Atria Wealth Solutions Inc. Has $563,000 Holdings in DT Midstream, Inc. $DTM

Atria Wealth Solutions Inc. cut its holdings in DT Midstream, Inc. (NYSE:DTM) by 28.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,102 shares of the company’s stock after selling 2,002 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in DT Midstream were worth $563,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of DTM. Wealth Enhancement Advisory Services LLC boosted its stake in DT Midstream by 6.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 12,642 shares of the company’s stock valued at $1,220,000 after buying an additional 812 shares in the last quarter. Janney Montgomery Scott LLC grew its position in DT Midstream by 59.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 16,848 shares of the company’s stock worth $1,626,000 after acquiring an additional 6,271 shares during the last quarter. Blue Trust Inc. grew its position in DT Midstream by 38.9% during the 1st quarter. Blue Trust Inc. now owns 1,547 shares of the company’s stock worth $149,000 after acquiring an additional 433 shares during the last quarter. Hudson Value Partners LLC bought a new stake in DT Midstream during the 1st quarter worth $280,000. Finally, Ausbil Investment Management Ltd bought a new stake in DT Midstream during the 1st quarter worth $4,431,000. 81.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity at DT Midstream

In related news, VP Melissa Cox sold 4,755 shares of the company’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 owned 5,171 shares in the company, valued at $540,214.37. This 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 the SEC website. 0.34% of the stock is currently owned by insiders.

DT Midstream Trading Down 0.6%

NYSE DTM opened at $108.96 on Monday. The business’s 50-day moving average price is $107.33 and its two-hundred day moving average price is $103.71. DT Midstream, Inc. has a 12 month low of $83.30 and a 12 month high of $115.80. The firm has a market capitalization of $11.07 billion, a PE ratio of 29.21, a price-to-earnings-growth ratio of 2.38 and a beta of 0.78. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.69.

DT Midstream (NYSE:DTM) last released its quarterly earnings results on Thursday, July 31st. The company reported $1.04 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 firm had revenue of $299.00 million for the quarter, compared to analyst estimates of $295.70 million. During the same quarter in the previous year, the company posted $0.98 EPS. DT Midstream has set its FY 2025 guidance at 4.050-4.450 EPS. On average, analysts expect that DT Midstream, Inc. will post 3.8 EPS for the current year.

DT Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 15th were given a dividend of $0.82 per share. The ex-dividend date was Monday, September 15th. This represents a $3.28 annualized dividend and a dividend yield of 3.0%. DT Midstream’s dividend payout ratio is presently 87.94%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Stifel Nicolaus set a $119.00 price objective on DT Midstream in a research report on Tuesday, October 14th. Morgan Stanley boosted their price objective on DT Midstream from $113.00 to $118.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 6th. Weiss Ratings restated a “buy (b)” rating on shares of DT Midstream in a research report on Wednesday, October 8th. UBS Group boosted their price objective on DT Midstream from $115.00 to $128.00 and gave the stock a “buy” rating in a research report on Friday, October 3rd. Finally, Mizuho boosted their price objective on DT Midstream from $105.00 to $108.00 and gave the stock a “neutral” rating in a research report on Friday, August 29th. Seven equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, DT Midstream has an average rating of “Hold” and a consensus target price of $115.08.

DT Midstream Company 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.