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

FORA Capital LLC raised its holdings in shares of DT Midstream, Inc. (NYSE:DTM) by 31.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,297 shares of the company’s stock after purchasing an additional 4,186 shares during the quarter. FORA Capital LLC’s holdings in DT Midstream were worth $1,361,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Atria Investments Inc acquired a new stake in DT Midstream during the 3rd quarter valued at approximately $666,000. Cetera Investment Advisers lifted its holdings in DT Midstream by 1,223.2% during the 1st quarter. Cetera Investment Advisers now owns 54,107 shares of the company’s stock worth $3,306,000 after buying an additional 50,018 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in DT Midstream by 15.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 121,876 shares of the company’s stock worth $8,657,000 after buying an additional 16,171 shares during the last quarter. GSA Capital Partners LLP lifted its holdings in DT Midstream by 31.9% during the 3rd quarter. GSA Capital Partners LLP now owns 27,209 shares of the company’s stock worth $2,140,000 after buying an additional 6,575 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in DT Midstream by 151.8% during the 3rd quarter. Victory Capital Management Inc. now owns 113,374 shares of the company’s stock worth $8,918,000 after buying an additional 68,350 shares during the last quarter. Institutional investors and hedge funds own 81.53% of the company’s stock.

DT Midstream Stock Down 0.9 %

Shares of DT Midstream stock opened at $105.82 on Thursday. The business’s fifty day moving average price is $89.51 and its two-hundred day moving average price is $77.96. 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 $10.28 billion, a P/E ratio of 25.75 and a beta of 0.71. DT Midstream, Inc. has a 1-year low of $51.17 and a 1-year high of $109.85.

DT Midstream (NYSE:DTM) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.05). DT Midstream had a net margin of 41.19% and a return on equity of 9.31%. The firm had revenue of $248.00 million for the quarter, compared to analyst estimates of $242.64 million. During the same quarter last year, the business posted $0.94 earnings per share. As a group, research analysts forecast that DT Midstream, Inc. will post 3.96 EPS for the current year.

DT Midstream Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th will be given a dividend of $0.735 per share. This represents a $2.94 annualized dividend and a dividend yield of 2.78%. The ex-dividend date is Monday, December 16th. DT Midstream’s dividend payout ratio (DPR) is presently 71.53%.

Analysts Set New Price Targets

A number of research analysts have commented on DTM shares. Wells Fargo & Company increased their target price on DT Midstream from $87.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. The Goldman Sachs Group raised their price target on DT Midstream from $66.00 to $74.00 and gave the stock a “sell” rating in a report on Tuesday, November 5th. Citigroup raised DT Midstream from a “neutral” rating to a “buy” rating and raised their price target for the stock from $90.00 to $115.00 in a report on Thursday, November 21st. Stifel Nicolaus downgraded DT Midstream from a “buy” rating to a “hold” rating and raised their price target for the stock from $78.00 to $89.00 in a report on Wednesday, October 30th. Finally, Morgan Stanley raised their price target on DT Midstream from $82.00 to $92.00 and gave the stock an “underweight” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $84.78.

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.