Quantbot Technologies LP Makes New Investment in DT Midstream, Inc. $DTM

Quantbot Technologies LP bought a new position in DT Midstream, Inc. (NYSE:DTM) in the first quarter, according to its most recent disclosure with the SEC. The firm bought 25,403 shares of the company’s stock, valued at approximately $2,451,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Ballentine Partners LLC increased its position in shares of DT Midstream by 4.8% during the 1st quarter. Ballentine Partners LLC now owns 2,498 shares of the company’s stock worth $241,000 after purchasing an additional 114 shares during the last quarter. Independent Advisor Alliance increased its position in shares of DT Midstream by 2.5% during the 1st quarter. Independent Advisor Alliance now owns 4,713 shares of the company’s stock worth $455,000 after purchasing an additional 117 shares during the last quarter. Bessemer Group Inc. increased its position in shares of DT Midstream by 44.0% during the 1st quarter. Bessemer Group Inc. now owns 442 shares of the company’s stock worth $43,000 after purchasing an additional 135 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of DT Midstream by 1.1% during the 4th quarter. NewEdge Advisors LLC now owns 13,413 shares of the company’s stock worth $1,334,000 after purchasing an additional 142 shares during the last quarter. Finally, Applied Finance Capital Management LLC increased its position in shares of DT Midstream by 6.5% during the 1st quarter. Applied Finance Capital Management LLC now owns 2,410 shares of the company’s stock worth $233,000 after purchasing an additional 147 shares during the last quarter. 81.53% of the stock is owned by institutional investors and hedge funds.

DT Midstream Stock Performance

NYSE DTM opened at $102.39 on Thursday. The company has a market cap of $10.40 billion, a P/E ratio of 27.45, a P/E/G ratio of 1.85 and a beta of 0.77. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a 50-day moving average of $104.03 and a two-hundred day moving average of $100.46. DT Midstream, Inc. has a 1-year low of $73.52 and a 1-year high of $114.50.

DT Midstream (NYSE:DTM) last released its earnings results on Thursday, July 31st. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.06. The company had revenue of $299.00 million during the quarter, compared to the consensus estimate of $295.70 million. DT Midstream had a return on equity of 8.48% and a net margin of 33.90%.During the same period in the previous year, the company posted $0.98 EPS. DT Midstream has set its FY 2025 guidance at 4.050-4.450 EPS. As a group, analysts anticipate that DT Midstream, Inc. will post 3.8 EPS for the current year.

DT Midstream Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be paid a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Monday, September 15th. DT Midstream’s dividend payout ratio (DPR) is presently 87.94%.

Analyst Ratings Changes

A number of brokerages recently issued reports on DTM. US Capital Advisors downgraded DT Midstream from a “moderate buy” rating to a “hold” rating in a research report on Monday, April 28th. Stifel Nicolaus raised their price objective on DT Midstream from $102.00 to $108.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Morgan Stanley raised their price objective on DT Midstream from $113.00 to $118.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 6th. Wells Fargo & Company raised their price objective on DT Midstream from $108.00 to $117.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Finally, Barclays lifted their target price on DT Midstream from $102.00 to $103.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 20th. Six investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $110.91.

Insider Activity

In other news, VP Melissa Cox sold 4,755 shares of DT Midstream stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $104.47, for a total value of $496,754.85. Following the completion of the transaction, the vice president owned 5,171 shares in the company, valued at approximately $540,214.37. This trade represents a 47.90% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.34% of the company’s stock.

About DT Midstream

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.