DT Midstream, Inc. (NYSE:DTM) Shares Acquired by Two Sigma Advisers LP

Two Sigma Advisers LP boosted its position in shares of DT Midstream, Inc. (NYSE:DTM) by 101.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 168,600 shares of the company’s stock after buying an additional 84,800 shares during the quarter. Two Sigma Advisers LP owned 0.17% of DT Midstream worth $16,764,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Tidal Investments LLC grew its stake in shares of DT Midstream by 193.5% in the 4th quarter. Tidal Investments LLC now owns 15,133 shares of the company’s stock worth $1,505,000 after purchasing an additional 9,977 shares during the last quarter. Stonebrook Private Inc. bought a new stake in DT Midstream during the fourth quarter worth approximately $209,000. Snowden Capital Advisors LLC acquired a new position in DT Midstream in the fourth quarter worth approximately $214,000. Rafferty Asset Management LLC bought a new position in shares of DT Midstream in the fourth quarter valued at $221,000. Finally, Recurrent Investment Advisors LLC increased its holdings in shares of DT Midstream by 3.6% in the fourth quarter. Recurrent Investment Advisors LLC now owns 339,529 shares of the company’s stock valued at $33,759,000 after buying an additional 11,670 shares in the last quarter. 81.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DTM. Williams Trading set a $110.00 target price on DT Midstream in a report on Monday, March 24th. Morgan Stanley lifted their price target on DT Midstream from $92.00 to $105.00 and gave the stock an “underweight” rating in a research note on Tuesday, March 25th. Raymond James upped their price objective on shares of DT Midstream from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. JPMorgan Chase & Co. lifted their target price on shares of DT Midstream from $109.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. Finally, US Capital Advisors downgraded shares of DT Midstream from a “moderate buy” rating to a “hold” rating in a research report on Monday, April 28th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $108.36.

DT Midstream Stock Down 2.0%

DTM stock opened at $102.48 on Thursday. The company has a 50 day moving average of $97.51 and a two-hundred day moving average of $99.71. The company has a market cap of $10.41 billion, a price-to-earnings ratio of 24.94 and a beta of 0.77. DT Midstream, Inc. has a 12-month low of $65.43 and a 12-month high of $114.50. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.61.

DT Midstream (NYSE:DTM) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates 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 return on equity of 9.31% and a net margin of 41.19%. During the same period last year, the company posted $0.99 earnings per share. 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 Tuesday, July 15th. Stockholders of record on Monday, June 16th will be issued 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 3.20%. DT Midstream’s dividend payout ratio is 89.37%.

Insider Activity at DT Midstream

In other DT Midstream news, Director Robert C. Skaggs, Jr. bought 1,000 shares of DT Midstream stock in a transaction on Monday, March 10th. The stock was purchased at an average cost of $86.92 per share, for a total transaction of $86,920.00. Following the completion of the purchase, the director now directly owns 38,653 shares of the company’s stock, valued at $3,359,718.76. The trade was a 2.66% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders bought 1,235 shares of company stock valued at $109,867. 0.34% of the stock is owned by corporate insiders.

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.