EAM Investors LLC Boosts Stock Position in DT Midstream, Inc. (NYSE:DTM)

EAM Investors LLC increased its holdings in DT Midstream, Inc. (NYSE:DTM - Free Report) by 23.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 50,276 shares of the company's stock after purchasing an additional 9,596 shares during the quarter. EAM Investors LLC owned 0.05% of DT Midstream worth $4,999,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of DTM. MML Investors Services LLC purchased a new position in shares of DT Midstream during the 3rd quarter valued at approximately $558,000. Public Employees Retirement System of Ohio lifted its holdings in DT Midstream by 12.1% during the third quarter. Public Employees Retirement System of Ohio now owns 42,629 shares of the company's stock valued at $3,353,000 after purchasing an additional 4,595 shares in the last quarter. Barclays PLC lifted its stake in DT Midstream by 3.7% in the 3rd quarter. Barclays PLC now owns 283,363 shares of the company's stock valued at $22,289,000 after buying an additional 10,074 shares in the last quarter. Coldstream Capital Management Inc. purchased a new position in shares of DT Midstream in the third quarter valued at approximately $239,000. Finally, Sanctuary Advisors LLC raised its holdings in shares of DT Midstream by 14.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 4,695 shares of the company's stock valued at $369,000 after purchasing an additional 597 shares in the last quarter. Hedge funds and other institutional investors own 81.53% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on DTM shares. Barclays cut their price target on DT Midstream from $107.00 to $102.00 and set an "equal weight" rating on the stock in a research note on Friday, April 11th. Stifel Nicolaus dropped their price target on DT Midstream from $106.00 to $102.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. Wells Fargo & Company lowered their target price on DT Midstream from $118.00 to $108.00 and set an "overweight" rating on the stock in a research note on Friday, February 28th. Bank of America initiated coverage on DT Midstream in a report on Monday, March 24th. They set a "buy" rating and a $110.00 price target for the company. Finally, UBS Group boosted their price objective on shares of DT Midstream from $102.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $104.67.

Insider Buying and Selling at DT Midstream

In other DT Midstream news, Director Robert C. Skaggs, Jr. acquired 1,000 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average cost of $86.92 per share, with a total value of $86,920.00. Following the purchase, the director now owns 38,653 shares in the company, valued at approximately $3,359,718.76. The trade was a 2.66 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.04% of the stock is owned by corporate insiders.

DT Midstream Price Performance

Shares of NYSE:DTM traded up $1.28 during trading on Friday, hitting $96.84. 887,944 shares of the stock were exchanged, compared to its average volume of 851,104. The company has a market cap of $9.84 billion, a PE ratio of 23.56 and a beta of 0.77. 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 company has a fifty day moving average price of $95.35 and a two-hundred day moving average price of $97.50. DT Midstream, Inc. has a 12-month low of $61.01 and a 12-month high of $114.50.

DT Midstream Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th were issued a $0.82 dividend. This is a positive change from DT Midstream's previous quarterly dividend of $0.74. The ex-dividend date of this dividend was Monday, March 17th. This represents a $3.28 annualized dividend and a yield of 3.39%. DT Midstream's dividend payout ratio is 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.