Campbell & CO Investment Adviser LLC Has $1.68 Million Position in DT Midstream, Inc. $DTM

Campbell & CO Investment Adviser LLC lowered its holdings in DT Midstream, Inc. (NYSE:DTM) by 38.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,871 shares of the company’s stock after selling 9,331 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in DT Midstream were worth $1,681,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DTM. Private Trust Co. NA grew its stake in shares of DT Midstream by 23.6% in the 3rd quarter. Private Trust Co. NA now owns 535 shares of the company’s stock valued at $60,000 after purchasing an additional 102 shares during the period. Ballentine Partners LLC boosted its stake in DT Midstream by 4.2% in the 2nd quarter. Ballentine Partners LLC now owns 2,604 shares of the company’s stock valued at $286,000 after buying an additional 106 shares in the last quarter. Geneos Wealth Management Inc. grew its position in DT Midstream by 39.3% in the first quarter. Geneos Wealth Management Inc. now owns 436 shares of the company’s stock valued at $42,000 after acquiring an additional 123 shares during the period. Steward Partners Investment Advisory LLC raised its stake in DT Midstream by 15.5% during the second quarter. Steward Partners Investment Advisory LLC now owns 970 shares of the company’s stock worth $107,000 after acquiring an additional 130 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in DT Midstream by 8.1% during the third quarter. Farther Finance Advisors LLC now owns 1,955 shares of the company’s stock worth $221,000 after acquiring an additional 146 shares in the last quarter. Institutional investors own 81.53% of the company’s stock.

DT Midstream Price Performance

Shares of DTM stock opened at $120.49 on Friday. DT Midstream, Inc. has a 1 year low of $83.30 and a 1 year high of $122.70. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.69. The firm’s 50 day moving average is $118.56 and its 200-day moving average is $110.59. The firm has a market capitalization of $12.25 billion, a price-to-earnings ratio of 30.43, a PEG ratio of 2.13 and a beta of 0.76.

DT Midstream (NYSE:DTM) last posted its quarterly earnings data 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 firm had revenue of $314.00 million during the quarter, compared to analysts’ expectations of $309.21 million. During the same quarter in the previous year, the company posted $0.90 EPS. DT Midstream has set its FY 2025 guidance at 4.150-4.450 EPS. Sell-side analysts forecast that DT Midstream, Inc. will post 3.8 EPS for the current fiscal year.

DT Midstream Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Monday, December 15th were paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Monday, December 15th. DT Midstream’s dividend payout ratio is presently 82.83%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on DTM shares. Citigroup upped their target price on shares of DT Midstream from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Wells Fargo & Company upped their price objective on shares of DT Midstream from $121.00 to $133.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 17th. Morgan Stanley raised their price objective on shares of DT Midstream from $126.00 to $137.00 and gave the stock an “underweight” rating in a report on Wednesday, November 12th. Jefferies Financial Group started coverage on DT Midstream in a report on Monday, November 3rd. They issued a “buy” rating and a $125.00 target price on the stock. Finally, UBS Group raised their price target on DT Midstream from $115.00 to $128.00 and gave the company a “buy” rating in a report on Friday, October 3rd. Eight investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $123.67.

DT Midstream Profile

DT Midstream Inc (NYSE: DTM) is a midstream energy company that owns and operates infrastructure for gathering, processing and treating hydrocarbons and produced water. Its core business activities encompass natural gas gathering, cryogenic processing, natural gas liquids (NGL) fractionation, and produced-water handling services. These integrated operations enable the company to capture and transport multiple hydrocarbon streams from wellhead to market and to provide essential water management solutions.

The company’s asset footprint is concentrated in the Delaware Basin in West Texas and southeastern New Mexico, where it serves a diverse range of exploration and production customers.