Pacer Advisors Inc. Increases Holdings in DT Midstream, Inc. $DTM

Pacer Advisors Inc. boosted its position in DT Midstream, Inc. (NYSE:DTM) by 12.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 255,274 shares of the company’s stock after purchasing an additional 28,087 shares during the period. Pacer Advisors Inc.’s holdings in DT Midstream were worth $28,861,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of DT Midstream by 1.6% in the second quarter. Vanguard Group Inc. now owns 11,351,778 shares of the company’s stock valued at $1,247,674,000 after buying an additional 176,813 shares in the last quarter. 59 North Capital Management LP acquired a new stake in DT Midstream in the 2nd quarter valued at about $226,757,000. Invesco Ltd. increased its holdings in DT Midstream by 15.4% during the 2nd quarter. Invesco Ltd. now owns 1,664,052 shares of the company’s stock valued at $182,896,000 after acquiring an additional 222,586 shares in the last quarter. Norges Bank purchased a new position in DT Midstream during the 2nd quarter valued at about $143,743,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in DT Midstream by 11.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,236,800 shares of the company’s stock worth $119,326,000 after acquiring an additional 131,138 shares during the last quarter. 81.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on DTM shares. Stifel Nicolaus increased their price target on shares of DT Midstream from $119.00 to $121.00 and gave the company a “buy” rating in a research report on Friday, October 31st. UBS Group increased their target price on DT Midstream from $115.00 to $128.00 and gave the company a “buy” rating in a report on Friday, October 3rd. Wells Fargo & Company raised their price target on DT Midstream from $121.00 to $133.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 17th. Citigroup boosted their price target on DT Midstream from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of DT Midstream in a research note on Wednesday, October 8th. Eight investment 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $123.25.

DT Midstream Trading Up 0.0%

Shares of DTM opened at $120.55 on Friday. DT Midstream, Inc. has a fifty-two week low of $83.30 and a fifty-two week high of $122.70. The company has a market capitalization of $12.26 billion, a PE ratio of 30.44, a price-to-earnings-growth ratio of 2.32 and a beta of 0.76. The stock has a fifty day moving average of $115.53 and a two-hundred day moving average of $109.23. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.92 and a current ratio of 0.92.

DT Midstream (NYSE:DTM) last announced its quarterly earnings data on Thursday, October 30th. The company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.10. The business had revenue of $314.00 million during the quarter, compared to the consensus estimate 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 in the previous year, the business earned $0.90 earnings per share. DT Midstream has set its FY 2025 guidance at 4.150-4.450 EPS. As a group, analysts forecast that DT Midstream, Inc. will post 3.8 EPS for the current year.

DT Midstream Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be paid a dividend of $0.82 per share. The ex-dividend date of this dividend 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 is currently 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.