Chickasaw Capital Management LLC Has $31.54 Million Stake in DT Midstream, Inc. (NYSE:DTM)

Chickasaw Capital Management LLC raised its position in DT Midstream, Inc. (NYSE:DTM - Free Report) by 4.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 317,231 shares of the company's stock after acquiring an additional 14,631 shares during the period. DT Midstream comprises approximately 1.3% of Chickasaw Capital Management LLC's holdings, making the stock its 15th largest holding. Chickasaw Capital Management LLC owned 0.33% of DT Midstream worth $31,542,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the company. UMB Bank n.a. lifted its position in DT Midstream by 324.3% in the third quarter. UMB Bank n.a. now owns 314 shares of the company's stock worth $25,000 after purchasing an additional 240 shares during the period. V Square Quantitative Management LLC acquired a new position in shares of DT Midstream in the 3rd quarter valued at $29,000. Wilmington Savings Fund Society FSB bought a new position in shares of DT Midstream during the 3rd quarter worth about $29,000. Brooklyn Investment Group bought a new stake in DT Midstream in the third quarter valued at about $40,000. Finally, Ashton Thomas Securities LLC acquired a new position in DT Midstream in the third quarter worth about $56,000. Institutional investors own 81.53% of the company's stock.

DT Midstream Trading Up 0.3 %

Shares of DTM stock traded up $0.27 during trading hours on Tuesday, reaching $103.39. The company had a trading volume of 591,308 shares, compared to its average volume of 702,552. DT Midstream, Inc. has a 1-year low of $51.17 and a 1-year high of $109.85. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market cap of $10.04 billion, a price-to-earnings ratio of 25.16 and a beta of 0.79. The company has a 50 day moving average of $100.41 and a 200 day moving average of $85.15.

DT Midstream (NYSE:DTM - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.90 EPS for the quarter, missing analysts' consensus estimates of $0.95 by ($0.05). DT Midstream had a net margin of 41.19% and a return on equity of 9.31%. The company had revenue of $248.00 million during the quarter, compared to the consensus estimate of $242.64 million. During the same period last year, the company earned $0.94 earnings per share. On average, equities research analysts anticipate that DT Midstream, Inc. will post 3.84 EPS for the current year.

DT Midstream Dividend Announcement

The firm also recently declared 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. This represents a $2.94 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date is Monday, December 16th. DT Midstream's dividend payout ratio is currently 71.53%.

Analyst Ratings Changes

A number of research firms have weighed in on DTM. Citigroup raised DT Midstream from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $90.00 to $115.00 in a report on Thursday, November 21st. The Goldman Sachs Group boosted their price target on DT Midstream from $74.00 to $94.00 and gave the company a "sell" rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. increased their price objective on DT Midstream from $78.00 to $83.00 and gave the stock a "neutral" rating in a research note on Friday, October 4th. Morgan Stanley upped their price objective on shares of DT Midstream from $82.00 to $92.00 and gave the stock an "underweight" rating in a research note on Friday, October 25th. Finally, Barclays raised their target price on DT Midstream from $85.00 to $92.00 and gave the company an "overweight" rating in a research note on Monday, November 4th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, DT Midstream has an average rating of "Hold" and an average target price of $88.89.

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.