DT Midstream, Inc. (NYSE:DTM) Shares Purchased by FORA Capital LLC

FORA Capital LLC lifted its position in DT Midstream, Inc. (NYSE:DTM) by 16.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,065 shares of the company’s stock after buying an additional 2,768 shares during the period. FORA Capital LLC’s holdings in DT Midstream were worth $1,995,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of DTM. Wilmington Savings Fund Society FSB bought a new position in shares of DT Midstream during the 3rd quarter valued at about $29,000. Bessemer Group Inc. increased its holdings in shares of DT Midstream by 61.6% in the fourth quarter. Bessemer Group Inc. now owns 307 shares of the company’s stock valued at $30,000 after buying an additional 117 shares in the last quarter. AdvisorNet Financial Inc boosted its stake in shares of DT Midstream by 106.7% during the 4th quarter. AdvisorNet Financial Inc now owns 310 shares of the company’s stock worth $31,000 after acquiring an additional 160 shares in the last quarter. Sound Income Strategies LLC grew its holdings in shares of DT Midstream by 93.7% in the 4th quarter. Sound Income Strategies LLC now owns 337 shares of the company’s stock worth $34,000 after acquiring an additional 163 shares during the last quarter. Finally, UMB Bank n.a. raised its position in shares of 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. Institutional investors and hedge funds own 81.53% of the company’s stock.

Insider Buying and Selling at DT Midstream

In other DT Midstream news, Director Robert C. Skaggs, Jr. acquired 1,000 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was bought at an average cost of $86.92 per share, with a total value of $86,920.00. Following the completion of the transaction, the director now directly owns 38,653 shares in the company, valued at approximately $3,359,718.76. This represents a 2.66 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.34% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on DTM shares. Raymond James boosted their price objective on DT Midstream from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. UBS Group increased their target price on shares of DT Midstream from $102.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, March 27th. Morgan Stanley lifted their target price on shares of DT Midstream from $92.00 to $105.00 and gave the stock an “underweight” rating in a report on Tuesday, March 25th. Williams Trading set a $110.00 price objective on DT Midstream in a research report on Monday, March 24th. Finally, JPMorgan Chase & Co. lifted their price target on DT Midstream from $109.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, DT Midstream has an average rating of “Hold” and an average price target of $108.27.

DT Midstream Stock Down 1.1 %

Shares of DTM opened at $100.27 on Friday. The business’s 50 day simple moving average is $95.50 and its 200-day simple moving average is $98.83. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market capitalization of $10.19 billion, a P/E ratio of 24.40 and a beta of 0.77. DT Midstream, Inc. has a one year low of $63.87 and a one year high of $114.50.

DT Midstream (NYSE:DTM) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.01). DT Midstream had a net margin of 41.19% and a return on equity of 9.31%. The business had revenue of $288.81 million during the quarter, compared to the consensus estimate of $285.48 million. During the same period in the previous year, the business posted $0.99 earnings per share. As a group, sell-side analysts predict that DT Midstream, Inc. will post 3.8 EPS for the current fiscal year.

DT Midstream Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 16th will be given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend is Monday, June 16th. DT Midstream’s dividend payout ratio is currently 89.37%.

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.