Cetera Investment Advisers Has $5.52 Million Position in DT Midstream, Inc. $DTM

Cetera Investment Advisers grew its holdings in DT Midstream, Inc. (NYSE:DTM) by 9.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,237 shares of the company’s stock after purchasing an additional 4,193 shares during the quarter. Cetera Investment Advisers’ holdings in DT Midstream were worth $5,522,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Twin Tree Management LP bought a new stake in DT Midstream in the first quarter worth approximately $29,000. Parkside Financial Bank & Trust grew its position in shares of DT Midstream by 138.2% during the 2nd quarter. Parkside Financial Bank & Trust now owns 312 shares of the company’s stock worth $34,000 after buying an additional 181 shares during the period. Trust Co. of Toledo NA OH acquired a new stake in shares of DT Midstream during the 2nd quarter worth approximately $38,000. Geneos Wealth Management Inc. increased its stake 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 valued at $42,000 after acquiring an additional 123 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of DT Midstream during the 1st quarter valued at $81,000. Institutional investors own 81.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on DTM. Wells Fargo & Company raised their price target on shares of DT Midstream from $108.00 to $117.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. UBS Group upped their price objective on shares of DT Midstream from $115.00 to $128.00 and gave the company a “buy” rating in a report on Friday, October 3rd. Barclays raised their target price 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. JPMorgan Chase & Co. upped their price target on DT Midstream from $114.00 to $118.00 and gave the stock a “neutral” rating in a research note on Monday, September 29th. Finally, Stifel Nicolaus increased their price target on DT Midstream from $119.00 to $121.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Eight 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $117.46.

DT Midstream Trading Up 0.6%

NYSE:DTM opened at $117.03 on Monday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.92 and a quick ratio of 0.92. DT Midstream, Inc. has a one year low of $83.30 and a one year high of $118.81. The company has a market cap of $11.90 billion, a PE ratio of 29.55, a PEG ratio of 2.28 and a beta of 0.77. The firm has a 50-day moving average of $111.13 and a 200-day moving average of $106.60.

DT Midstream (NYSE:DTM) last released its quarterly earnings results on Thursday, October 30th. The company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.10. The business had revenue of $314.00 million during the quarter, compared to the consensus estimate of $309.21 million. DT Midstream had a return on equity of 8.83% and a net margin of 34.30%.During the same quarter in the previous year, the business earned $0.90 EPS. 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 EPS for the current fiscal year.

DT Midstream Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, December 15th will be paid a dividend of $0.82 per share. 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 (DPR) is 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.