Friedenthal Financial Invests $764,000 in DT Midstream, Inc. (NYSE:DTM)

Friedenthal Financial purchased a new position in DT Midstream, Inc. (NYSE:DTM - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,681 shares of the company's stock, valued at approximately $764,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. UMB Bank n.a. raised its stake in shares of DT Midstream by 324.3% during the third quarter. UMB Bank n.a. now owns 314 shares of the company's stock valued at $25,000 after acquiring an additional 240 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in DT Midstream during the 3rd quarter worth $29,000. Wilmington Savings Fund Society FSB bought a new stake in DT Midstream during the 3rd quarter valued at $29,000. Brooklyn Investment Group purchased a new stake in shares of DT Midstream in the 3rd quarter worth $40,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of DT Midstream in the 3rd quarter worth $56,000. 81.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DTM has been the subject of a number of research reports. Wells Fargo & Company upped their price objective on shares of DT Midstream from $87.00 to $100.00 and gave the stock an "overweight" rating in a research note on Thursday, October 31st. Barclays assumed coverage on shares of DT Midstream in a research report on Friday. They issued an "equal weight" rating and a $112.00 price target for the company. The Goldman Sachs Group lifted their price objective on shares of DT Midstream from $74.00 to $94.00 and gave the company a "sell" rating in a report on Thursday, December 19th. JPMorgan Chase & Co. upped their target price on DT Midstream from $78.00 to $83.00 and gave the stock a "neutral" rating in a report on Friday, October 4th. Finally, Citigroup upgraded DT Midstream from a "neutral" rating to a "buy" rating and lifted their price target for the company from $90.00 to $115.00 in a report on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $95.88.

DT Midstream Stock Up 1.7 %

DTM stock traded up $1.71 on Monday, hitting $105.20. 1,100,965 shares of the company's stock were exchanged, compared to its average volume of 798,766. The firm has a 50 day moving average price of $101.63 and a two-hundred day moving average price of $86.12. 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 12-month low of $51.17 and a 12-month high of $109.85. The stock has a market cap of $10.22 billion, a P/E ratio of 25.60 and a beta of 0.77.

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 analysts' consensus estimates of $0.95 by ($0.05). The business had revenue of $248.00 million for the quarter, compared to analysts' expectations of $242.64 million. DT Midstream had a return on equity of 9.31% and a net margin of 41.19%. During the same quarter in the previous year, the firm posted $0.94 EPS. As a group, equities research analysts expect that DT Midstream, Inc. will post 3.84 EPS for the current fiscal year.

DT Midstream Announces Dividend

The business also recently declared 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. The ex-dividend date is Monday, December 16th. This represents a $2.94 dividend on an annualized basis and a dividend yield of 2.79%. DT Midstream's dividend payout ratio is currently 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.