Hancock Whitney Corp Purchases 3,088 Shares of DT Midstream, Inc. (NYSE:DTM)

Hancock Whitney Corp grew its position in DT Midstream, Inc. (NYSE:DTM - Free Report) by 41.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,522 shares of the company's stock after purchasing an additional 3,088 shares during the period. Hancock Whitney Corp's holdings in DT Midstream were worth $1,046,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in DTM. Barclays PLC grew its position in DT Midstream by 3.7% during the 3rd quarter. Barclays PLC now owns 283,363 shares of the company's stock worth $22,289,000 after acquiring an additional 10,074 shares during the last quarter. Sanctuary Advisors LLC lifted its position in shares of DT Midstream by 14.6% during the third quarter. Sanctuary Advisors LLC now owns 4,695 shares of the company's stock worth $369,000 after purchasing an additional 597 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in DT Midstream in the 3rd quarter valued at $29,000. GAMMA Investing LLC lifted its position in DT Midstream by 53.4% during the 4th quarter. GAMMA Investing LLC now owns 3,985 shares of the company's stock valued at $396,000 after purchasing an additional 1,388 shares during the period. Finally, Advance Capital Management Inc. acquired a new position in DT Midstream in the fourth quarter valued at approximately $296,000. Institutional investors own 81.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on DTM shares. Stifel Nicolaus lowered their price objective on shares of DT Midstream from $106.00 to $102.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Morgan Stanley lifted their price objective on DT Midstream from $92.00 to $105.00 and gave the company an "underweight" rating in a report on Tuesday, March 25th. Bank of America began coverage on DT Midstream in a research note on Monday, March 24th. They set a "buy" rating and a $110.00 target price for the company. JPMorgan Chase & Co. lifted their price target on shares of DT Midstream from $109.00 to $115.00 and gave the company a "neutral" rating in a research note on Friday, January 24th. Finally, US Capital Advisors downgraded shares of DT Midstream from a "moderate buy" rating to a "hold" rating in a research report on Monday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, DT Midstream currently has an average rating of "Hold" and a consensus target price of $104.67.

DT Midstream Stock Down 0.3 %

Shares of NYSE DTM traded down $0.32 during mid-day trading on Tuesday, hitting $98.42. The company had a trading volume of 1,174,486 shares, compared to its average volume of 850,824. 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 firm has a 50-day simple moving average of $94.91 and a two-hundred day simple moving average of $98.26. The company has a market capitalization of $10.00 billion, a PE ratio of 23.95 and a beta of 0.77. DT Midstream, Inc. has a one year low of $61.01 and a one year high of $114.50.

DT Midstream Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders 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. The ex-dividend date was Monday, March 17th. This represents a $3.28 annualized dividend and a dividend yield of 3.33%. DT Midstream's payout ratio is 91.11%.

Insider Transactions at DT Midstream

In other DT Midstream news, Director Robert C. Skaggs, Jr. acquired 1,000 shares of the company's stock in a transaction on Monday, March 10th. The shares were purchased at an average price of $86.92 per share, for a total transaction of $86,920.00. Following the completion of the purchase, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.34% of the company's stock.

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.