AE Wealth Management LLC Has $1.29 Million Holdings in DT Midstream, Inc. $DTM

AE Wealth Management LLC lifted its stake in shares of DT Midstream, Inc. (NYSE:DTM) by 4.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,759 shares of the company’s stock after buying an additional 515 shares during the quarter. AE Wealth Management LLC’s holdings in DT Midstream were worth $1,292,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of DTM. Metis Global Partners LLC boosted its stake in DT Midstream by 10.5% during the second quarter. Metis Global Partners LLC now owns 6,637 shares of the company’s stock worth $729,000 after acquiring an additional 631 shares in the last quarter. Savant Capital LLC boosted its position in shares of DT Midstream by 23.1% during the 2nd quarter. Savant Capital LLC now owns 7,589 shares of the company’s stock worth $834,000 after purchasing an additional 1,424 shares in the last quarter. Kayne Anderson Capital Advisors LP grew its stake in shares of DT Midstream by 28.9% in the 2nd quarter. Kayne Anderson Capital Advisors LP now owns 873,199 shares of the company’s stock valued at $95,973,000 after buying an additional 195,782 shares during the period. First Horizon Advisors Inc. grew its stake in shares of DT Midstream by 12.6% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,621 shares of the company’s stock valued at $178,000 after buying an additional 182 shares during the period. Finally, State of Michigan Retirement System increased its position in DT Midstream by 0.8% in the 2nd quarter. State of Michigan Retirement System now owns 24,455 shares of the company’s stock valued at $2,688,000 after buying an additional 200 shares in the last quarter. Institutional investors own 81.53% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DTM. Wells Fargo & Company increased their price target on DT Midstream from $108.00 to $117.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Barclays increased their target price on DT Midstream from $103.00 to $114.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 8th. UBS Group boosted their price target on shares of DT Midstream from $115.00 to $128.00 and gave the company a “buy” rating in a research note on Friday, October 3rd. Morgan Stanley raised their price objective on shares of DT Midstream from $126.00 to $137.00 and gave the company an “underweight” rating in a research note on Wednesday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of DT Midstream in a report on Wednesday, October 8th. Eight research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $117.46.

DT Midstream Stock Performance

Shares of DTM stock opened at $115.30 on Thursday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a 50-day moving average of $109.84 and a 200-day moving average of $105.79. DT Midstream, Inc. has a one year low of $83.30 and a one year high of $115.80. The company has a market cap of $11.72 billion, a P/E ratio of 29.12, a P/E/G ratio of 2.24 and a beta of 0.77.

DT Midstream (NYSE:DTM) last released its quarterly earnings results on Thursday, October 30th. The company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.10. DT Midstream had a net margin of 34.30% and a return on equity of 8.83%. The business had revenue of $309.16 million for the quarter, compared to analysts’ expectations of $309.21 million. During the same period in the previous year, the company earned $0.90 earnings per share. DT Midstream has set its FY 2025 guidance at 4.150-4.450 EPS. Equities research analysts forecast that DT Midstream, Inc. will post 3.8 EPS for the current fiscal year.

DT Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, December 15th will be paid a $0.82 dividend. The ex-dividend date is Monday, December 15th. This represents a $3.28 annualized dividend and a yield of 2.8%. DT Midstream’s dividend payout ratio is presently 82.83%.

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.