 shares during the last quarter. Geneos Wealth Management Inc. increased its position in DT Midstream by 39.3% in the first quarter. Geneos Wealth Management Inc. now owns 436 shares of the company’s stock worth $42,000 after buying an additional 123 shares during the period. Applied Finance Capital Management LLC lifted its stake in DT Midstream by 6.5% in the first quarter. Applied Finance Capital Management LLC now owns 2,410 shares of the company’s stock valued at $233,000 after buying an additional 147 shares during the last quarter. Finally, Atria Wealth Solutions Inc. boosted its holdings in shares of DT Midstream by 2.6% during the first quarter. Atria Wealth Solutions Inc. now owns 7,104 shares of the company’s stock valued at $687,000 after acquiring an additional 181 shares during the period. 81.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Barclays increased their price objective on shares of DT Midstream from $103.00 to $114.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 8th. Stifel Nicolaus lifted their price target on DT Midstream from $119.00 to $121.00 and gave the company a “buy” rating in a report on Friday, October 31st. Morgan Stanley boosted their price objective on DT Midstream from $126.00 to $137.00 and gave the stock an “underweight” rating in a research report on Wednesday. Mizuho raised their target price on DT Midstream from $105.00 to $108.00 and gave the company a “neutral” rating in a research report on Friday, August 29th. Finally, JPMorgan Chase & Co. lifted their target price on DT Midstream from $114.00 to $118.00 and gave the company a “neutral” rating in a research note on Monday, September 29th. Eight investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $117.46.

DT Midstream Trading Down 1.8%

DT Midstream stock opened at $113.20 on Friday. DT Midstream, Inc. has a 12-month low of $83.30 and a 12-month high of $116.47. 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 stock has a market capitalization of $11.51 billion, a PE ratio of 28.59, a price-to-earnings-growth ratio of 2.25 and a beta of 0.77. The firm has a 50 day simple moving average of $109.99 and a 200-day simple moving average of $105.84.

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

DT Midstream Dividend Announcement

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

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.