DT Midstream, Inc. $DTM Shares Purchased by UMB Bank n.a.

UMB Bank n.a. boosted its stake in shares of DT Midstream, Inc. (NYSE:DTM) by 52.1% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,100 shares of the company’s stock after purchasing an additional 377 shares during the quarter. UMB Bank n.a.’s holdings in DT Midstream were worth $121,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ballentine Partners LLC boosted 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 valued at $241,000 after acquiring an additional 114 shares during the last quarter. Independent Advisor Alliance grew its stake in shares of DT Midstream by 2.5% in the 1st quarter. Independent Advisor Alliance now owns 4,713 shares of the company’s stock valued at $455,000 after buying an additional 117 shares during the period. Geneos Wealth Management Inc. increased its holdings in shares of DT Midstream by 39.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 436 shares of the company’s stock worth $42,000 after buying an additional 123 shares during the last quarter. Bessemer Group Inc. raised 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 valued at $43,000 after buying an additional 135 shares during the period. Finally, Applied Finance Capital Management LLC lifted 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 valued at $233,000 after acquiring an additional 147 shares during the last quarter. 81.53% of the stock is owned by institutional investors and hedge funds.

DT Midstream Stock Up 0.0%

Shares of DTM opened at $110.49 on Thursday. The company’s 50-day simple moving average is $103.95 and its 200-day simple moving average is $101.74. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.88 and a current ratio of 0.88. DT Midstream, Inc. has a 1 year low of $76.91 and a 1 year high of $114.50. The stock has a market capitalization of $11.22 billion, a PE ratio of 29.62, a P/E/G ratio of 2.41 and a beta of 0.77.

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

DT Midstream Dividend Announcement

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 3.0%. The ex-dividend date is Monday, September 15th. DT Midstream’s dividend payout ratio (DPR) is presently 87.94%.

Analyst Upgrades and Downgrades

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

Insider Transactions at DT Midstream

In related news, VP Melissa Cox sold 4,755 shares of the business’s stock in a transaction on Monday, August 11th. The stock was sold at an average price of $104.47, for a total transaction of $496,754.85. Following the completion of the transaction, the vice president directly owned 5,171 shares of the company’s stock, valued at $540,214.37. The trade was a 47.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available 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.