Vestmark Advisory Solutions Inc. Purchases 627 Shares of DT Midstream, Inc. (NYSE:DTM)

Vestmark Advisory Solutions Inc. lifted its holdings in DT Midstream, Inc. (NYSE:DTM) by 24.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,214 shares of the company’s stock after purchasing an additional 627 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in DT Midstream were worth $320,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp grew its stake in shares of DT Midstream by 18.6% during the 3rd quarter. Van ECK Associates Corp now owns 33,239 shares of the company’s stock valued at $2,898,000 after acquiring an additional 5,208 shares during the period. Asset Management One Co. Ltd. increased its stake in shares of DT Midstream by 5.1% in the third quarter. Asset Management One Co. Ltd. now owns 9,719 shares of the company’s stock worth $764,000 after purchasing an additional 470 shares in the last quarter. CWA Asset Management Group LLC bought a new stake in shares of DT Midstream during the 3rd quarter valued at $372,000. Lindbrook Capital LLC lifted its stake in shares of DT Midstream by 49.9% during the 3rd quarter. Lindbrook Capital LLC now owns 13,556 shares of the company’s stock valued at $1,066,000 after buying an additional 4,510 shares in the last quarter. Finally, Atria Investments Inc bought a new position in DT Midstream in the 3rd quarter worth $666,000. Hedge funds and other institutional investors own 81.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on DTM. Barclays initiated coverage on DT Midstream in a report on Friday, January 10th. They set an “equal weight” rating and a $112.00 price target on the stock. Citigroup raised DT Midstream from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $90.00 to $115.00 in a report on Thursday, November 21st. Wells Fargo & Company cut their price objective on shares of DT Midstream from $118.00 to $108.00 and set an “overweight” rating for the company in a report on Friday, February 28th. Stifel Nicolaus lowered their target price on shares of DT Midstream from $106.00 to $102.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Finally, Raymond James raised 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. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $102.00.

DT Midstream Price Performance

DTM stock opened at $88.16 on Monday. DT Midstream, Inc. has a 52 week low of $57.16 and a 52 week high of $114.50. The firm has a market capitalization of $8.94 billion, a P/E ratio of 21.45 and a beta of 0.80. The company has a fifty day simple moving average of $101.68 and a two-hundred day simple moving average of $93.97. 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 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 given a $0.82 dividend. The ex-dividend date is Monday, March 17th. This represents a $3.28 annualized dividend and a yield of 3.72%. This is a positive change from DT Midstream’s previous quarterly dividend of $0.74. DT Midstream’s dividend payout ratio (DPR) is currently 91.11%.

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.