Amundi Has $1.76 Million Position in DT Midstream, Inc. (NYSE:DTM)

Amundi decreased its position in DT Midstream, Inc. (NYSE:DTM - Free Report) by 66.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,626 shares of the company's stock after selling 32,872 shares during the period. Amundi's holdings in DT Midstream were worth $1,758,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of DTM. Wellington Management Group LLP grew its holdings in DT Midstream by 225.4% during the third quarter. Wellington Management Group LLP now owns 145,556 shares of the company's stock valued at $11,449,000 after purchasing an additional 100,825 shares during the period. Friedenthal Financial acquired a new stake in DT Midstream in the 4th quarter valued at approximately $764,000. Truist Financial Corp bought a new stake in DT Midstream in the 4th quarter valued at approximately $771,000. Atria Investments Inc acquired a new position in DT Midstream during the 3rd quarter worth approximately $666,000. Finally, Bridgewater Associates LP grew its stake in shares of DT Midstream by 57.6% during the 3rd quarter. Bridgewater Associates LP now owns 185,306 shares of the company's stock worth $14,576,000 after acquiring an additional 67,725 shares in the last quarter. Institutional investors and hedge funds own 81.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DTM. Wells Fargo & Company decreased their target price on shares of DT Midstream from $118.00 to $108.00 and set an "overweight" rating for the company in a research report on Friday, February 28th. JPMorgan Chase & Co. lifted their target price on DT Midstream from $109.00 to $115.00 and gave the company a "neutral" rating in a research report on Friday, January 24th. UBS Group assumed coverage on DT Midstream in a research report on Wednesday, March 12th. They set a "buy" rating and a $102.00 price target for the company. Barclays decreased their price target on DT Midstream from $112.00 to $107.00 and set an "equal weight" rating for the company in a research note on Friday. Finally, Citigroup upgraded DT Midstream from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $90.00 to $115.00 in a research note on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, DT Midstream has an average rating of "Hold" and an average target price of $101.50.

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Insider Transactions at DT Midstream

In other news, Director Robert C. Skaggs, Jr. purchased 1,000 shares of the company's stock in a transaction that occurred on 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 acquisition, the director now 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders bought a total of 1,170 shares of company stock worth $103,357 over the last quarter. Company insiders own 0.04% of the company's stock.

DT Midstream Stock Performance

Shares of NYSE:DTM traded down $2.37 on Friday, hitting $96.88. The company had a trading volume of 4,907,968 shares, compared to its average volume of 785,478. The stock has a 50 day moving average price of $100.24 and a 200 day moving average price of $94.84. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61. The stock has a market cap of $9.84 billion, a price-to-earnings ratio of 23.57 and a beta of 0.80. DT Midstream, Inc. has a 1-year low of $58.25 and a 1-year high of $114.50.

DT Midstream Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be given a dividend of $0.82 per share. The ex-dividend date is Monday, March 17th. This is an increase 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 dividend payout ratio (DPR) is 91.11%.

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.