Duff & Phelps Investment Management Co. Purchases 88,946 Shares of DT Midstream, Inc. (NYSE:DTM)

Duff & Phelps Investment Management Co. grew its position in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) by 48.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 271,067 shares of the company's stock after purchasing an additional 88,946 shares during the period. Duff & Phelps Investment Management Co. owned approximately 0.28% of DT Midstream worth $21,322,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in DTM. FMR LLC lifted its holdings in DT Midstream by 1,476.9% during the 3rd quarter. FMR LLC now owns 805,950 shares of the company's stock worth $63,396,000 after buying an additional 754,839 shares during the last quarter. Brookfield Corp ON lifted its holdings in DT Midstream by 171.3% in the third quarter. Brookfield Corp ON now owns 1,038,501 shares of the company's stock valued at $81,689,000 after acquiring an additional 655,695 shares during the period. International Assets Investment Management LLC purchased a new position in DT Midstream in the third quarter valued at about $39,166,000. Dimensional Fund Advisors LP boosted its position in DT Midstream by 12.6% during the second quarter. Dimensional Fund Advisors LP now owns 4,393,511 shares of the company's stock worth $312,070,000 after purchasing an additional 490,613 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of DT Midstream by 30.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,156,598 shares of the company's stock valued at $90,978,000 after purchasing an additional 267,269 shares during the last quarter. Institutional investors and hedge funds own 81.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DTM. Morgan Stanley boosted their target price on shares of DT Midstream from $82.00 to $92.00 and gave the company an "underweight" rating in a report on Friday, October 25th. Stifel Nicolaus lowered DT Midstream from a "buy" rating to a "hold" rating and lifted their target price for the stock from $78.00 to $89.00 in a research report on Wednesday, October 30th. Barclays lifted their price target on DT Midstream from $85.00 to $92.00 and gave the company an "overweight" rating in a report on Monday, November 4th. JPMorgan Chase & Co. increased their price target on DT Midstream from $78.00 to $83.00 and gave the company a "neutral" rating in a research note on Friday, October 4th. Finally, The Goldman Sachs Group increased their target price on shares of DT Midstream from $66.00 to $74.00 and gave the company a "sell" rating in a research note on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $84.78.

DT Midstream Trading Down 4.2 %

DT Midstream stock traded down $4.34 during midday trading on Monday, hitting $98.59. 720,531 shares of the stock were exchanged, compared to its average volume of 678,072. The company has a fifty day simple moving average of $93.64 and a two-hundred day simple moving average of $80.08. The stock has a market capitalization of $9.58 billion, a PE ratio of 25.04 and a beta of 0.77. DT Midstream, Inc. has a 52 week low of $51.17 and a 52 week high of $109.85. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.61.

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

DT Midstream Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th will be issued a $0.735 dividend. This represents a $2.94 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date is Monday, December 16th. DT Midstream's dividend payout ratio is 71.53%.

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.