DT Midstream, Inc. $DTM Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC cut its holdings in DT Midstream, Inc. (NYSE:DTM) by 21.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 122,045 shares of the company’s stock after selling 34,089 shares during the quarter. Voya Investment Management LLC’s holdings in DT Midstream were worth $13,798,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in DTM. Ausbil Investment Management Ltd bought a new stake in shares of DT Midstream in the 3rd quarter worth approximately $2,546,000. Quantum Financial Advisors LLC bought a new position in shares of DT Midstream in the third quarter valued at $217,000. GAMMA Investing LLC boosted its stake in shares of DT Midstream by 5.6% during the 3rd quarter. GAMMA Investing LLC now owns 4,704 shares of the company’s stock worth $532,000 after acquiring an additional 251 shares in the last quarter. Texas Permanent School Fund Corp boosted its stake in shares of DT Midstream by 6.1% during the 2nd quarter. Texas Permanent School Fund Corp now owns 139,694 shares of the company’s stock worth $15,354,000 after acquiring an additional 8,048 shares in the last quarter. Finally, Osaic Holdings Inc. grew its holdings in shares of DT Midstream by 18.3% in the 2nd quarter. Osaic Holdings Inc. now owns 37,896 shares of the company’s stock worth $4,096,000 after acquiring an additional 5,853 shares during the last quarter. Institutional investors own 81.53% of the company’s stock.

DT Midstream Stock Up 1.2%

DTM stock opened at $119.39 on Tuesday. The company has a 50 day moving average of $114.69 and a two-hundred day moving average of $108.88. The company has a market cap of $12.14 billion, a price-to-earnings ratio of 30.15, a PEG ratio of 2.27 and a beta of 0.76. DT Midstream, Inc. has a 12-month low of $83.30 and a 12-month high of $122.70. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.69.

DT Midstream (NYSE:DTM) last posted its quarterly earnings results on Thursday, October 30th. The company reported $1.13 EPS for the quarter, beating the consensus estimate of $1.03 by $0.10. DT Midstream had a net margin of 34.30% and a return on equity of 8.83%. The business had revenue of $314.00 million for the quarter, compared to analysts’ expectations of $309.21 million. During the same period in the previous year, the company posted $0.90 EPS. DT Midstream has set its FY 2025 guidance at 4.150-4.450 EPS. On average, equities analysts anticipate that DT Midstream, Inc. will post 3.8 earnings per share for the current fiscal year.

DT Midstream Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, December 15th will be paid a $0.82 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $3.28 annualized dividend and a dividend yield of 2.7%. DT Midstream’s payout ratio is presently 82.83%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on DTM shares. Jefferies Financial Group assumed coverage on DT Midstream in a research note on Monday, November 3rd. They issued a “buy” rating and a $125.00 price target on the stock. Bank of America lifted their target price on shares of DT Midstream from $118.00 to $132.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. Morgan Stanley upped their price target on shares of DT Midstream from $126.00 to $137.00 and gave the company an “underweight” rating in a research report on Wednesday, November 12th. Wells Fargo & Company lifted their price objective on shares of DT Midstream from $121.00 to $133.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 17th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of DT Midstream in a report on Wednesday, October 8th. Eight research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.25.

DT Midstream Company Profile

DT Midstream Inc (NYSE: DTM) is a midstream energy company that owns and operates infrastructure for gathering, processing and treating hydrocarbons and produced water. Its core business activities encompass natural gas gathering, cryogenic processing, natural gas liquids (NGL) fractionation, and produced-water handling services. These integrated operations enable the company to capture and transport multiple hydrocarbon streams from wellhead to market and to provide essential water management solutions.

The company’s asset footprint is concentrated in the Delaware Basin in West Texas and southeastern New Mexico, where it serves a diverse range of exploration and production customers.