47,466 Shares in DT Midstream, Inc. $DTM Acquired by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH acquired a new position in shares of DT Midstream, Inc. (NYSE:DTM) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 47,466 shares of the company’s stock, valued at approximately $5,217,000.

A number of other hedge funds and other institutional investors have also modified their holdings of DTM. Vanguard Group Inc. boosted its position in shares of DT Midstream by 5.9% during the 1st quarter. Vanguard Group Inc. now owns 11,174,965 shares of the company’s stock valued at $1,078,161,000 after acquiring an additional 621,183 shares during the last quarter. Tortoise Capital Advisors L.L.C. boosted its holdings in DT Midstream by 21.8% in the 1st quarter. Tortoise Capital Advisors L.L.C. now owns 1,582,833 shares of the company’s stock valued at $152,712,000 after purchasing an additional 282,870 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in DT Midstream by 11.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,236,800 shares of the company’s stock valued at $119,326,000 after purchasing an additional 131,138 shares during the last quarter. Northern Trust Corp grew its stake in shares of DT Midstream by 8.9% in the 1st quarter. Northern Trust Corp now owns 1,156,867 shares of the company’s stock valued at $111,615,000 after buying an additional 94,470 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of DT Midstream by 0.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,148,324 shares of the company’s stock worth $110,790,000 after buying an additional 5,218 shares during the last quarter. 81.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on DTM shares. Stifel Nicolaus upped their price objective on DT Midstream from $102.00 to $108.00 and gave the company a “buy” rating in a report on Friday, August 1st. Morgan Stanley upped their price target on DT Midstream from $113.00 to $118.00 and gave the company an “underweight” rating in a research note on Wednesday, August 6th. Wells Fargo & Company increased their price target on DT Midstream from $108.00 to $117.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Finally, Mizuho boosted their price objective on shares of DT Midstream from $105.00 to $108.00 and gave the company a “neutral” rating in a report on Friday, August 29th. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $110.67.

DT Midstream Trading Up 2.1%

DTM opened at $113.48 on Monday. DT Midstream, Inc. has a 52 week low of $76.91 and a 52 week high of $114.50. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.69. The business has a fifty day simple moving average of $104.30 and a 200-day simple moving average of $102.19. The firm has a market cap of $11.53 billion, a P/E ratio of 30.42, a P/E/G ratio of 2.48 and a beta of 0.77.

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

DT Midstream Announces Dividend

The firm 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. The ex-dividend date of this dividend is Monday, September 15th. This represents a $3.28 annualized dividend and a dividend yield of 2.9%. DT Midstream’s dividend payout ratio (DPR) is presently 87.94%.

Insider Buying and Selling at DT Midstream

In related news, VP Melissa Cox sold 4,755 shares of the company’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $104.47, for a total transaction of $496,754.85. Following the sale, the vice president directly owned 5,171 shares of the company’s stock, valued at $540,214.37. This represents a 47.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.34% of the company’s stock.

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.