DT Midstream, Inc. (NYSE:DTM) Shares Sold by Brasada Capital Management LP

Brasada Capital Management LP trimmed its position in DT Midstream, Inc. (NYSE:DTM - Free Report) by 20.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,696 shares of the company's stock after selling 4,016 shares during the period. Brasada Capital Management LP's holdings in DT Midstream were worth $1,652,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in DTM. Barclays PLC increased its holdings in shares of DT Midstream by 3.7% in the third quarter. Barclays PLC now owns 283,363 shares of the company's stock valued at $22,289,000 after purchasing an additional 10,074 shares during the period. Sanctuary Advisors LLC boosted its position in DT Midstream by 14.6% in the third quarter. Sanctuary Advisors LLC now owns 4,695 shares of the company's stock valued at $369,000 after buying an additional 597 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in DT Midstream in the 3rd quarter worth approximately $29,000. GAMMA Investing LLC raised its position in DT Midstream by 53.4% during the 4th quarter. GAMMA Investing LLC now owns 3,985 shares of the company's stock worth $396,000 after buying an additional 1,388 shares during the last quarter. Finally, Advance Capital Management Inc. acquired a new stake in DT Midstream during the 4th quarter valued at approximately $296,000. 81.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DTM has been the topic of a number of research reports. US Capital Advisors upgraded shares of DT Midstream from a "hold" rating to a "moderate buy" rating in a research note on Monday, April 7th. JPMorgan Chase & Co. increased their price target on DT Midstream from $109.00 to $115.00 and gave the stock a "neutral" rating in a research report on Friday, January 24th. Barclays decreased their price objective on DT Midstream from $107.00 to $102.00 and set an "equal weight" rating for the company in a report on Friday, April 11th. UBS Group raised their target price on DT Midstream from $102.00 to $115.00 and gave the stock a "buy" rating in a report on Thursday, March 27th. Finally, Bank of America initiated coverage on DT Midstream in a report on Monday, March 24th. They issued a "buy" rating and a $110.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $104.67.

Insider Buying and Selling at DT Midstream

In other DT Midstream news, Director Robert C. Skaggs, Jr. acquired 1,000 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was bought at an average cost of $86.92 per share, for a total transaction of $86,920.00. Following the completion of the transaction, the director now owns 38,653 shares of the company's stock, valued at approximately $3,359,718.76. The trade was a 2.66 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.34% of the stock is currently owned by insiders.

DT Midstream Price Performance

DT Midstream stock traded down $0.11 during trading on Friday, reaching $98.80. The company had a trading volume of 505,686 shares, compared to its average volume of 849,579. The firm has a market capitalization of $10.04 billion, a PE ratio of 24.04 and a beta of 0.77. The firm's 50-day simple moving average is $94.97 and its 200 day simple moving average is $97.97. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 0.95. DT Midstream, Inc. has a 1-year low of $61.01 and a 1-year high of $114.50.

DT Midstream Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 17th were given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 3.32%. The ex-dividend date was Monday, March 17th. This is an increase from DT Midstream's previous quarterly dividend of $0.74. DT Midstream's dividend payout ratio 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.