Capital Fund Management S.A. Makes New Investment in DT Midstream, Inc. (NYSE:DTM)

Capital Fund Management S.A. acquired a new position in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 19,321 shares of the company's stock, valued at approximately $1,921,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Quantinno Capital Management LP acquired a new stake in shares of DT Midstream in the third quarter valued at $284,000. Wellington Management Group LLP lifted its position in shares of DT Midstream by 225.4% during the third quarter. Wellington Management Group LLP now owns 145,556 shares of the company's stock worth $11,449,000 after purchasing an additional 100,825 shares in the last quarter. MML Investors Services LLC purchased a new position in shares of DT Midstream in the third quarter valued at approximately $558,000. Public Employees Retirement System of Ohio grew its holdings in shares of DT Midstream by 12.1% in the third quarter. Public Employees Retirement System of Ohio now owns 42,629 shares of the company's stock valued at $3,353,000 after purchasing an additional 4,595 shares in the last quarter. Finally, Barclays PLC increased its stake in DT Midstream by 3.7% during the 3rd quarter. Barclays PLC now owns 283,363 shares of the company's stock worth $22,289,000 after buying an additional 10,074 shares during the period. Institutional investors and hedge funds own 81.53% of the company's stock.

Insider Buying and Selling at DT Midstream

In other DT Midstream news, Director Robert C. Skaggs, Jr. acquired 1,000 shares of the company's stock in a transaction dated Monday, March 10th. The stock was acquired at an average cost of $86.92 per share, with a total value of $86,920.00. Following the purchase, the director now directly owns 38,653 shares in the company, valued at approximately $3,359,718.76. This trade represents a 2.66 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 0.04% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Barclays cut their price objective on DT Midstream from $107.00 to $102.00 and set an "equal weight" rating on the stock in a research report on Friday, April 11th. Williams Trading set a $110.00 price target on shares of DT Midstream in a research note on Monday, March 24th. UBS Group increased their price objective on DT Midstream from $102.00 to $115.00 and gave the company a "buy" rating in a report on Thursday, March 27th. JPMorgan Chase & Co. lifted their price target on shares of DT Midstream from $109.00 to $115.00 and gave the stock a "neutral" rating in a research note on Friday, January 24th. Finally, Bank of America initiated coverage on DT Midstream in a research note on Monday, March 24th. They issued a "buy" rating and a $110.00 price objective for the company. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $104.67.

DT Midstream Price Performance

Shares of DTM traded up $1.28 during trading hours on Friday, reaching $96.84. The company had a trading volume of 887,944 shares, compared to its average volume of 850,241. The company has a market capitalization of $9.84 billion, a price-to-earnings ratio of 23.56 and a beta of 0.77. DT Midstream, Inc. has a 12-month low of $61.01 and a 12-month high of $114.50. The firm has a 50 day simple moving average of $95.41 and a 200-day simple moving average of $97.38. 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 Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 17th were issued a dividend of $0.82 per share. The ex-dividend date was Monday, March 17th. This is a boost from DT Midstream's previous quarterly dividend of $0.74. This represents a $3.28 annualized dividend and a yield of 3.39%. DT Midstream's payout ratio 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.