Vestmark Advisory Solutions Inc. Sells 3,254 Shares of DT Midstream, Inc. $DTM

Vestmark Advisory Solutions Inc. trimmed its position in DT Midstream, Inc. (NYSE:DTM) by 51.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,132 shares of the company’s stock after selling 3,254 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in DT Midstream were worth $344,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Mowery & Schoenfeld Wealth Management LLC acquired a new position in DT Midstream during the first quarter worth $25,000. Twin Tree Management LP bought a new stake in DT Midstream during the 1st quarter worth about $29,000. Trust Co. of Toledo NA OH acquired a new stake in DT Midstream in the 2nd quarter valued at about $38,000. Geneos Wealth Management Inc. raised its stake in shares of DT Midstream by 39.3% in the first quarter. Geneos Wealth Management Inc. now owns 436 shares of the company’s stock worth $42,000 after acquiring an additional 123 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of DT Midstream during the first quarter worth approximately $81,000. 81.53% of the stock is owned by institutional investors and hedge funds.

DT Midstream Price Performance

NYSE:DTM opened at $116.19 on Thursday. The firm has a fifty day simple moving average of $109.84 and a 200 day simple moving average of $105.79. DT Midstream, Inc. has a 1-year low of $83.30 and a 1-year high of $116.47. The stock has a market capitalization of $11.81 billion, a PE ratio of 29.34, a P/E/G ratio of 2.24 and a beta of 0.77. 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 (NYSE:DTM) last issued its quarterly earnings data on Thursday, October 30th. The company reported $1.13 earnings per share for the quarter, beating 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 company had revenue of $309.16 million for the quarter, compared to analyst estimates of $309.21 million. During the same period in the prior year, the firm earned $0.90 earnings per share. DT Midstream has set its FY 2025 guidance at 4.150-4.450 EPS. On average, research analysts expect that DT Midstream, Inc. will post 3.8 EPS for the current fiscal year.

DT Midstream Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, December 15th will be given 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 presently 82.83%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on DTM shares. Wells Fargo & Company boosted their price objective on shares of DT Midstream from $108.00 to $117.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Stifel Nicolaus raised their price target on DT Midstream from $119.00 to $121.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Jefferies Financial Group began coverage on DT Midstream in a report on Monday, November 3rd. They issued a “buy” rating and a $125.00 price objective for the company. Citigroup raised their target price on DT Midstream from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Finally, Morgan Stanley increased their target price on DT Midstream from $126.00 to $137.00 and gave the stock an “underweight” rating in a report on Wednesday. Eight investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $117.46.

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.