DT Midstream, Inc. (NYSE:DTM) Shares Purchased by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC increased its holdings in DT Midstream, Inc. (NYSE:DTM) by 20.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,181 shares of the company’s stock after purchasing an additional 713 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in DT Midstream were worth $416,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of DTM. Wilmington Savings Fund Society FSB acquired a new position in shares of DT Midstream during the 3rd quarter worth approximately $29,000. AdvisorNet Financial Inc increased its holdings in DT Midstream by 106.7% in 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 raised its position in DT Midstream by 93.7% during the fourth 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 period. UMB Bank n.a. lifted its holdings in DT Midstream by 53.2% during the fourth quarter. UMB Bank n.a. now owns 481 shares of the company’s stock valued at $48,000 after purchasing an additional 167 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of DT Midstream in the fourth quarter valued at about $50,000. Hedge funds and other institutional investors own 81.53% of the company’s stock.

Insider Activity

In other DT Midstream news, Director Robert C. Skaggs, Jr. acquired 1,000 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were purchased 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 of the company’s stock, valued at approximately $3,359,718.76. The trade was a 2.66 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders bought a total of 1,170 shares of company stock valued at $103,357 in the last 90 days. Company insiders own 0.04% of the company’s stock.

DT Midstream Trading Down 3.3 %

Shares of DTM stock opened at $90.03 on Friday. 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 twelve month low of $61.01 and a twelve month high of $114.50. The company’s 50-day moving average price is $96.11 and its 200-day moving average price is $96.94. The stock has a market cap of $9.15 billion, a price-to-earnings ratio of 21.90 and a beta of 0.77.

DT Midstream Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 3.64%. This is a positive change from DT Midstream’s previous quarterly dividend of $0.74. The ex-dividend date is Monday, March 17th. DT Midstream’s payout ratio is presently 91.11%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on DTM shares. JPMorgan Chase & Co. upped their price target 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. Morgan Stanley raised their target price on DT Midstream from $92.00 to $105.00 and gave the company an “underweight” rating in a research report on Tuesday, March 25th. Raymond James lifted their price target on DT Midstream from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. US Capital Advisors raised DT Midstream from a “hold” rating to a “moderate buy” rating in a research note on Monday. Finally, Williams Trading set a $110.00 target price on shares of DT Midstream in a research note on Monday, March 24th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $105.08.

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.