Hudson Value Partners LLC Sells 1,000 Shares of DT Midstream, Inc. $DTM

Hudson Value Partners LLC reduced its stake in DT Midstream, Inc. (NYSE:DTM) by 34.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,901 shares of the company’s stock after selling 1,000 shares during the period. Hudson Value Partners LLC’s holdings in DT Midstream were worth $209,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Ballentine Partners LLC boosted its holdings in DT Midstream by 4.2% in the second quarter. Ballentine Partners LLC now owns 2,604 shares of the company’s stock worth $286,000 after purchasing an additional 106 shares during the last quarter. Independent Advisor Alliance boosted its holdings in DT Midstream by 2.5% in the first 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. Geneos Wealth Management Inc. boosted its holdings in DT Midstream by 39.3% in the first quarter. Geneos Wealth Management Inc. now owns 436 shares of the company’s stock worth $42,000 after purchasing an additional 123 shares during the last quarter. Bessemer Group Inc. boosted its holdings in DT Midstream by 44.0% in the first 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. Finally, Applied Finance Capital Management LLC boosted its holdings in DT Midstream by 6.5% in the first 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.

Analyst Upgrades and Downgrades

DTM has been the topic of several research reports. Morgan Stanley raised their target price on shares of DT Midstream from $113.00 to $118.00 and gave the stock an “underweight” rating in a report on Wednesday, August 6th. Wells Fargo & Company raised their target price on shares of DT Midstream from $108.00 to $117.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. JPMorgan Chase & Co. raised their target price on shares of DT Midstream from $114.00 to $118.00 and gave the stock a “neutral” rating in a report on Monday. Mizuho lifted their price target on shares of DT Midstream from $105.00 to $108.00 and gave the stock a “neutral” rating in a research note on Friday, August 29th. Finally, Stifel Nicolaus lifted their price target on shares of DT Midstream from $102.00 to $108.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Six research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $110.92.

Insider Activity at DT Midstream

In other news, VP Melissa Cox sold 4,755 shares of the firm’s stock in a transaction 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 in the company, valued at $540,214.37. This trade represents a 47.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.34% of the stock is owned by insiders.

DT Midstream Trading Up 1.0%

Shares of DT Midstream stock opened at $114.16 on Thursday. The stock has a market capitalization of $11.60 billion, a PE ratio of 30.60, a P/E/G ratio of 2.47 and a beta of 0.78. DT Midstream, Inc. has a 1-year low of $77.93 and a 1-year high of $114.58. The company’s fifty day simple moving average is $105.13 and its 200-day simple moving average is $102.47. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.88 and a quick ratio of 0.88.

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

DT Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Monday, September 15th. DT Midstream’s dividend payout ratio (DPR) is presently 87.94%.

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.