DT Midstream, Inc. $DTM Shares Bought by Acadian Asset Management LLC

Acadian Asset Management LLC boosted its position in DT Midstream, Inc. (NYSE:DTM) by 31.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 89,558 shares of the company’s stock after purchasing an additional 21,262 shares during the period. Acadian Asset Management LLC owned about 0.09% of DT Midstream worth $9,836,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. CWM LLC lifted its position in shares of DT Midstream by 18.9% during the 1st quarter. CWM LLC now owns 4,201 shares of the company’s stock valued at $405,000 after acquiring an additional 669 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in DT Midstream by 0.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,148,324 shares of the company’s stock worth $110,790,000 after purchasing an additional 5,218 shares during the last quarter. Fractal Investments LLC boosted its position in DT Midstream by 132.6% during the second quarter. Fractal Investments LLC now owns 230,999 shares of the company’s stock worth $25,389,000 after purchasing an additional 131,700 shares in the last quarter. Clean Energy Transition LLP acquired a new stake in DT Midstream in the first quarter valued at $16,966,000. Finally, Element Capital Management LLC purchased a new position in shares of DT Midstream in the first quarter valued at $2,679,000. Hedge funds and other institutional investors own 81.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Jefferies Financial Group assumed coverage on DT Midstream in a research note on Monday, November 3rd. They issued a “buy” rating and a $125.00 target price on the stock. Barclays increased their price objective on DT Midstream from $103.00 to $114.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 8th. Weiss Ratings reissued a “buy (b)” rating on shares of DT Midstream in a research note on Wednesday, October 8th. Citigroup raised their price target on shares of DT Midstream from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Finally, Stifel Nicolaus lifted their price target on shares of DT Midstream from $119.00 to $121.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Eight analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $117.46.

DT Midstream Stock Performance

NYSE:DTM opened at $115.30 on Thursday. The firm’s fifty day simple moving average is $109.84 and its 200 day simple moving average is $105.79. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.69. DT Midstream, Inc. has a twelve month low of $83.30 and a twelve month high of $115.80. The firm has a market capitalization of $11.72 billion, a price-to-earnings ratio of 29.12, a PEG ratio of 2.24 and a beta of 0.77.

DT Midstream (NYSE:DTM) last issued its quarterly earnings data on Thursday, October 30th. The company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.10. The company had revenue of $309.16 million during the quarter, compared to the consensus estimate of $309.21 million. DT Midstream had a net margin of 34.30% and a return on equity of 8.83%. During the same quarter last year, the company earned $0.90 earnings per share. DT Midstream has set its FY 2025 guidance at 4.150-4.450 EPS. As a group, equities research analysts expect that DT Midstream, Inc. will post 3.8 earnings per share for the current fiscal year.

DT Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, December 15th will be issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Monday, December 15th. DT Midstream’s dividend payout ratio (DPR) is currently 82.83%.

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.