Lindbrook Capital LLC trimmed its position in DT Midstream, Inc. (NYSE:DTM - Free Report) by 21.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,649 shares of the company's stock after selling 2,907 shares during the quarter. Lindbrook Capital LLC's holdings in DT Midstream were worth $1,059,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System grew its holdings in DT Midstream by 0.4% in the 4th quarter. Louisiana State Employees Retirement System now owns 27,000 shares of the company's stock worth $2,685,000 after acquiring an additional 100 shares during the last quarter. Jones Financial Companies Lllp boosted its position in shares of DT Midstream by 15.0% during the fourth quarter. Jones Financial Companies Lllp now owns 768 shares of the company's stock valued at $76,000 after purchasing an additional 100 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in DT Midstream by 17.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 696 shares of the company's stock worth $69,000 after purchasing an additional 105 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in DT Midstream by 1.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 12,137 shares of the company's stock worth $1,235,000 after purchasing an additional 116 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB raised its holdings in DT Midstream by 38.3% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 509 shares of the company's stock worth $51,000 after purchasing an additional 141 shares in the last quarter. 81.53% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on DTM shares. Barclays assumed coverage on DT Midstream in a research note on Friday, January 10th. They issued an "equal weight" rating and a $112.00 target price on the stock. JPMorgan Chase & Co. raised their target price on shares of DT Midstream from $109.00 to $115.00 and gave the stock a "neutral" rating in a report on Friday, January 24th. The Goldman Sachs Group boosted their target price on shares of DT Midstream from $74.00 to $94.00 and gave the company a "sell" rating in a research note on Thursday, December 19th. Raymond James increased their price target on DT Midstream from $110.00 to $115.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. Finally, Wells Fargo & Company cut their price objective on DT Midstream from $118.00 to $108.00 and set an "overweight" rating for the company in a report on Friday, February 28th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, DT Midstream presently has an average rating of "Hold" and an average price target of $102.00.
Check Out Our Latest Stock Report on DT Midstream
DT Midstream Stock Performance
DT Midstream stock traded down $1.26 during trading on Monday, reaching $86.88. The company had a trading volume of 2,051,900 shares, compared to its average volume of 751,302. The firm has a market capitalization of $8.81 billion, a price-to-earnings ratio of 21.14 and a beta of 0.80. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61. The firm's 50-day simple moving average is $101.68 and its 200 day simple moving average is $93.97. DT Midstream, Inc. has a 52 week low of $57.16 and a 52 week high of $114.50.
DT Midstream Increases Dividend
The business 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 dividend of $0.82 per share. This is a boost from DT Midstream's previous quarterly dividend of $0.74. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date of this dividend is Monday, March 17th. DT Midstream's payout ratio is presently 91.11%.
DT Midstream Profile
(
Free Report)
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.
Featured Articles
Before you consider DT Midstream, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and DT Midstream wasn't on the list.
While DT Midstream currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
