Hantz Financial Services Inc. Makes New Investment in DT Midstream, Inc. (NYSE:DTM)

Hantz Financial Services Inc. acquired a new position in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 9,029 shares of the company's stock, valued at approximately $641,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DTM. First Trust Advisors LP grew its holdings in shares of DT Midstream by 284.6% in the fourth quarter. First Trust Advisors LP now owns 1,524,401 shares of the company's stock valued at $83,537,000 after acquiring an additional 1,128,056 shares in the last quarter. Norges Bank bought a new position in shares of DT Midstream in the fourth quarter valued at approximately $61,638,000. Dimensional Fund Advisors LP grew its holdings in shares of DT Midstream by 8.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,401,572 shares of the company's stock valued at $186,407,000 after acquiring an additional 266,433 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of DT Midstream by 14.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 809,126 shares of the company's stock valued at $49,438,000 after acquiring an additional 99,755 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of DT Midstream by 1,223.2% in the first quarter. Cetera Investment Advisers now owns 54,107 shares of the company's stock valued at $3,306,000 after acquiring an additional 50,018 shares in the last quarter. 81.53% of the stock is owned by institutional investors.

DT Midstream Stock Performance

Shares of NYSE:DTM traded up $0.62 during trading on Monday, hitting $78.59. 825,900 shares of the company were exchanged, compared to its average volume of 654,713. The company has a market cap of $7.63 billion, a PE ratio of 19.17 and a beta of 0.74. The stock has a 50 day moving average of $73.16 and a 200 day moving average of $66.37. DT Midstream, Inc. has a 52-week low of $50.54 and a 52-week high of $78.83. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.84 and a quick ratio of 0.84.

DT Midstream (NYSE:DTM - Get Free Report) last posted its earnings results on Tuesday, July 30th. The company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.06. The firm had revenue of $244.00 million for the quarter, compared to the consensus estimate of $236.83 million. DT Midstream had a return on equity of 9.45% and a net margin of 42.10%. During the same quarter in the prior year, the business posted $0.93 earnings per share. As a group, equities research analysts predict that DT Midstream, Inc. will post 3.96 EPS for the current year.

DT Midstream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 16th will be given a $0.735 dividend. The ex-dividend date is Monday, September 16th. This represents a $2.94 dividend on an annualized basis and a dividend yield of 3.74%. DT Midstream's dividend payout ratio (DPR) is presently 71.71%.

Analyst Ratings Changes

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

About DT Midstream

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.