Cwm LLC Buys 204 Shares of DT Midstream, Inc. $DTM

Cwm LLC lifted its stake in shares of DT Midstream, Inc. (NYSE:DTM) by 4.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,405 shares of the company’s stock after acquiring an additional 204 shares during the quarter. Cwm LLC’s holdings in DT Midstream were worth $484,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Ballentine Partners LLC lifted its position 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 worth $286,000 after acquiring an additional 106 shares during the period. Independent Advisor Alliance lifted its position in shares of DT Midstream by 2.5% in the 1st quarter. Independent Advisor Alliance now owns 4,713 shares of the company’s stock worth $455,000 after acquiring an additional 117 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of DT Midstream by 39.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 436 shares of the company’s stock worth $42,000 after acquiring an additional 123 shares during the period. Bessemer Group Inc. lifted its position in shares of DT Midstream by 44.0% in the 1st quarter. Bessemer Group Inc. now owns 442 shares of the company’s stock worth $43,000 after acquiring an additional 135 shares during the period. Finally, Applied Finance Capital Management LLC lifted its position in shares of DT Midstream by 6.5% in the 1st quarter. Applied Finance Capital Management LLC now owns 2,410 shares of the company’s stock worth $233,000 after acquiring an additional 147 shares during the period. Institutional investors own 81.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Mizuho raised their price objective on DT Midstream from $105.00 to $108.00 and gave the stock a “neutral” rating in a research report on Friday, August 29th. Stifel Nicolaus set a $119.00 price objective on DT Midstream in a research report on Tuesday, October 14th. Barclays raised their price objective 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. Citigroup raised their price objective on DT Midstream from $115.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Finally, Wells Fargo & Company increased their target price on DT Midstream from $108.00 to $117.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Seven investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, DT Midstream has a consensus rating of “Hold” and an average target price of $115.08.

DT Midstream Trading Down 0.2%

DTM stock opened at $105.73 on Friday. The business has a fifty day moving average price of $107.73 and a 200 day moving average price of $104.17. DT Midstream, Inc. has a fifty-two week low of $83.30 and a fifty-two week high of $115.80. The stock has a market capitalization of $10.74 billion, a price-to-earnings ratio of 28.35, a P/E/G ratio of 2.31 and a beta of 0.78. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.88 and a quick ratio of 0.88.

DT Midstream (NYSE:DTM) last released its quarterly earnings results on Thursday, July 31st. The company reported $1.04 earnings per share 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 firm had revenue of $299.00 million during the quarter, compared to analysts’ expectations of $295.70 million. During the same period last year, the firm posted $0.98 EPS. DT Midstream has set its FY 2025 guidance at 4.050-4.450 EPS. Analysts expect that DT Midstream, Inc. will post 3.8 EPS for the current fiscal year.

DT Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 15th were issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Monday, September 15th. DT Midstream’s dividend payout ratio (DPR) is currently 87.94%.

Insiders Place Their Bets

In related news, VP Melissa Cox sold 4,755 shares of the firm’s 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 completion of the sale, the vice president directly owned 5,171 shares of the company’s stock, valued at $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 available at this hyperlink. 0.34% of the stock is owned by corporate 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.