GSA Capital Partners LLP Has $2.14 Million Stock Holdings in DT Midstream, Inc. (NYSE:DTM)

GSA Capital Partners LLP raised its stake in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) by 31.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,209 shares of the company's stock after purchasing an additional 6,575 shares during the period. GSA Capital Partners LLP's holdings in DT Midstream were worth $2,140,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of DTM. UMB Bank n.a. grew its position in shares of DT Midstream by 324.3% in the third quarter. UMB Bank n.a. now owns 314 shares of the company's stock valued at $25,000 after purchasing an additional 240 shares during the last quarter. Family Firm Inc. bought a new position in DT Midstream during the second quarter valued at about $26,000. V Square Quantitative Management LLC acquired a new position in DT Midstream in the 3rd quarter valued at approximately $29,000. First Command Advisory Services Inc. bought a new stake in shares of DT Midstream in the 2nd quarter worth approximately $31,000. Finally, American National Bank increased its position in shares of DT Midstream by 100.0% during the second quarter. American National Bank now owns 468 shares of the company's stock valued at $33,000 after purchasing an additional 234 shares during the period. 81.53% of the stock is currently owned by institutional investors and hedge funds.

DT Midstream Price Performance

Shares of NYSE:DTM traded down $0.75 during midday trading on Tuesday, reaching $99.07. The company's stock had a trading volume of 101,201 shares, compared to its average volume of 644,633. The business's fifty day simple moving average is $83.54 and its 200-day simple moving average is $74.89. The company has a market capitalization of $9.63 billion, a P/E ratio of 24.29 and a beta of 0.71. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.95 and a quick ratio of 0.95. DT Midstream, Inc. has a fifty-two week low of $51.17 and a fifty-two week high of $100.97.

DT Midstream (NYSE:DTM - Get Free Report) last announced its earnings results on Tuesday, October 29th. The company reported $0.90 earnings per share (EPS) 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 company had revenue of $248.00 million for the quarter, compared to analyst estimates of $242.64 million. During the same quarter in the previous year, the company posted $0.94 earnings per share. As a group, equities research analysts expect that DT Midstream, Inc. will post 3.96 EPS for the current fiscal year.

DT Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 16th will be given a $0.735 dividend. The ex-dividend date is Monday, December 16th. This represents a $2.94 dividend on an annualized basis and a yield of 2.97%. DT Midstream's payout ratio is 71.53%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DTM. Barclays raised their target price on DT Midstream from $85.00 to $92.00 and gave the stock an "overweight" rating in a research report on Monday, November 4th. JPMorgan Chase & Co. upped 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. The Goldman Sachs Group lifted their price objective on DT Midstream from $66.00 to $74.00 and gave the company a "sell" rating in a report on Tuesday, November 5th. Morgan Stanley raised their target price on DT Midstream from $82.00 to $92.00 and gave the stock an "underweight" rating in a research report on Friday, October 25th. Finally, Stifel Nicolaus lowered DT Midstream from a "buy" rating to a "hold" rating and increased their price objective for the stock from $78.00 to $89.00 in a research note on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $80.44.

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.