Diversified Trust Co Takes $427,000 Position in DT Midstream, Inc. $DTM

Diversified Trust Co bought a new stake in shares of DT Midstream, Inc. (NYSE:DTM) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,889 shares of the company’s stock, valued at approximately $427,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CWM LLC boosted its position in shares of DT Midstream by 18.9% during the 1st quarter. CWM LLC now owns 4,201 shares of the company’s stock valued at $405,000 after acquiring an additional 669 shares during the last quarter. OneDigital Investment Advisors LLC purchased a new stake in DT Midstream during the 1st quarter valued at $274,000. Bessemer Group Inc. raised its holdings in DT Midstream by 44.0% during the 1st quarter. Bessemer Group Inc. now owns 442 shares of the company’s stock valued at $43,000 after buying an additional 135 shares during the period. True Link Financial Advisors LLC purchased a new stake in DT Midstream during the 1st quarter valued at $238,000. Finally, Catalyst Capital Advisors LLC raised its holdings in DT Midstream by 10.1% during the 1st quarter. Catalyst Capital Advisors LLC now owns 144,025 shares of the company’s stock valued at $13,896,000 after buying an additional 13,243 shares during the period. 81.53% of the stock is currently owned by institutional investors.

Insider Activity

In other news, VP Melissa Cox sold 4,755 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $104.47, for a total transaction of $496,754.85. Following the transaction, the vice president owned 5,171 shares of the company’s stock, valued at approximately $540,214.37. This represents a 47.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.34% of the company’s stock.

DT Midstream Stock Performance

DTM stock opened at $110.31 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.69. The business’s fifty day simple moving average is $103.80 and its two-hundred day simple moving average is $101.68. DT Midstream, Inc. has a twelve month low of $76.91 and a twelve month high of $114.50. The firm has a market cap of $11.21 billion, a price-to-earnings ratio of 29.57, a PEG ratio of 2.36 and a beta of 0.77.

DT Midstream (NYSE:DTM) last released its earnings results on Thursday, July 31st. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.06. DT Midstream had a return on equity of 8.48% and a net margin of 33.90%.The business had revenue of $299.00 million for the quarter, compared to analyst estimates of $295.70 million. During the same quarter last year, the firm posted $0.98 earnings per share. DT Midstream has set its FY 2025 guidance at 4.050-4.450 EPS. Analysts predict that DT Midstream, Inc. will post 3.8 earnings per share for the current year.

DT Midstream Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be given a dividend of $0.82 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.0%. DT Midstream’s dividend payout ratio is presently 87.94%.

Wall Street Analysts Forecast Growth

DTM has been the topic of several recent research reports. Morgan Stanley increased their price target on DT Midstream from $113.00 to $118.00 and gave the company an “underweight” rating in a report on Wednesday, August 6th. Stifel Nicolaus increased their price target on DT Midstream from $102.00 to $108.00 and gave the company a “buy” rating in a report on Friday, August 1st. Wells Fargo & Company increased their price target on DT Midstream from $108.00 to $117.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Finally, Mizuho increased their price target on DT Midstream from $105.00 to $108.00 and gave the company a “neutral” rating in a report on Friday, August 29th. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, DT Midstream currently has an average rating of “Hold” and an average price target of $110.67.

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.