Landscape Capital Management L.L.C. Invests $744,000 in DT Midstream, Inc. (NYSE:DTM)

Landscape Capital Management L.L.C. bought a new stake in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,486 shares of the company's stock, valued at approximately $744,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. AdvisorNet Financial Inc boosted its position in shares of DT Midstream by 106.7% during the fourth 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 grew its holdings in DT Midstream by 93.7% in the fourth quarter. Sound Income Strategies LLC now owns 337 shares of the company's stock worth $34,000 after purchasing an additional 163 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of DT Midstream during the third quarter valued at approximately $29,000. UMB Bank n.a. lifted its holdings in shares of DT Midstream by 53.2% during the fourth quarter. UMB Bank n.a. now owns 481 shares of the company's stock valued at $48,000 after purchasing an additional 167 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of DT Midstream during the fourth quarter valued at approximately $50,000. Hedge funds and other institutional investors own 81.53% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on DTM. Stifel Nicolaus reduced their price objective on DT Midstream from $106.00 to $102.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Morgan Stanley increased their price objective on DT Midstream from $92.00 to $105.00 and gave the company an "underweight" rating in a research report on Tuesday, March 25th. Bank of America initiated coverage on DT Midstream in a report on Monday, March 24th. They issued a "buy" rating and a $110.00 price objective for the company. US Capital Advisors upgraded shares of DT Midstream from a "hold" rating to a "moderate buy" rating in a report on Monday. Finally, Raymond James boosted their target price on shares of DT Midstream from $110.00 to $115.00 and gave the company an "outperform" rating in a research note on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $104.67.

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DT Midstream Price Performance

Shares of NYSE DTM traded up $2.53 during midday trading on Friday, reaching $92.58. 1,030,745 shares of the stock traded hands, compared to its average volume of 846,536. The company's 50 day moving average is $95.93 and its 200 day moving average is $97.03. DT Midstream, Inc. has a one year low of $61.01 and a one year high of $114.50. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market capitalization of $9.41 billion, a PE ratio of 22.53 and a beta of 0.77.

DT Midstream Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be given a dividend of $0.82 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $3.28 annualized dividend and a yield of 3.54%. This is a positive change from DT Midstream's previous quarterly dividend of $0.74. DT Midstream's dividend payout ratio (DPR) is 91.11%.

Insiders Place Their Bets

In other news, Director Robert C. Skaggs, Jr. acquired 1,000 shares of DT Midstream stock in a transaction that occurred on Monday, March 10th. The shares were bought at an average cost of $86.92 per share, with a total value of $86,920.00. Following the transaction, the director now directly owns 38,653 shares of the company's stock, valued at $3,359,718.76. This trade represents a 2.66 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders have purchased 1,170 shares of company stock valued at $103,357 over the last ninety days. 0.04% of the stock is owned by insiders.

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.