DT Midstream, Inc. $DTM Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its stake in shares of DT Midstream, Inc. (NYSE:DTM) by 3.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,521 shares of the company’s stock after selling 1,629 shares during the period. Mutual of America Capital Management LLC’s holdings in DT Midstream were worth $5,553,000 as of its most recent SEC filing.

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

DT Midstream Stock Performance

Shares of DTM opened at $108.65 on Wednesday. DT Midstream, Inc. has a one year low of $83.30 and a one year high of $115.80. The company has a 50-day moving average of $107.54 and a two-hundred day moving average of $103.90. The stock has a market cap of $11.04 billion, a price-to-earnings ratio of 29.13, a PEG ratio of 2.40 and a beta of 0.78. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.88 and a quick ratio of 0.88.

DT Midstream (NYSE:DTM) last announced its 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. DT Midstream had a net margin of 33.90% and a return on equity of 8.48%. The company had revenue of $299.00 million during the quarter, compared to analysts’ expectations of $295.70 million. During the same period last year, the company posted $0.98 earnings per share. DT Midstream has set its FY 2025 guidance at 4.050-4.450 EPS. On average, equities research analysts expect that DT Midstream, Inc. will post 3.8 earnings per share for the current year.

DT Midstream Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th were issued a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Monday, September 15th. DT Midstream’s dividend payout ratio (DPR) is presently 87.94%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DTM. Morgan Stanley raised their price objective on shares of DT Midstream from $113.00 to $118.00 and gave the company an “underweight” rating in a research report on Wednesday, August 6th. Citigroup raised their price objective on shares of DT Midstream from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Weiss Ratings restated a “buy (b)” rating on shares of DT Midstream in a research report on Wednesday, October 8th. Stifel Nicolaus set a $119.00 price objective on shares of DT Midstream in a research report on Tuesday, October 14th. Finally, UBS Group raised their price objective on shares of DT Midstream from $115.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Seven research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $115.08.

Insider Activity at DT Midstream

In other DT Midstream news, VP Melissa Cox sold 4,755 shares of the firm’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $104.47, for a total value of $496,754.85. Following the completion of the transaction, the vice president directly owned 5,171 shares in the company, valued at $540,214.37. This trade represents a 47.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.34% of the stock is currently owned by insiders.

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.