DT Midstream, Inc. (NYSE:DTM) Position Raised by Xponance Inc.

Xponance Inc. raised its position in shares of DT Midstream, Inc. (NYSE:DTM) by 13.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,892 shares of the company’s stock after purchasing an additional 1,425 shares during the quarter. Xponance Inc.’s holdings in DT Midstream were worth $1,182,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of DTM. State Street Corp boosted its stake in DT Midstream by 6.4% during the third quarter. State Street Corp now owns 3,385,579 shares of the company’s stock valued at $268,757,000 after buying an additional 202,447 shares in the last quarter. Geode Capital Management LLC lifted its holdings in DT Midstream by 4.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,066,278 shares of the company’s stock valued at $162,567,000 after acquiring an additional 85,462 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of DT Midstream by 30.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,156,598 shares of the company’s stock valued at $90,978,000 after purchasing an additional 267,269 shares in the last quarter. Brookfield Corp ON boosted its position in shares of DT Midstream by 171.3% during the 3rd quarter. Brookfield Corp ON now owns 1,038,501 shares of the company’s stock valued at $81,689,000 after purchasing an additional 655,695 shares in the last quarter. Finally, Reaves W H & Co. Inc. grew its stake in shares of DT Midstream by 8.2% in the 4th quarter. Reaves W H & Co. Inc. now owns 981,879 shares of the company’s stock worth $97,628,000 after purchasing an additional 74,329 shares during the last quarter. 81.53% of the stock is currently owned by institutional investors and hedge funds.

DT Midstream Trading Down 2.4 %

Shares of NYSE DTM opened at $96.88 on Monday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61. DT Midstream, Inc. has a one year low of $59.00 and a one year high of $114.50. The business has a 50-day moving average price of $100.10 and a two-hundred day moving average price of $95.22. The firm has a market capitalization of $9.84 billion, a PE ratio of 23.57 and a beta of 0.80.

DT Midstream Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 17th will be issued a dividend of $0.82 per share. This is a boost from DT Midstream’s previous quarterly dividend of $0.74. This represents a $3.28 annualized dividend and a dividend yield of 3.39%. The ex-dividend date is Monday, March 17th. DT Midstream’s dividend payout ratio (DPR) is currently 91.11%.

Insider Activity at DT Midstream

In other news, Director Robert C. Skaggs, Jr. acquired 1,000 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The stock was acquired at an average cost of $86.92 per share, for a total transaction of $86,920.00. Following the completion of the acquisition, the director now owns 38,653 shares in the company, valued at approximately $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 hyperlink. Over the last three months, insiders have purchased 1,170 shares of company stock valued at $103,357. Corporate insiders own 0.04% of the company’s stock.

Wall Street Analysts Forecast Growth

DTM has been the subject of several recent research reports. Raymond James increased their target price 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. Barclays cut their price objective on DT Midstream from $112.00 to $107.00 and set an “equal weight” rating for the company in a research report on Friday. Stifel Nicolaus decreased their target price on DT Midstream from $106.00 to $102.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. JPMorgan Chase & Co. upped their target price on DT Midstream from $109.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, January 24th. Finally, UBS Group assumed coverage on DT Midstream in a research note on Wednesday, March 12th. They issued a “buy” rating and a $102.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, DT Midstream currently has an average rating of “Hold” and an average target price of $101.50.

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.