MetLife Investment Management LLC Purchases 4,576 Shares of DT Midstream, Inc. (NYSE:DTM)

MetLife Investment Management LLC boosted its position in DT Midstream, Inc. (NYSE:DTM - Free Report) by 9.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 54,767 shares of the company's stock after purchasing an additional 4,576 shares during the period. MetLife Investment Management LLC owned about 0.06% of DT Midstream worth $5,445,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Friedenthal Financial acquired a new stake in shares of DT Midstream in the fourth quarter valued at approximately $764,000. Truist Financial Corp acquired a new stake in DT Midstream during the 4th quarter valued at $771,000. Thrivent Financial for Lutherans boosted its position in DT Midstream by 55.9% during the fourth quarter. Thrivent Financial for Lutherans now owns 35,570 shares of the company's stock worth $3,536,000 after purchasing an additional 12,755 shares during the period. UMB Bank n.a. increased its holdings in shares of DT Midstream by 53.2% in 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, Atria Investments Inc raised its position in shares of DT Midstream by 82.0% in the fourth quarter. Atria Investments Inc now owns 15,412 shares of the company's stock valued at $1,532,000 after purchasing an additional 6,946 shares during the period. Institutional investors own 81.53% of the company's stock.

Insiders Place Their Bets

In related news, Director Robert C. Skaggs, Jr. acquired 1,000 shares of the stock in a transaction dated Monday, March 10th. The stock was bought at an average price of $86.92 per share, for a total transaction of $86,920.00. Following the purchase, the director now directly owns 38,653 shares of the company's stock, valued at $3,359,718.76. The trade was a 2.66 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.34% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on DTM shares. UBS Group increased their price objective on DT Midstream from $102.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, March 27th. 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. US Capital Advisors raised DT Midstream from a "hold" rating to a "moderate buy" rating in a research report on Monday, April 7th. Bank of America began 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. Finally, Stifel Nicolaus dropped their target price 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. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, DT Midstream has a consensus rating of "Hold" and a consensus price target of $104.67.

DT Midstream Trading Up 0.1 %

DTM traded up $0.11 during trading on Monday, reaching $98.82. 583,346 shares of the stock traded hands, compared to its average volume of 849,719. 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 stock's 50-day moving average is $94.97 and its 200 day moving average is $98.16. DT Midstream, Inc. has a 12 month low of $61.01 and a 12 month high of $114.50. The stock has a market capitalization of $10.04 billion, a PE ratio of 24.07 and a beta of 0.77.

DT Midstream Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 17th were paid a dividend of $0.82 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $3.28 annualized dividend and a yield of 3.32%. This is a boost from DT Midstream's previous quarterly dividend of $0.74. DT Midstream's dividend payout ratio (DPR) is currently 91.11%.

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.