Ballentine Partners LLC Acquires 106 Shares of DT Midstream, Inc. $DTM

Ballentine Partners LLC grew its holdings in DT Midstream, Inc. (NYSE:DTM) by 4.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,604 shares of the company’s stock after purchasing an additional 106 shares during the period. Ballentine Partners LLC’s holdings in DT Midstream were worth $286,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of DTM. Mowery & Schoenfeld Wealth Management LLC acquired a new position in DT Midstream during the first quarter worth about $25,000. Alpine Bank Wealth Management bought a new stake in shares of DT Midstream during the 1st quarter valued at approximately $26,000. Twin Tree Management LP acquired a new position in DT Midstream during the 1st quarter worth approximately $29,000. Geneos Wealth Management Inc. lifted its stake in DT Midstream by 39.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 436 shares of the company’s stock valued at $42,000 after purchasing an additional 123 shares during the last quarter. Finally, Bessemer Group Inc. boosted its position in DT Midstream by 44.0% in the first quarter. Bessemer Group Inc. now owns 442 shares of the company’s stock valued at $43,000 after buying an additional 135 shares in the last quarter. 81.53% of the stock is currently owned by institutional investors.

DT Midstream Price Performance

DTM stock opened at $113.48 on Monday. 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 firm has a market cap of $11.53 billion, a price-to-earnings ratio of 30.42, a PEG ratio of 2.48 and a beta of 0.77. The company’s fifty day simple moving average is $104.30 and its 200 day simple moving average is $102.19. DT Midstream, Inc. has a 12-month low of $76.91 and a 12-month high of $114.50.

DT Midstream (NYSE:DTM) last announced its quarterly earnings data on Thursday, July 31st. The company reported $1.04 earnings per share (EPS) for the quarter, beating 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 company had revenue of $299.00 million for the quarter, compared to the consensus estimate of $295.70 million. During the same period in the previous year, the business earned $0.98 EPS. DT Midstream has set its FY 2025 guidance at 4.050-4.450 EPS. On average, analysts expect that DT Midstream, Inc. will post 3.8 earnings per share for the current year.

DT Midstream Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 2.9%. DT Midstream’s dividend payout ratio (DPR) is 87.94%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Morgan Stanley upped their price target on shares of DT Midstream from $113.00 to $118.00 and gave the stock an “underweight” rating in a report on Wednesday, August 6th. Stifel Nicolaus upped their target price on DT Midstream from $102.00 to $108.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Wells Fargo & Company increased their target price on DT Midstream from $108.00 to $117.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Finally, Mizuho lifted their price target on DT Midstream from $105.00 to $108.00 and gave the company a “neutral” rating in a research note 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, the stock presently has an average rating of “Hold” and an average target price of $110.67.

Insider Activity at DT Midstream

In other news, VP Melissa Cox sold 4,755 shares of DT Midstream stock in a transaction on 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 sale, the vice president owned 5,171 shares in the company, valued at $540,214.37. The trade was a 47.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.34% of the stock is currently owned by company insiders.

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.