Keybank National Association OH Takes Position in DT Midstream, Inc. (NYSE:DTM)

Keybank National Association OH acquired a new position in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,082 shares of the company's stock, valued at approximately $306,000.

Other institutional investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in shares of DT Midstream in the 3rd quarter valued at $29,000. AdvisorNet Financial Inc lifted its stake in DT Midstream by 106.7% during the fourth quarter. AdvisorNet Financial Inc now owns 310 shares of the company's stock worth $31,000 after purchasing an additional 160 shares during the period. Sound Income Strategies LLC grew its stake in shares of DT Midstream by 93.7% in the 4th 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. Brooklyn Investment Group acquired a new position in shares of DT Midstream in the 3rd quarter worth approximately $40,000. Finally, UMB Bank n.a. lifted its position in shares of DT Midstream by 53.2% during the 4th quarter. UMB Bank n.a. now owns 481 shares of the company's stock worth $48,000 after buying an additional 167 shares during the period. Institutional investors and hedge funds own 81.53% of the company's stock.

DT Midstream Stock Up 2.9 %

Shares of NYSE DTM traded up $2.69 during trading hours on Friday, hitting $96.02. The company had a trading volume of 1,162,947 shares, compared to its average volume of 762,789. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.61. The firm's 50 day moving average is $100.93 and its 200-day moving average is $94.13. DT Midstream, Inc. has a 1-year low of $57.16 and a 1-year high of $114.50. The stock has a market capitalization of $9.73 billion, a P/E ratio of 23.36 and a beta of 0.80.

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DT Midstream Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.42%. This is a boost from DT Midstream's previous quarterly dividend of $0.74. The ex-dividend date is Monday, March 17th. DT Midstream's dividend payout ratio (DPR) is presently 91.11%.

Insider Buying and Selling

In related news, Director Robert C. Skaggs, Jr. purchased 1,000 shares of the stock in a transaction 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 acquisition, the director now directly owns 38,653 shares in the company, valued at $3,359,718.76. The trade was a 2.66 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In the last three months, insiders have acquired 1,170 shares of company stock valued at $103,357. 0.04% of the stock is owned by insiders.

Wall Street Analyst Weigh In

DTM has been the subject of several recent analyst reports. The Goldman Sachs Group increased their price objective on DT Midstream from $74.00 to $94.00 and gave the stock a "sell" rating in a research note on Thursday, December 19th. Stifel Nicolaus reduced their price target on shares of DT Midstream from $106.00 to $102.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. UBS Group initiated coverage on shares of DT Midstream in a report on Wednesday. They set a "buy" rating and a $102.00 price objective for the company. Raymond James boosted their target price on DT Midstream from $110.00 to $115.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. Finally, Barclays initiated coverage on DT Midstream in a report on Friday, January 10th. They set an "equal weight" rating and a $112.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, DT Midstream presently has a consensus rating of "Hold" and an average target price of $102.00.

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.