Intech Investment Management LLC Acquires 48,562 Shares of DT Midstream, Inc. $DTM

Intech Investment Management LLC lifted its holdings in shares of DT Midstream, Inc. (NYSE:DTM) by 67.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 120,664 shares of the company’s stock after acquiring an additional 48,562 shares during the quarter. Intech Investment Management LLC’s holdings in DT Midstream were worth $13,262,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Cerity Partners LLC lifted its holdings in DT Midstream by 2.8% during the 1st quarter. Cerity Partners LLC now owns 17,033 shares of the company’s stock valued at $1,644,000 after purchasing an additional 471 shares during the last quarter. Mutual of America Capital Management LLC raised its position in shares of DT Midstream by 1.6% in the first quarter. Mutual of America Capital Management LLC now owns 52,150 shares of the company’s stock valued at $5,031,000 after purchasing an additional 828 shares during the period. New York State Common Retirement Fund lifted its stake in shares of DT Midstream by 25.0% during the 1st quarter. New York State Common Retirement Fund now owns 67,050 shares of the company’s stock worth $6,469,000 after buying an additional 13,400 shares during the last quarter. CWM LLC boosted its holdings in shares of DT Midstream by 18.9% during the 1st quarter. CWM LLC now owns 4,201 shares of the company’s stock worth $405,000 after buying an additional 669 shares during the period. Finally, Forum Financial Management LP grew its stake in DT Midstream by 16.5% in the 1st quarter. Forum Financial Management LP now owns 3,952 shares of the company’s stock valued at $381,000 after buying an additional 561 shares during the last quarter. 81.53% of the stock is owned by institutional investors and hedge funds.

DT Midstream Price Performance

Shares of NYSE DTM opened at $115.92 on Friday. The business has a fifty day moving average price of $110.21 and a two-hundred day moving average price of $106.01. The stock has a market capitalization of $11.79 billion, a PE ratio of 29.27, a P/E/G ratio of 2.26 and a beta of 0.77. 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 fifty-two week low of $83.30 and a fifty-two week high of $116.49.

DT Midstream (NYSE:DTM) last issued its quarterly earnings results on Thursday, October 30th. The company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.10. The company had revenue of $314.00 million for the quarter, compared to analysts’ expectations 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 last year, the business earned $0.90 earnings per share. DT Midstream has set its FY 2025 guidance at 4.150-4.450 EPS. As a group, equities analysts predict 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 $0.82 dividend. This represents a $3.28 annualized dividend 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%.

Wall Street Analyst Weigh In

DTM has been the subject of several research reports. Barclays raised their price objective on shares of DT Midstream from $103.00 to $114.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 8th. Morgan Stanley lifted their price target on DT Midstream from $126.00 to $137.00 and gave the stock an “underweight” rating in a report on Wednesday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of DT Midstream in a report on Wednesday, October 8th. Mizuho lifted their target price on DT Midstream from $105.00 to $108.00 and gave the stock a “neutral” rating in a report on Friday, August 29th. Finally, JPMorgan Chase & Co. boosted their target price on shares of DT Midstream from $114.00 to $118.00 and gave the company a “neutral” rating in a research report on Monday, September 29th. Eight equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $117.46.

DT Midstream Company 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.