DT Midstream, Inc. (NYSE:DTM) Shares Sold by LSV Asset Management

LSV Asset Management reduced its stake in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) by 69.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,550 shares of the company's stock after selling 89,652 shares during the period. LSV Asset Management's holdings in DT Midstream were worth $3,932,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Bessemer Group Inc. boosted its stake in DT Midstream by 61.6% during the fourth quarter. Bessemer Group Inc. now owns 307 shares of the company's stock worth $30,000 after buying an additional 117 shares during the last quarter. AdvisorNet Financial Inc boosted its position in shares of DT Midstream by 106.7% during the 4th quarter. AdvisorNet Financial Inc now owns 310 shares of the company's stock valued at $31,000 after acquiring an additional 160 shares during the last quarter. Sound Income Strategies LLC boosted its position in shares of DT Midstream by 93.7% during the 4th quarter. Sound Income Strategies LLC now owns 337 shares of the company's stock valued at $34,000 after acquiring an additional 163 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of DT Midstream in the third quarter valued at about $29,000. Finally, UMB Bank n.a. increased its position in DT Midstream by 53.2% during the fourth quarter. UMB Bank n.a. now owns 481 shares of the company's stock worth $48,000 after purchasing an additional 167 shares during the last quarter. 81.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at DT Midstream

In related news, Director Robert C. Skaggs, Jr. acquired 1,000 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was acquired at an average price of $86.92 per share, for a total transaction of $86,920.00. Following the purchase, the director now owns 38,653 shares of the company's stock, valued at $3,359,718.76. This represents a 2.66 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.04% of the stock is currently owned by corporate insiders.

DT Midstream Trading Up 1.3 %

NYSE:DTM traded up $1.28 on Friday, reaching $96.84. 887,944 shares of the company's stock were exchanged, compared to its average volume of 850,241. 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 has a market capitalization of $9.84 billion, a price-to-earnings ratio of 23.56 and a beta of 0.77. The business has a fifty day moving average of $95.41 and a 200-day moving average of $97.38. DT Midstream, Inc. has a 52-week low of $61.01 and a 52-week high of $114.50.

DT Midstream Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th were issued a dividend of $0.82 per share. The ex-dividend date was Monday, March 17th. This is a positive change from DT Midstream's previous quarterly dividend of $0.74. This represents a $3.28 dividend on an annualized basis and a yield of 3.39%. DT Midstream's dividend payout ratio is 91.11%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on DTM shares. Wells Fargo & Company dropped their price target on shares of DT Midstream from $118.00 to $108.00 and set an "overweight" rating for the company in a research note on Friday, February 28th. Morgan Stanley increased their price objective on DT Midstream from $92.00 to $105.00 and gave the stock an "underweight" rating in a research report on Tuesday, March 25th. The Goldman Sachs Group raised their target price on DT Midstream from $74.00 to $94.00 and gave the stock a "sell" rating in a research note on Thursday, December 19th. Bank of America assumed coverage on DT Midstream in a research note on Monday, March 24th. They issued a "buy" rating and a $110.00 price target on the stock. Finally, UBS Group boosted their price objective on shares of DT Midstream from $102.00 to $115.00 and gave the company a "buy" rating in a report on Thursday, March 27th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, DT Midstream has a consensus rating of "Hold" and a consensus price target of $104.67.

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.