Voya Investment Management LLC Reduces Stock Position in DT Midstream, Inc. $DTM

Voya Investment Management LLC reduced its holdings in shares of DT Midstream, Inc. (NYSE:DTM) by 21.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 122,045 shares of the company’s stock after selling 34,089 shares during the quarter. Voya Investment Management LLC owned 0.12% of DT Midstream worth $13,798,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in DTM. Ballentine Partners LLC raised its stake in shares of DT Midstream by 4.2% in the 2nd quarter. Ballentine Partners LLC now owns 2,604 shares of the company’s stock valued at $286,000 after purchasing an additional 106 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in 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 during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in DT Midstream by 15.5% in the second quarter. Steward Partners Investment Advisory LLC now owns 970 shares of the company’s stock worth $107,000 after purchasing an additional 130 shares during the period. Citizens Financial Group Inc. RI increased its stake in DT Midstream by 6.8% during the second quarter. Citizens Financial Group Inc. RI now owns 2,419 shares of the company’s stock valued at $266,000 after purchasing an additional 153 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of DT Midstream by 1.1% in the 2nd quarter. NewEdge Advisors LLC now owns 13,784 shares of the company’s stock worth $1,515,000 after buying an additional 153 shares during the last quarter. 81.53% of the stock is owned by institutional investors and hedge funds.

DT Midstream Trading Up 1.2%

Shares of DTM stock opened at $119.39 on Tuesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.92 and a current ratio of 0.92. DT Midstream, Inc. has a 1 year low of $83.30 and a 1 year high of $122.70. The stock has a fifty day moving average of $114.69 and a two-hundred day moving average of $108.88. The firm has a market capitalization of $12.14 billion, a PE ratio of 30.15, a price-to-earnings-growth ratio of 2.27 and a beta of 0.76.

DT Midstream (NYSE:DTM) last issued its quarterly earnings results on Thursday, October 30th. The company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.10. DT Midstream had a return on equity of 8.83% and a net margin of 34.30%.The company had revenue of $314.00 million for the quarter, compared to analyst estimates of $309.21 million. During the same period last 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, research analysts expect that DT Midstream, Inc. will post 3.8 EPS for the current year.

DT Midstream Dividend Announcement

The business 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 2.7%. DT Midstream’s dividend payout ratio (DPR) is 82.83%.

Analyst Ratings Changes

DTM has been the subject of a number of recent research reports. Citigroup boosted 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. JPMorgan Chase & Co. upped their target price on DT Midstream from $118.00 to $126.00 and gave the company a “neutral” rating in a report on Tuesday, December 2nd. Bank of America boosted their price objective on DT Midstream from $118.00 to $132.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. Barclays increased their target price on DT Midstream from $103.00 to $114.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 8th. Finally, Stifel Nicolaus raised their target price on DT Midstream from $119.00 to $121.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Eight analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $123.25.

About DT Midstream

DT Midstream Inc (NYSE: DTM) is a midstream energy company that owns and operates infrastructure for gathering, processing and treating hydrocarbons and produced water. Its core business activities encompass natural gas gathering, cryogenic processing, natural gas liquids (NGL) fractionation, and produced-water handling services. These integrated operations enable the company to capture and transport multiple hydrocarbon streams from wellhead to market and to provide essential water management solutions.

The company’s asset footprint is concentrated in the Delaware Basin in West Texas and southeastern New Mexico, where it serves a diverse range of exploration and production customers.