Orion Porfolio Solutions LLC Has $2.67 Million Stock Position in DT Midstream, Inc. $DTM

Orion Porfolio Solutions LLC boosted its holdings in DT Midstream, Inc. (NYSE:DTM) by 44.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 24,258 shares of the company’s stock after purchasing an additional 7,442 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in DT Midstream were worth $2,666,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. 59 North Capital Management LP acquired a new stake in shares of DT Midstream during the 2nd quarter worth approximately $226,757,000. Norges Bank bought a new position in DT Midstream during the second quarter worth $143,743,000. Jane Street Group LLC boosted its stake in DT Midstream by 1,699.5% during the first quarter. Jane Street Group LLC now owns 401,170 shares of the company’s stock worth $38,705,000 after acquiring an additional 378,877 shares in the last quarter. Merewether Investment Management LP grew its holdings in DT Midstream by 810.1% in the second quarter. Merewether Investment Management LP now owns 342,200 shares of the company’s stock worth $37,611,000 after purchasing an additional 304,600 shares during the period. Finally, AQR Capital Management LLC increased its stake in DT Midstream by 59.9% in the first quarter. AQR Capital Management LLC now owns 804,745 shares of the company’s stock valued at $77,247,000 after purchasing an additional 301,355 shares in the last quarter. 81.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DTM. Stifel Nicolaus raised their target price on DT Midstream from $119.00 to $121.00 and gave the company a “buy” rating in a research note on Friday, October 31st. UBS Group raised their price objective on DT Midstream from $115.00 to $128.00 and gave the company a “buy” rating in a research note on Friday, October 3rd. Barclays boosted their price objective on DT Midstream from $103.00 to $114.00 and gave the company an “equal weight” rating in a report on Wednesday, October 8th. Jefferies Financial Group initiated coverage on DT Midstream in a research report on Monday, November 3rd. They set a “buy” rating and a $125.00 target price on the stock. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of DT Midstream in a research report on Wednesday, October 8th. Eight research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $123.25.

DT Midstream Stock Performance

Shares of DT Midstream stock opened at $117.71 on Friday. The company has a market cap of $11.97 billion, a PE ratio of 29.72, a price-to-earnings-growth ratio of 2.28 and a beta of 0.76. DT Midstream, Inc. has a 52 week low of $83.30 and a 52 week high of $122.70. The business has a 50 day moving average price of $114.33 and a 200-day moving average price of $108.69. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.69.

DT Midstream (NYSE:DTM) last announced its earnings results 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. DT Midstream had a return on equity of 8.83% and a net margin of 34.30%.The company had revenue of $314.00 million for the quarter, compared to analysts’ expectations of $309.21 million. During the same quarter in the previous year, the firm earned $0.90 earnings per share. DT Midstream has set its FY 2025 guidance at 4.150-4.450 EPS. Equities analysts anticipate that DT Midstream, Inc. will post 3.8 earnings per share 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 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 payout ratio is currently 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.