IFP Advisors Inc Decreases Holdings in DT Midstream, Inc. $DTM

IFP Advisors Inc decreased its position in shares of DT Midstream, Inc. (NYSE:DTM) by 27.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,169 shares of the company’s stock after selling 432 shares during the quarter. IFP Advisors Inc’s holdings in DT Midstream were worth $128,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In related news, VP Melissa Cox sold 4,755 shares of the firm’s stock in a transaction that occurred 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 transaction, the vice president owned 5,171 shares of the company’s stock, valued at approximately $540,214.37. This trade represents a 47.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.34% of the company’s stock.

DT Midstream Price Performance

NYSE DTM opened at $108.96 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market capitalization of $11.07 billion, a PE ratio of 29.21, a P/E/G ratio of 2.38 and a beta of 0.78. DT Midstream, Inc. has a 12 month low of $83.30 and a 12 month high of $115.80. The company’s 50 day simple moving average is $107.33 and its 200 day simple moving average is $103.65.

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

DT Midstream Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on DTM shares. Weiss Ratings reiterated a “buy (b)” rating on shares of DT Midstream in a report on Wednesday, October 8th. Citigroup increased their price target on shares of DT Midstream from $115.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. JPMorgan Chase & Co. increased their price target on shares of DT Midstream from $114.00 to $118.00 and gave the stock a “neutral” rating in a research report on Monday, September 29th. Barclays raised their target price on shares of DT Midstream from $103.00 to $114.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 8th. Finally, Wells Fargo & Company raised their price target on shares of DT Midstream from $108.00 to $117.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Seven investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $115.08.

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.