Nemes Rush Group LLC Sells 1,216 Shares of DT Midstream, Inc. $DTM

Nemes Rush Group LLC reduced its position in DT Midstream, Inc. (NYSE:DTM) by 46.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,400 shares of the company’s stock after selling 1,216 shares during the period. Nemes Rush Group LLC’s holdings in DT Midstream were worth $154,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Mutual of America Capital Management LLC lifted its holdings in DT Midstream by 1.6% in the first quarter. Mutual of America Capital Management LLC now owns 52,150 shares of the company’s stock valued at $5,031,000 after acquiring an additional 828 shares during the period. Kestra Private Wealth Services LLC increased its position in shares of DT Midstream by 85.0% during the 1st quarter. Kestra Private Wealth Services LLC now owns 4,460 shares of the company’s stock valued at $430,000 after purchasing an additional 2,049 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of DT Midstream by 27.4% in the 1st quarter. IFP Advisors Inc now owns 1,601 shares of the company’s stock worth $155,000 after purchasing an additional 344 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of DT Midstream in the first quarter worth approximately $1,165,000. Finally, KLP Kapitalforvaltning AS boosted its holdings in shares of DT Midstream by 2.5% in the first quarter. KLP Kapitalforvaltning AS now owns 20,600 shares of the company’s stock worth $2,001,000 after buying an additional 500 shares during the last quarter. Institutional investors own 81.53% of the company’s stock.

DT Midstream Trading Up 0.6%

Shares of DT Midstream stock opened at $117.03 on Monday. DT Midstream, Inc. has a fifty-two week low of $83.30 and a fifty-two week high of $118.81. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market capitalization of $11.90 billion, a P/E ratio of 29.55, a P/E/G ratio of 2.28 and a beta of 0.77. The company has a fifty day moving average of $111.13 and a 200 day moving average of $106.60.

DT Midstream (NYSE:DTM) last announced its quarterly earnings data on Thursday, October 30th. The company reported $1.13 EPS for the quarter, beating the consensus estimate of $1.03 by $0.10. The business had revenue of $314.00 million for the quarter, compared to the consensus estimate of $309.21 million. DT Midstream had a return on equity of 8.83% and a net margin of 34.30%.During the same period in the previous year, the business earned $0.90 earnings per share. DT Midstream has set its FY 2025 guidance at 4.150-4.450 EPS. On average, sell-side analysts anticipate that DT Midstream, Inc. will post 3.8 earnings per share for the current fiscal year.

DT Midstream Dividend Announcement

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

Analysts Set New Price Targets

DTM has been the subject of a number of research reports. Jefferies Financial Group began coverage on shares of DT Midstream in a report on Monday, November 3rd. They set a “buy” rating and a $125.00 target price for the company. Mizuho boosted their price objective on shares of DT Midstream from $105.00 to $108.00 and gave the company a “neutral” rating in a research report on Friday, August 29th. Stifel Nicolaus upped their price objective on DT Midstream from $119.00 to $121.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Citigroup lifted their target price on DT Midstream from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Finally, JPMorgan Chase & Co. boosted their price target on DT Midstream from $114.00 to $118.00 and gave the company a “neutral” rating in a report on Monday, September 29th. Eight analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $117.46.

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.