DT Midstream, Inc. (NYSE:DTM) Shares Sold by Focus Partners Wealth

Focus Partners Wealth reduced its stake in shares of DT Midstream, Inc. (NYSE:DTM) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 243,739 shares of the company’s stock after selling 2,328 shares during the period. Focus Partners Wealth owned about 0.25% of DT Midstream worth $24,242,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Ensign Peak Advisors Inc grew its holdings in DT Midstream by 1.0% during the 4th quarter. Ensign Peak Advisors Inc now owns 37,127 shares of the company’s stock worth $3,692,000 after acquiring an additional 385 shares in the last quarter. FORA Capital LLC boosted its holdings in shares of DT Midstream by 16.0% in the 4th quarter. FORA Capital LLC now owns 20,065 shares of the company’s stock valued at $1,995,000 after buying an additional 2,768 shares during the period. Clark Capital Management Group Inc. boosted its holdings in shares of DT Midstream by 32.7% in the 4th quarter. Clark Capital Management Group Inc. now owns 43,726 shares of the company’s stock valued at $4,348,000 after buying an additional 10,769 shares during the period. Deutsche Bank AG boosted its holdings in shares of DT Midstream by 5.5% in the 4th quarter. Deutsche Bank AG now owns 2,831,830 shares of the company’s stock valued at $281,569,000 after buying an additional 147,790 shares during the period. Finally, Eagle Global Advisors LLC boosted its holdings in shares of DT Midstream by 33.0% in the 4th quarter. Eagle Global Advisors LLC now owns 435,365 shares of the company’s stock valued at $43,288,000 after buying an additional 107,955 shares during the period. 81.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on DTM. Williams Trading set a $110.00 price target on shares of DT Midstream in a report on Monday, March 24th. UBS Group lifted their price target on shares of DT Midstream from $102.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, March 27th. JPMorgan Chase & Co. boosted their target price on shares of DT Midstream from $109.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. Barclays reduced their target price on shares of DT Midstream from $107.00 to $102.00 and set an “equal weight” rating for the company in a research note on Friday, April 11th. Finally, Wells Fargo & Company reduced their target price on shares of DT Midstream from $118.00 to $108.00 and set an “overweight” rating for the company in a research note on Friday, February 28th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, DT Midstream currently has an average rating of “Hold” and a consensus price target of $108.27.

Insider Activity at DT Midstream

In other news, Director Robert C. Skaggs, Jr. bought 1,000 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were acquired at an average cost of $86.92 per share, for a total transaction of $86,920.00. Following the purchase, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders have bought 1,235 shares of company stock worth $109,867. 0.34% of the stock is owned by insiders.

DT Midstream Stock Up 1.2%

DT Midstream stock opened at $101.28 on Monday. The firm has a market cap of $10.29 billion, a PE ratio of 24.64 and a beta of 0.77. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 0.95. The firm’s 50 day moving average price is $95.66 and its two-hundred day moving average price is $99.09. DT Midstream, Inc. has a twelve month low of $64.56 and a twelve month high of $114.50.

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

DT Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 16th will be paid a dividend of $0.82 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $3.28 annualized dividend and a dividend yield of 3.24%. DT Midstream’s dividend payout ratio (DPR) is 89.37%.

DT Midstream 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.