Kingsview Wealth Management LLC Acquires New Shares in DT Midstream, Inc. $DTM

Kingsview Wealth Management LLC acquired a new position in shares of DT Midstream, Inc. (NYSE:DTM) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,914 shares of the company’s stock, valued at approximately $210,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Citizens Financial Group Inc. RI raised its position in shares of DT Midstream by 6.8% during the second quarter. Citizens Financial Group Inc. RI now owns 2,419 shares of the company’s stock worth $266,000 after purchasing an additional 153 shares during the period. Intech Investment Management LLC raised its holdings in DT Midstream by 67.4% during the 2nd quarter. Intech Investment Management LLC now owns 120,664 shares of the company’s stock worth $13,262,000 after buying an additional 48,562 shares during the period. Cetera Investment Advisers raised its holdings in DT Midstream by 9.1% during the 2nd quarter. Cetera Investment Advisers now owns 50,237 shares of the company’s stock worth $5,522,000 after buying an additional 4,193 shares during the period. Creative Planning lifted its stake in DT Midstream by 2.4% in the second quarter. Creative Planning now owns 43,781 shares of the company’s stock valued at $4,812,000 after buying an additional 1,019 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of DT Midstream by 7.8% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 26,102 shares of the company’s stock valued at $2,869,000 after buying an additional 1,881 shares during the period. 81.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DTM. Mizuho raised their price objective on shares of DT Midstream from $105.00 to $108.00 and gave the stock a “neutral” rating in a report on Friday, August 29th. Citigroup increased their target price on DT Midstream from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Stifel Nicolaus lifted their price target on DT Midstream from $119.00 to $121.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Jefferies Financial Group initiated coverage on DT Midstream in a research report on Monday, November 3rd. They set a “buy” rating and a $125.00 price objective for the company. Finally, Wells Fargo & Company increased their price objective on DT Midstream from $108.00 to $117.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Eight analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $117.46.

DT Midstream Trading Up 0.6%

Shares of NYSE:DTM opened at $117.03 on Monday. The company’s 50-day moving average price is $111.13 and its two-hundred day moving average price is $106.60. DT Midstream, Inc. has a one year low of $83.30 and a one year high of $118.81. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market capitalization of $11.90 billion, a PE ratio of 29.55, a price-to-earnings-growth ratio of 2.28 and a beta of 0.77.

DT Midstream (NYSE:DTM) last released its earnings results on Thursday, October 30th. The company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.10. DT Midstream had a return on equity of 8.83% and a net margin of 34.30%.The business had revenue of $314.00 million for the quarter, compared to the consensus estimate of $309.21 million. 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. On average, equities analysts forecast that DT Midstream, Inc. will post 3.8 EPS for the current fiscal year.

DT Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, December 15th will be given a dividend of $0.82 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $3.28 annualized dividend and a dividend yield of 2.8%. DT Midstream’s payout ratio is 82.83%.

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.