DT Midstream, Inc. (NYSE:DTM) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lowered its position in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) by 1.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,143,106 shares of the company's stock after selling 13,492 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.18% of DT Midstream worth $113,659,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DTM. Reaves W H & Co. Inc. grew its stake in DT Midstream by 8.2% during the fourth quarter. Reaves W H & Co. Inc. now owns 981,879 shares of the company's stock worth $97,628,000 after buying an additional 74,329 shares during the period. SBI Securities Co. Ltd. purchased a new stake in DT Midstream during the 4th quarter worth $155,000. Jones Financial Companies Lllp increased its holdings in DT Midstream by 15.0% in the 4th quarter. Jones Financial Companies Lllp now owns 768 shares of the company's stock valued at $76,000 after purchasing an additional 100 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in DT Midstream in the fourth quarter valued at about $50,000. Finally, Smartleaf Asset Management LLC lifted its stake in shares of DT Midstream by 327.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,780 shares of the company's stock worth $178,000 after purchasing an additional 1,364 shares in the last quarter. Institutional investors and hedge funds own 81.53% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on DTM shares. Raymond James boosted their price target on DT Midstream from $110.00 to $115.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 28th. Stifel Nicolaus decreased their target price on shares of DT Midstream from $106.00 to $102.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Barclays started coverage on shares of DT Midstream in a research note on Friday, January 10th. They set an "equal weight" rating and a $112.00 price target on the stock. JPMorgan Chase & Co. upped their price objective on shares of DT Midstream from $109.00 to $115.00 and gave the company a "neutral" rating in a research report on Friday, January 24th. Finally, UBS Group initiated coverage on DT Midstream in a research report on Wednesday. They set a "buy" rating and a $102.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $102.00.

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DT Midstream Stock Up 4.0 %

NYSE DTM traded up $3.64 on Wednesday, hitting $93.54. 1,008,274 shares of the stock traded hands, compared to its average volume of 757,445. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61. The stock has a 50-day moving average of $101.22 and a 200 day moving average of $94.14. DT Midstream, Inc. has a twelve month low of $57.16 and a twelve month high of $114.50. The company has a market capitalization of $9.48 billion, a P/E ratio of 22.78 and a beta of 0.80.

DT Midstream Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 17th will be 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 3.51%. The ex-dividend date of this dividend is Monday, March 17th. DT Midstream's dividend payout ratio is currently 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.