DT Midstream, Inc. (NYSE:DTM) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its position in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) by 2.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 215,826 shares of the company's stock after purchasing an additional 4,628 shares during the period. Envestnet Asset Management Inc. owned approximately 0.22% of DT Midstream worth $21,460,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of DT Midstream in the third quarter valued at approximately $29,000. AdvisorNet Financial Inc increased its holdings in shares of DT Midstream by 106.7% in the 4th quarter. AdvisorNet Financial Inc now owns 310 shares of the company's stock valued at $31,000 after purchasing an additional 160 shares in the last quarter. Sound Income Strategies LLC lifted its stake in shares of DT Midstream by 93.7% in the fourth quarter. Sound Income Strategies LLC now owns 337 shares of the company's stock valued at $34,000 after purchasing an additional 163 shares during the period. UMB Bank n.a. boosted its holdings in DT Midstream by 53.2% during the fourth quarter. UMB Bank n.a. now owns 481 shares of the company's stock worth $48,000 after buying an additional 167 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in DT Midstream during the fourth quarter worth about $50,000. Hedge funds and other institutional investors own 81.53% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. US Capital Advisors upgraded DT Midstream from a "hold" rating to a "moderate buy" rating in a report on Monday, April 7th. Raymond James lifted their price target on DT Midstream from $110.00 to $115.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. JPMorgan Chase & Co. increased their price objective 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. Barclays dropped their target price on shares of DT Midstream from $107.00 to $102.00 and set an "equal weight" rating for the company in a report on Friday, April 11th. Finally, Wells Fargo & Company lowered their price target on shares of DT Midstream from $118.00 to $108.00 and set an "overweight" rating on the stock in a research report on Friday, February 28th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $104.67.

Insider Buying and Selling

In other news, Director Robert C. Skaggs, Jr. purchased 1,000 shares of the company's stock in a transaction on Monday, March 10th. The stock was bought at an average cost 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 $3,359,718.76. The trade was a 2.66 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.04% of the stock is currently owned by company insiders.

DT Midstream Trading Up 1.3 %

DT Midstream stock traded up $1.28 during trading on Friday, hitting $96.84. The company's stock had a trading volume of 887,944 shares, compared to its average volume of 850,241. The stock's fifty day moving average is $95.41 and its 200 day moving average is $97.38. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 0.95. DT Midstream, Inc. has a 1-year low of $61.01 and a 1-year high of $114.50. The stock has a market capitalization of $9.84 billion, a price-to-earnings ratio of 23.56 and a beta of 0.77.

DT Midstream Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 17th were issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 3.39%. This is an increase from DT Midstream's previous quarterly dividend of $0.74. The ex-dividend date was Monday, March 17th. DT Midstream's payout ratio is presently 91.11%.

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.