DT Midstream, Inc. (NYSE:DTM) Shares Purchased by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY boosted its holdings in DT Midstream, Inc. (NYSE:DTM - Free Report) by 4.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 180,506 shares of the company's stock after purchasing an additional 7,282 shares during the quarter. Miller Howard Investments Inc. NY owned about 0.19% of DT Midstream worth $12,821,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DTM. Blue Trust Inc. boosted its stake in DT Midstream by 16.0% in the 2nd quarter. Blue Trust Inc. now owns 1,032 shares of the company's stock worth $73,000 after buying an additional 142 shares during the last quarter. Raymond James & Associates increased its holdings in shares of DT Midstream by 1.1% in the 2nd quarter. Raymond James & Associates now owns 18,148 shares of the company's stock valued at $1,289,000 after acquiring an additional 201 shares during the last quarter. GAMMA Investing LLC grew its stake in DT Midstream by 21.3% during the 1st quarter. GAMMA Investing LLC now owns 1,185 shares of the company's stock worth $72,000 after buying an additional 208 shares during the last quarter. Azimuth Capital Investment Management LLC grew its stake in DT Midstream by 3.4% during the 4th quarter. Azimuth Capital Investment Management LLC now owns 6,289 shares of the company's stock worth $345,000 after buying an additional 209 shares during the last quarter. Finally, Commerce Bank grew its stake in DT Midstream by 1.2% during the 4th quarter. Commerce Bank now owns 18,815 shares of the company's stock worth $1,031,000 after buying an additional 220 shares during the last quarter. Hedge funds and other institutional investors own 81.53% of the company's stock.

DT Midstream Stock Performance

NYSE DTM traded down $0.01 during trading on Wednesday, reaching $76.50. 502,535 shares of the company's stock were exchanged, compared to its average volume of 652,561. DT Midstream, Inc. has a fifty-two week low of $50.54 and a fifty-two week high of $77.45. The business has a 50 day moving average price of $72.81 and a 200-day moving average price of $65.90. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.84 and a quick ratio of 0.71. The stock has a market capitalization of $7.43 billion, a P/E ratio of 18.66 and a beta of 0.74.

DT Midstream (NYSE:DTM - Get Free Report) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.06. DT Midstream had a return on equity of 9.45% and a net margin of 42.10%. The business had revenue of $244.00 million during the quarter, compared to analysts' expectations of $236.83 million. During the same period in the previous year, the company posted $0.93 earnings per share. Sell-side analysts forecast that DT Midstream, Inc. will post 3.9 earnings per share for the current fiscal year.

DT Midstream Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 16th will be issued a $0.735 dividend. The ex-dividend date is Monday, September 16th. This represents a $2.94 dividend on an annualized basis and a yield of 3.84%. DT Midstream's payout ratio is 71.71%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DTM. Stifel Nicolaus upped their price objective on DT Midstream from $70.00 to $78.00 and gave the company a "buy" rating in a report on Wednesday, July 31st. Wells Fargo & Company upped their target price on DT Midstream from $77.00 to $87.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 31st. Barclays increased their price objective on DT Midstream from $66.00 to $72.00 and gave the company an "overweight" rating in a report on Wednesday, July 17th. Finally, JPMorgan Chase & Co. increased their price objective on DT Midstream from $75.00 to $78.00 and gave the company a "neutral" rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, DT Midstream presently has a consensus rating of "Hold" and an average price target of $70.00.

DT Midstream Company 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.

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