DT Midstream, Inc. (NYSE:DTM) Shares Sold by Shelton Capital Management

Shelton Capital Management lowered its holdings in DT Midstream, Inc. (NYSE:DTM) by 4.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,659 shares of the company’s stock after selling 152 shares during the period. Shelton Capital Management’s holdings in DT Midstream were worth $364,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in DTM. AdvisorNet Financial Inc grew its holdings in DT Midstream by 106.7% in the 4th quarter. AdvisorNet Financial Inc now owns 310 shares of the company’s stock valued at $31,000 after buying an additional 160 shares during the period. Sound Income Strategies LLC grew its holdings in DT Midstream by 93.7% in the fourth quarter. Sound Income Strategies LLC now owns 337 shares of the company’s stock valued at $34,000 after purchasing an additional 163 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in DT Midstream during the third quarter worth approximately $29,000. UMB Bank n.a. raised its stake in DT Midstream by 53.2% during the fourth quarter. UMB Bank n.a. now owns 481 shares of the company’s stock worth $48,000 after purchasing an additional 167 shares during the period. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of DT Midstream in the 4th quarter valued at $50,000. 81.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at DT Midstream

In related news, Director Robert C. Skaggs, Jr. purchased 1,000 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was acquired at an average price of $86.92 per share, with a total value of $86,920.00. Following the completion of the transaction, the director now owns 38,653 shares of the company’s stock, valued at $3,359,718.76. This represents a 2.66 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders have acquired 1,170 shares of company stock valued at $103,357. 0.04% of the stock is currently owned by insiders.

DT Midstream Price Performance

DTM opened at $90.03 on Friday. DT Midstream, Inc. has a twelve month low of $61.01 and a twelve month high of $114.50. The firm has a market cap of $9.15 billion, a price-to-earnings ratio of 21.90 and a beta of 0.77. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61. The company has a fifty day simple moving average of $96.11 and a 200 day simple moving average of $96.94.

DT Midstream Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be paid a dividend of $0.82 per share. The ex-dividend date is Monday, March 17th. This is an increase from DT Midstream’s previous quarterly dividend of $0.74. This represents a $3.28 annualized dividend and a dividend yield of 3.64%. DT Midstream’s dividend payout ratio (DPR) is currently 91.11%.

Analyst Ratings Changes

A number of research firms have recently commented on DTM. JPMorgan Chase & Co. upped their price objective on DT Midstream from $109.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, January 24th. Williams Trading set a $110.00 price objective on DT Midstream in a report on Monday, March 24th. US Capital Advisors raised DT Midstream from a “hold” rating to a “moderate buy” rating in a research note on Monday. Stifel Nicolaus dropped their target price on shares of DT Midstream from $106.00 to $102.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Finally, The Goldman Sachs Group lifted their price target on shares of DT Midstream from $74.00 to $94.00 and gave the company a “sell” rating in a research report on Thursday, December 19th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $105.08.

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.