DT Midstream, Inc. $DTM Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its holdings in DT Midstream, Inc. (NYSE:DTM) by 2.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 228,248 shares of the company’s stock after buying an additional 5,707 shares during the period. Envestnet Asset Management Inc. owned about 0.22% of DT Midstream worth $25,087,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of DT Midstream by 5.9% in the 1st quarter. Vanguard Group Inc. now owns 11,174,965 shares of the company’s stock valued at $1,078,161,000 after buying an additional 621,183 shares during the period. Tortoise Capital Advisors L.L.C. boosted its holdings in shares of DT Midstream by 21.8% in the 1st quarter. Tortoise Capital Advisors L.L.C. now owns 1,582,833 shares of the company’s stock valued at $152,712,000 after buying an additional 282,870 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of DT Midstream by 11.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,236,800 shares of the company’s stock valued at $119,326,000 after buying an additional 131,138 shares during the period. Northern Trust Corp boosted its holdings in shares of DT Midstream by 8.9% in the 1st quarter. Northern Trust Corp now owns 1,156,867 shares of the company’s stock valued at $111,615,000 after buying an additional 94,470 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of DT Midstream by 0.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,148,324 shares of the company’s stock valued at $110,790,000 after buying an additional 5,218 shares during the period. 81.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on DTM shares. Mizuho lifted their price target on shares of DT Midstream from $105.00 to $108.00 and gave the company a “neutral” rating in a report on Friday, August 29th. Citigroup lifted 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. Stifel Nicolaus lifted their price objective on shares of DT Midstream from $119.00 to $121.00 and gave the company a “buy” rating in a research report on Friday. UBS Group lifted their price objective on shares of DT Midstream from $115.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Finally, Morgan Stanley lifted their price objective on shares of DT Midstream from $113.00 to $118.00 and gave the company an “underweight” rating in a research report on Wednesday, August 6th. Eight research 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.com, DT Midstream has a consensus rating of “Hold” and a consensus price target of $116.00.

Insider Buying and Selling at DT Midstream

In other news, VP Melissa Cox sold 4,755 shares of the company’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 sale, the vice president directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.34% of the company’s stock.

DT Midstream Price Performance

Shares of DTM opened at $112.25 on Tuesday. The stock’s fifty day moving average is $108.52 and its 200-day moving average is $105.05. The firm has a market capitalization of $11.40 billion, a price-to-earnings ratio of 28.35, a price-to-earnings-growth ratio of 2.35 and a beta of 0.78. DT Midstream, Inc. has a one year low of $83.30 and a one year high of $115.80. 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 (NYSE:DTM) last issued its quarterly earnings results on Thursday, October 30th. The company reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.10. The company had revenue of $309.16 million during the quarter, compared to analyst estimates of $309.21 million. DT Midstream had a net margin of 34.30% and a return on equity of 8.83%. During the same period in the prior year, the business posted $0.90 EPS. DT Midstream has set its FY 2025 guidance at 4.150-4.450 EPS. Equities analysts anticipate that DT Midstream, Inc. will post 3.8 EPS for the current year.

DT Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, December 15th. DT Midstream’s dividend payout ratio is currently 82.83%.

DT Midstream Company 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.