4,864 Shares in DT Midstream, Inc. (NYSE:DTM) Purchased by Brooklyn FI LLC

Brooklyn FI LLC purchased a new stake in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 4,864 shares of the company's stock, valued at approximately $463,000.

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

Insider Buying and Selling at DT Midstream

In other DT Midstream news, Director Robert C. Skaggs, Jr. acquired 1,000 shares of the business's stock in a transaction dated Monday, March 10th. The shares were purchased at an average cost of $86.92 per share, for a total transaction of $86,920.00. Following the transaction, the director now owns 38,653 shares in the company, valued at $3,359,718.76. This represents a 2.66 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last quarter, insiders have bought 1,170 shares of company stock worth $103,357. 0.04% of the stock is currently owned by company insiders.

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Analysts Set New Price Targets

Several equities analysts recently commented on DTM shares. The Goldman Sachs Group boosted their target price on DT Midstream from $74.00 to $94.00 and gave the stock a "sell" rating in a research report on Thursday, December 19th. Stifel Nicolaus cut their price objective on DT Midstream from $106.00 to $102.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Raymond James raised their target price on shares of DT Midstream from $110.00 to $115.00 and gave the company an "outperform" rating in a research note on Tuesday, January 28th. UBS Group began coverage on shares of DT Midstream in a research report on Wednesday, March 12th. They set a "buy" rating and a $102.00 target price for the company. Finally, Bank of America assumed coverage on shares of DT Midstream in a report on Monday. They issued a "buy" rating and a $110.00 price target on the stock. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, DT Midstream has a consensus rating of "Hold" and a consensus target price of $102.27.

DT Midstream Trading Up 4.3 %

NYSE:DTM traded up $4.13 during trading hours on Monday, reaching $101.11. The company's stock had a trading volume of 1,395,010 shares, compared to its average volume of 788,473. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market capitalization of $10.27 billion, a price-to-earnings ratio of 24.60 and a beta of 0.80. The firm has a 50-day simple moving average of $100.10 and a 200-day simple moving average of $95.22. DT Midstream, Inc. has a 1 year low of $59.00 and a 1 year high of $114.50.

DT Midstream Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date is Monday, March 17th. This is a positive change from DT Midstream's previous quarterly dividend of $0.74. DT Midstream's dividend payout ratio (DPR) is 91.11%.

DT Midstream Company 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.