DT Midstream, Inc. (NYSE:DTM) Stock Holdings Increased by Atria Investments Inc

Atria Investments Inc increased its holdings in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) by 82.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,412 shares of the company's stock after buying an additional 6,946 shares during the quarter. Atria Investments Inc's holdings in DT Midstream were worth $1,532,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System increased its stake in shares of DT Midstream by 0.4% during the 4th quarter. Louisiana State Employees Retirement System now owns 27,000 shares of the company's stock valued at $2,685,000 after acquiring an additional 100 shares during the last quarter. Jones Financial Companies Lllp increased its position in DT Midstream by 15.0% during the fourth quarter. Jones Financial Companies Lllp now owns 768 shares of the company's stock worth $76,000 after purchasing an additional 100 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in DT Midstream by 17.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 696 shares of the company's stock worth $69,000 after purchasing an additional 105 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in DT Midstream by 1.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 12,137 shares of the company's stock worth $1,235,000 after purchasing an additional 116 shares during the period. Finally, Wilmington Savings Fund Society FSB boosted its holdings in shares of DT Midstream by 38.3% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 509 shares of the company's stock valued at $51,000 after purchasing an additional 141 shares during the last quarter. 81.53% of the stock is owned by institutional investors and hedge funds.

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DT Midstream Stock Up 2.9 %

DT Midstream stock traded up $2.69 during midday trading on Friday, hitting $96.02. 1,162,947 shares of the company were exchanged, compared to its average volume of 762,789. The company has a market cap of $9.73 billion, a PE ratio of 23.36 and a beta of 0.80. DT Midstream, Inc. has a fifty-two week low of $57.16 and a fifty-two week high of $114.50. The company's fifty day moving average price is $100.93 and its 200-day moving average price is $94.13. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.95 and a quick ratio of 0.95.

DT Midstream Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DTM. 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 report on Thursday, November 21st. Barclays assumed coverage on DT Midstream in a research note on Friday, January 10th. They set an "equal weight" rating and a $112.00 price target for the company. Raymond James lifted 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. JPMorgan Chase & Co. increased their target price on shares of DT Midstream from $109.00 to $115.00 and gave the stock a "neutral" rating in a research report on Friday, January 24th. Finally, UBS Group started coverage on shares of DT Midstream in a report on Wednesday. They issued a "buy" rating and a $102.00 price target on the stock. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, DT Midstream presently has an average rating of "Hold" and an average target price of $102.00.

Insider Activity

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 shares were purchased 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 approximately $3,359,718.76. This represents a 2.66 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last three months, insiders bought 1,170 shares of company stock worth $103,357. 0.04% of the stock is currently owned by company 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.