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Brown Brothers Harriman & Co. Takes Position in DT Midstream, Inc. (NYSE:DTM)

DT Midstream logo with Oils/Energy background

Brown Brothers Harriman & Co. acquired a new position in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 7,165 shares of the company's stock, valued at approximately $564,000.

Several other large investors also recently bought and sold shares of DTM. UMB Bank n.a. grew its position in shares of DT Midstream by 324.3% in the third quarter. UMB Bank n.a. now owns 314 shares of the company's stock valued at $25,000 after purchasing an additional 240 shares in the last quarter. Family Firm Inc. purchased a new stake in shares of DT Midstream in the second quarter valued at approximately $26,000. V Square Quantitative Management LLC purchased a new stake in shares of DT Midstream in the third quarter valued at approximately $29,000. First Command Advisory Services Inc. purchased a new stake in shares of DT Midstream in the second quarter valued at approximately $31,000. Finally, American National Bank grew its position in shares of DT Midstream by 100.0% in the second quarter. American National Bank now owns 468 shares of the company's stock valued at $33,000 after purchasing an additional 234 shares in the last quarter. 81.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on DTM. Stifel Nicolaus lowered DT Midstream from a "buy" rating to a "hold" rating and upped their price target for the company from $78.00 to $89.00 in a research report on Wednesday, October 30th. Barclays upped their price target on DT Midstream from $85.00 to $92.00 and gave the company an "overweight" rating in a research report on Monday, November 4th. The Goldman Sachs Group upped their price objective on DT Midstream from $66.00 to $74.00 and gave the company a "sell" rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. upped their price objective on DT Midstream from $78.00 to $83.00 and gave the company a "neutral" rating in a report on Friday, October 4th. Finally, Morgan Stanley upped their price objective on DT Midstream from $82.00 to $92.00 and gave the company an "underweight" rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $84.78.

Get Our Latest Analysis on DT Midstream

DT Midstream Trading Down 0.9 %

NYSE:DTM traded down $0.93 during trading hours on Wednesday, reaching $105.82. 946,506 shares of the stock were exchanged, compared to its average volume of 674,567. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.61. The business has a 50-day moving average of $89.51 and a two-hundred day moving average of $77.96. DT Midstream, Inc. has a twelve month low of $51.17 and a twelve month high of $109.85. The company has a market capitalization of $10.28 billion, a price-to-earnings ratio of 25.80 and a beta of 0.71.

DT Midstream (NYSE:DTM - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.90 EPS for the quarter, missing analysts' consensus estimates of $0.95 by ($0.05). The firm had revenue of $248.00 million for the quarter, compared to analyst estimates of $242.64 million. DT Midstream had a return on equity of 9.31% and a net margin of 41.19%. During the same quarter last year, the company earned $0.94 earnings per share. On average, equities analysts predict that DT Midstream, Inc. will post 3.96 EPS for the current year.

DT Midstream Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th will be paid a $0.735 dividend. This represents a $2.94 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend is Monday, December 16th. DT Midstream's payout ratio is currently 71.53%.

DT Midstream Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for DT Midstream (NYSE:DTM)

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