Osaic Holdings Inc. Acquires 5,853 Shares of DT Midstream, Inc. $DTM

Osaic Holdings Inc. raised its holdings in DT Midstream, Inc. (NYSE:DTM) by 18.3% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 37,896 shares of the company’s stock after buying an additional 5,853 shares during the period. Osaic Holdings Inc.’s holdings in DT Midstream were worth $4,096,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Twin Tree Management LP bought a new position in shares of DT Midstream in the first quarter worth about $29,000. Cary Street Partners Investment Advisory LLC bought a new position in DT Midstream in the 2nd quarter worth about $33,000. WFA of San Diego LLC bought a new position in DT Midstream in the 2nd quarter worth about $33,000. Parkside Financial Bank & Trust increased its position in shares of DT Midstream by 138.2% during the second quarter. Parkside Financial Bank & Trust now owns 312 shares of the company’s stock worth $34,000 after acquiring an additional 181 shares during the period. Finally, Trust Co. of Toledo NA OH bought a new stake in shares of DT Midstream during the second quarter valued at approximately $38,000. 81.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DTM. Citigroup lifted their target price on DT Midstream from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Morgan Stanley upped their price objective on shares of DT Midstream from $126.00 to $137.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 12th. JPMorgan Chase & Co. raised their target price on shares of DT Midstream from $118.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday, December 2nd. UBS Group upped their price target on shares of DT Midstream from $115.00 to $128.00 and gave the stock a “buy” rating in a research report on Friday, October 3rd. Finally, Bank of America boosted their price objective on shares of DT Midstream from $118.00 to $132.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Eight 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’s stock. Based on data from MarketBeat, DT Midstream currently has an average rating of “Moderate Buy” and an average price target of $123.25.

DT Midstream Stock Performance

Shares of DTM stock opened at $120.55 on Thursday. 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 company has a market cap of $12.26 billion, a PE ratio of 30.44, a PEG ratio of 2.34 and a beta of 0.76. The business’s fifty day simple moving average is $115.08 and its 200-day simple moving average is $109.05. DT Midstream, Inc. has a 12-month low of $83.30 and a 12-month high of $122.70.

DT Midstream (NYSE:DTM) last issued its earnings results on Thursday, October 30th. The company reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.10. The company had revenue of $314.00 million during the quarter, compared to analyst estimates 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 posted $0.90 EPS. DT Midstream has set its FY 2025 guidance at 4.150-4.450 EPS. Analysts expect that DT Midstream, Inc. will post 3.8 earnings per share for the current fiscal year.

DT Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.7%. DT Midstream’s dividend payout ratio (DPR) is 82.83%.

About DT Midstream

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.