Bridgewater Associates LP Has $29.26 Million Stock Holdings in DT Midstream, Inc. (NYSE:DTM)

Bridgewater Associates LP grew its position in DT Midstream, Inc. (NYSE:DTM - Free Report) by 58.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 294,266 shares of the company's stock after purchasing an additional 108,960 shares during the period. Bridgewater Associates LP owned about 0.30% of DT Midstream worth $29,259,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new stake in DT Midstream during the third quarter worth about $29,000. Bessemer Group Inc. boosted its holdings in shares of DT Midstream by 61.6% in the 4th quarter. Bessemer Group Inc. now owns 307 shares of the company's stock worth $30,000 after acquiring an additional 117 shares in the last quarter. AdvisorNet Financial Inc grew its position in DT Midstream by 106.7% during the 4th quarter. AdvisorNet Financial Inc now owns 310 shares of the company's stock worth $31,000 after acquiring an additional 160 shares during the last quarter. Sound Income Strategies LLC increased its holdings in DT Midstream by 93.7% during the 4th quarter. Sound Income Strategies LLC now owns 337 shares of the company's stock valued at $34,000 after purchasing an additional 163 shares in the last quarter. Finally, UMB Bank n.a. raised its position in DT Midstream by 53.2% in the 4th quarter. UMB Bank n.a. now owns 481 shares of the company's stock valued at $48,000 after purchasing an additional 167 shares during the last quarter. Institutional investors own 81.53% of the company's stock.

Insider Activity

In other news, Director Robert C. Skaggs, Jr. purchased 1,000 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was bought at an average price of $86.92 per share, with a total value of $86,920.00. Following the acquisition, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.34% of the stock is currently owned by company insiders.

DT Midstream Trading Down 2.4 %

Shares of DT Midstream stock traded down $2.35 during trading on Monday, reaching $94.61. 85,439 shares of the company were exchanged, compared to its average volume of 847,476. DT Midstream, Inc. has a twelve month low of $61.01 and a twelve month high of $114.50. The business has a 50-day moving average price of $95.35 and a 200-day moving average price of $97.72. 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 firm has a market capitalization of $9.61 billion, a price-to-earnings ratio of 23.02 and a beta of 0.77.

DT Midstream Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th were given a dividend of $0.82 per share. This is a positive change from DT Midstream's previous quarterly dividend of $0.74. This represents a $3.28 annualized dividend and a dividend yield of 3.47%. The ex-dividend date was Monday, March 17th. DT Midstream's payout ratio is presently 91.11%.

Analyst Upgrades and Downgrades

DTM has been the topic of several research analyst reports. Williams Trading set a $110.00 target price on DT Midstream in a report on Monday, March 24th. Stifel Nicolaus decreased their price objective on shares of DT Midstream from $106.00 to $102.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Wells Fargo & Company dropped 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 note on Friday, February 28th. UBS Group raised their price target on shares of DT Midstream from $102.00 to $115.00 and gave the company a "buy" rating in a report on Thursday, March 27th. Finally, Bank of America started coverage on DT Midstream in a report on Monday, March 24th. They set a "buy" rating and a $110.00 price objective on the stock. Two 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $104.67.

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.