DT Midstream, Inc. (NYSE:DTM) Position Trimmed by Tidal Investments LLC

Tidal Investments LLC reduced its position in DT Midstream, Inc. (NYSE:DTM - Free Report) by 67.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,156 shares of the company's stock after selling 10,786 shares during the quarter. Tidal Investments LLC's holdings in DT Midstream were worth $406,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in DT Midstream during the third quarter valued at $29,000. Sanctuary Advisors LLC grew its position in shares of DT Midstream by 14.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 4,695 shares of the company's stock valued at $369,000 after buying an additional 597 shares during the last quarter. Coldstream Capital Management Inc. bought a new stake in shares of DT Midstream during the 3rd quarter valued at about $239,000. Geode Capital Management LLC raised its stake in DT Midstream by 4.3% during the third quarter. Geode Capital Management LLC now owns 2,066,278 shares of the company's stock worth $162,567,000 after acquiring an additional 85,462 shares during the period. Finally, Executive Wealth Management LLC lifted its holdings in DT Midstream by 14.7% in the third quarter. Executive Wealth Management LLC now owns 10,563 shares of the company's stock worth $831,000 after acquiring an additional 1,356 shares during the last quarter. Institutional investors and hedge funds own 81.53% of the company's stock.

DT Midstream Price Performance

Shares of NYSE:DTM traded up $0.90 during trading on Tuesday, reaching $102.48. The company had a trading volume of 259,453 shares, compared to its average volume of 703,699. DT Midstream, Inc. has a twelve month low of $51.17 and a twelve month high of $109.85. 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 $9.96 billion, a PE ratio of 24.93 and a beta of 0.77. The firm's fifty day moving average is $97.26 and its 200 day moving average is $82.61.

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

DT Midstream Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th will be given a $0.735 dividend. This represents a $2.94 annualized dividend and a yield of 2.87%. The ex-dividend date is Monday, December 16th. DT Midstream's dividend payout ratio (DPR) is presently 71.53%.

Analyst Upgrades and Downgrades

DTM has been the subject of several recent research reports. Wells Fargo & Company upped their target price on DT Midstream from $87.00 to $100.00 and gave the company an "overweight" rating in a report on Thursday, October 31st. Stifel Nicolaus raised DT Midstream from a "hold" rating to a "buy" rating and increased their target price for the stock from $89.00 to $106.00 in a research report on Thursday, December 19th. Barclays boosted their price target on shares of DT Midstream from $85.00 to $92.00 and gave the company an "overweight" rating in a report on Monday, November 4th. The Goldman Sachs Group increased their price objective on shares of DT Midstream from $74.00 to $94.00 and gave the stock a "sell" rating in a report on Thursday, December 19th. Finally, JPMorgan Chase & Co. boosted their target price on shares of DT Midstream from $78.00 to $83.00 and gave the company a "neutral" rating in a research note on Friday, October 4th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, DT Midstream has a consensus rating of "Hold" and an average price target of $88.89.

About DT Midstream

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.