Inspire Investing LLC Invests $892,000 in DT Midstream, Inc. $DTM

Inspire Investing LLC acquired a new position in shares of DT Midstream, Inc. (NYSE:DTM) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,112 shares of the company’s stock, valued at approximately $892,000.

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Weiss Ratings restated a “buy (b)” rating on shares of DT Midstream in a research note on Wednesday. Mizuho raised their price target on DT Midstream from $105.00 to $108.00 and gave the company a “neutral” rating in a research note on Friday, August 29th. Morgan Stanley raised 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. Barclays raised their price target on DT Midstream from $103.00 to $114.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, Citigroup raised their price target on DT Midstream from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday. Seven investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $114.17.

DT Midstream Stock Performance

DTM opened at $109.66 on Friday. DT Midstream, Inc. has a 12-month low of $83.30 and a 12-month high of $115.80. The stock has a market cap of $11.14 billion, a price-to-earnings ratio of 29.40, a PEG ratio of 2.39 and a beta of 0.78. The business has a 50 day moving average of $106.76 and a 200-day moving average of $103.21. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.69.

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

DT Midstream Announces Dividend

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

Insiders Place Their Bets

In related news, VP Melissa Cox sold 4,755 shares of DT Midstream stock in a transaction that occurred 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 sale, the vice president directly owned 5,171 shares of the company’s stock, valued at approximately $540,214.37. This trade represents a 47.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.34% of the company’s stock.

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.