Versor Investments LP Buys New Holdings in DT Midstream, Inc. (NYSE:DTM)

Versor Investments LP acquired a new position in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,100 shares of the company's stock, valued at approximately $607,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP boosted its stake in DT Midstream by 225.4% in the third quarter. Wellington Management Group LLP now owns 145,556 shares of the company's stock worth $11,449,000 after buying an additional 100,825 shares in the last quarter. Friedenthal Financial purchased a new stake in shares of DT Midstream during the fourth quarter valued at approximately $764,000. Atria Investments Inc purchased a new stake in shares of DT Midstream during the third quarter valued at approximately $666,000. Bridgewater Associates LP boosted its stake in shares of DT Midstream by 57.6% during the third quarter. Bridgewater Associates LP now owns 185,306 shares of the company's stock valued at $14,576,000 after purchasing an additional 67,725 shares during the period. Finally, State Street Corp boosted its stake 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 valued at $268,757,000 after purchasing an additional 202,447 shares during the period. Hedge funds and other institutional investors own 81.53% of the company's stock.

DT Midstream Trading Up 0.4 %

Shares of DT Midstream stock traded up $0.41 during midday trading on Wednesday, reaching $93.65. 1,288,113 shares of the company's stock traded hands, compared to its average volume of 736,125. The stock has a 50 day moving average of $102.13 and a 200-day moving average of $93.66. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market cap of $9.49 billion, a PE ratio of 22.79 and a beta of 0.79. DT Midstream, Inc. has a 12 month low of $57.16 and a 12 month high of $114.50.

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DT Midstream Increases Dividend

The company also recently disclosed 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 is an increase 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 dividend on an annualized basis and a yield of 3.50%. DT Midstream's dividend payout ratio is 91.11%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DTM. The Goldman Sachs Group increased their price objective on DT Midstream from $74.00 to $94.00 and gave the company a "sell" rating in a research note on Thursday, December 19th. Stifel Nicolaus dropped their price objective on DT Midstream from $106.00 to $102.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Raymond James increased their price objective on DT Midstream from $110.00 to $115.00 and gave the company an "outperform" rating in a research note on Tuesday, January 28th. Citigroup raised DT Midstream from a "neutral" rating to a "buy" rating and increased their price objective for the company from $90.00 to $115.00 in a research note on Thursday, November 21st. Finally, Barclays assumed coverage on DT Midstream in a report on Friday, January 10th. They set an "equal weight" rating and a $112.00 target price for the company. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, DT Midstream has an average rating of "Hold" and a consensus price target of $102.00.

About DT Midstream

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.