V Square Quantitative Management LLC Sells 125 Shares of DT Midstream, Inc. $DTM

V Square Quantitative Management LLC lowered its stake in shares of DT Midstream, Inc. (NYSE:DTM) by 34.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 238 shares of the company’s stock after selling 125 shares during the quarter. V Square Quantitative Management LLC’s holdings in DT Midstream were worth $26,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of DTM. Wealth Enhancement Advisory Services LLC boosted its holdings in DT Midstream by 26.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 11,830 shares of the company’s stock valued at $1,176,000 after acquiring an additional 2,510 shares during the period. Versant Capital Management Inc boosted its holdings in DT Midstream by 130.2% during the 1st quarter. Versant Capital Management Inc now owns 488 shares of the company’s stock valued at $47,000 after acquiring an additional 276 shares during the period. Rhumbline Advisers boosted its holdings in DT Midstream by 2.2% during the 1st quarter. Rhumbline Advisers now owns 290,646 shares of the company’s stock valued at $28,041,000 after acquiring an additional 6,118 shares during the period. Merit Financial Group LLC boosted its holdings in DT Midstream by 15.1% during the 1st quarter. Merit Financial Group LLC now owns 5,308 shares of the company’s stock valued at $512,000 after acquiring an additional 697 shares during the period. Finally, Secure Asset Management LLC boosted its holdings in DT Midstream by 6.8% during the 1st quarter. Secure Asset Management LLC now owns 2,470 shares of the company’s stock valued at $238,000 after acquiring an additional 157 shares during the period. Hedge funds and other institutional investors own 81.53% of the company’s stock.

Wall Street Analysts Forecast Growth

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

DT Midstream Stock Down 0.6%

Shares of DTM stock opened at $113.39 on Friday. The stock’s 50-day simple moving average is $105.39 and its 200-day simple moving average is $102.58. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market capitalization of $11.52 billion, a PE ratio of 30.40, a P/E/G ratio of 2.49 and a beta of 0.78. DT Midstream, Inc. has a fifty-two week low of $81.10 and a fifty-two week high of $115.35.

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 business had revenue of $299.00 million for the quarter, compared to analyst estimates 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 prior year, the company earned $0.98 earnings per share. DT Midstream has set its FY 2025 guidance at 4.050-4.450 EPS. Equities analysts expect that DT Midstream, Inc. will post 3.8 earnings per share for the current year.

DT Midstream Announces Dividend

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

Insider Buying and Selling

In related news, VP Melissa Cox sold 4,755 shares of the firm’s stock in a transaction dated Monday, August 11th. The stock was 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 trade represents a 47.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.34% of the stock is currently owned by company insiders.

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.