Barclays PLC Has $22.29 Million Holdings in DT Midstream, Inc. (NYSE:DTM)

Barclays PLC boosted its stake in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) by 3.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 283,363 shares of the company's stock after purchasing an additional 10,074 shares during the quarter. Barclays PLC owned approximately 0.29% of DT Midstream worth $22,289,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in shares of DT Midstream by 12.6% during the second quarter. Dimensional Fund Advisors LP now owns 4,393,511 shares of the company's stock valued at $312,070,000 after acquiring an additional 490,613 shares during the period. State Street Corp lifted its position in DT Midstream by 6.4% in the 3rd 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 last quarter. Bank of New York Mellon Corp boosted its stake in DT Midstream by 3.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,166,694 shares of the company's stock valued at $82,870,000 after purchasing an additional 38,305 shares during the period. Charles Schwab Investment Management Inc. grew its position in DT Midstream by 30.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,156,598 shares of the company's stock worth $90,978,000 after purchasing an additional 267,269 shares during the last quarter. Finally, Brookfield Corp ON increased its stake in shares of DT Midstream by 171.3% in the third quarter. Brookfield Corp ON now owns 1,038,501 shares of the company's stock valued at $81,689,000 after purchasing an additional 655,695 shares during the period. 81.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DTM has been the subject of several analyst reports. Barclays boosted their price objective on DT Midstream from $85.00 to $92.00 and gave the stock an "overweight" rating in a research report on Monday, November 4th. Stifel Nicolaus lowered DT Midstream from a "buy" rating to a "hold" rating and boosted their price target for the stock from $78.00 to $89.00 in a research report on Wednesday, October 30th. Morgan Stanley raised their price target on DT Midstream from $82.00 to $92.00 and gave the company an "underweight" rating in a report on Friday, October 25th. The Goldman Sachs Group upped their price objective on shares of DT Midstream from $66.00 to $74.00 and gave the stock a "sell" rating in a report on Tuesday, November 5th. Finally, Wells Fargo & Company increased their target price on shares of DT Midstream from $87.00 to $100.00 and gave the company an "overweight" rating in a research report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $84.78.

DT Midstream Price Performance

DT Midstream stock traded down $1.02 during midday trading on Friday, hitting $100.62. The company's stock had a trading volume of 719,964 shares, compared to its average volume of 680,307. DT Midstream, Inc. has a 12 month low of $51.17 and a 12 month high of $109.85. 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 company has a market capitalization of $9.78 billion, a PE ratio of 24.48 and a beta of 0.77. The stock's 50-day moving average price is $95.53 and its 200-day moving average price is $81.28.

DT Midstream (NYSE:DTM - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.05). DT Midstream had a return on equity of 9.31% and a net margin of 41.19%. The business had revenue of $248.00 million during the quarter, compared to analyst estimates of $242.64 million. During the same period in the prior year, the firm earned $0.94 EPS. Analysts anticipate that DT Midstream, Inc. will post 3.84 earnings per share for the current fiscal 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 given a dividend of $0.735 per share. The ex-dividend date is Monday, December 16th. This represents a $2.94 dividend on an annualized basis and a dividend yield of 2.92%. DT Midstream's dividend payout ratio (DPR) is presently 71.53%.

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.