Impact Capital Partners LLC Buys New Stake in DT Midstream, Inc. (NYSE:DTM)

Impact Capital Partners LLC acquired a new position in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,010 shares of the company's stock, valued at approximately $399,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DTM. FMR LLC grew its holdings in shares of DT Midstream by 1,476.9% during the third quarter. FMR LLC now owns 805,950 shares of the company's stock worth $63,396,000 after buying an additional 754,839 shares during the last quarter. Brookfield Corp ON grew its holdings in shares of DT Midstream by 171.3% during the third quarter. Brookfield Corp ON now owns 1,038,501 shares of the company's stock worth $81,689,000 after buying an additional 655,695 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of DT Midstream by 30.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,156,598 shares of the company's stock worth $90,978,000 after buying an additional 267,269 shares during the last quarter. Bahl & Gaynor Inc. purchased a new position in shares of DT Midstream during the fourth quarter worth about $21,475,000. Finally, State Street Corp grew its holdings in shares of DT Midstream by 6.4% during the third quarter. State Street Corp now owns 3,385,579 shares of the company's stock worth $268,757,000 after buying an additional 202,447 shares during the last quarter. Hedge funds and other institutional investors own 81.53% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on DTM shares. Wells Fargo & Company lowered their price target on DT Midstream from $118.00 to $108.00 and set an "overweight" rating on the stock in a report on Friday, February 28th. The Goldman Sachs Group raised their price objective on shares of DT Midstream from $74.00 to $94.00 and gave the company a "sell" rating in a research report on Thursday, December 19th. Stifel Nicolaus reduced their price objective on shares of DT Midstream from $106.00 to $102.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. JPMorgan Chase & Co. raised their price objective on shares of DT Midstream from $109.00 to $115.00 and gave the company a "neutral" rating in a research report on Friday, January 24th. Finally, Barclays initiated coverage on shares of DT Midstream in a research report on Friday, January 10th. They issued an "equal weight" rating and a $112.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $102.00.

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DT Midstream Price Performance

Shares of NYSE:DTM traded down $0.81 during trading on Tuesday, hitting $95.98. 851,917 shares of the stock were exchanged, compared to its average volume of 1,101,254. The company has a fifty day moving average price of $100.66 and a two-hundred day moving average price of $94.65. The company has a market cap of $9.73 billion, a PE ratio of 23.35 and a beta of 0.80. 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 12-month low of $57.50 and a 12-month high of $114.50.

DT Midstream Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be paid a dividend of $0.82 per share. This is a positive change from DT Midstream's previous quarterly dividend of $0.74. The ex-dividend date of this dividend is Monday, March 17th. This represents a $3.28 annualized dividend and a dividend yield of 3.42%. DT Midstream's payout ratio is 91.11%.

Insider Transactions at DT Midstream

In other news, Director Robert C. Skaggs, Jr. purchased 1,000 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were acquired at an average price of $86.92 per share, with a total value of $86,920.00. Following the purchase, the director now directly owns 38,653 shares of the company's stock, valued at $3,359,718.76. The trade was a 2.66 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders have bought 1,170 shares of company stock valued at $103,357 in the last quarter. 0.04% of the stock is currently owned by corporate insiders.

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.