Jackson Creek Investment Advisors LLC Purchases Shares of 7,576 DT Midstream, Inc. (NYSE:DTM)

Jackson Creek Investment Advisors LLC bought a new position in DT Midstream, Inc. (NYSE:DTM - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 7,576 shares of the company's stock, valued at approximately $538,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Family Firm Inc. acquired a new position in DT Midstream during the 2nd quarter worth about $26,000. First Command Advisory Services Inc. acquired a new position in shares of DT Midstream during the second quarter worth approximately $31,000. American National Bank increased its holdings in shares of DT Midstream by 100.0% in the second quarter. American National Bank now owns 468 shares of the company's stock valued at $33,000 after purchasing an additional 234 shares in the last quarter. Mather Group LLC. acquired a new stake in shares of DT Midstream in the first quarter valued at approximately $29,000. Finally, ICA Group Wealth Management LLC acquired a new position in DT Midstream during the 4th quarter worth $32,000. 81.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Stifel Nicolaus lifted their target price on DT Midstream from $70.00 to $78.00 and gave the company a "buy" rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. lifted their price objective on DT Midstream from $75.00 to $78.00 and gave the stock a "neutral" rating in a research report on Friday, August 2nd. Wells Fargo & Company boosted their price objective on DT Midstream from $77.00 to $87.00 and gave the stock an "overweight" rating in a report on Wednesday, July 31st. Barclays raised their target price on shares of DT Midstream from $66.00 to $72.00 and gave the company an "overweight" rating in a research note on Wednesday, July 17th. Finally, Citigroup boosted their price target on shares of DT Midstream from $62.00 to $76.00 and gave the stock a "neutral" rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $70.75.

DT Midstream Trading Up 0.4 %

NYSE DTM traded up $0.34 during trading on Thursday, reaching $76.82. 560,070 shares of the stock traded hands, compared to its average volume of 652,316. DT Midstream, Inc. has a fifty-two week low of $50.54 and a fifty-two week high of $78.83. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.71. The firm has a market cap of $7.46 billion, a price-to-earnings ratio of 18.74 and a beta of 0.74. The stock's 50-day moving average price is $73.57 and its 200 day moving average price is $66.78.

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

DT Midstream Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 16th will be paid 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 3.83%. DT Midstream's payout ratio is 71.71%.

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.