Orion Portfolio Solutions LLC Sells 21,500 Shares of DT Midstream, Inc. (NYSE:DTM)

Orion Portfolio Solutions LLC decreased its position in DT Midstream, Inc. (NYSE:DTM - Free Report) by 49.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 22,413 shares of the company's stock after selling 21,500 shares during the period. Orion Portfolio Solutions LLC's holdings in DT Midstream were worth $1,763,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. UMB Bank n.a. grew its holdings in DT Midstream by 324.3% in the third quarter. UMB Bank n.a. now owns 314 shares of the company's stock valued at $25,000 after purchasing an additional 240 shares during the period. Family Firm Inc. purchased a new stake in shares of DT Midstream during the 2nd quarter valued at $26,000. V Square Quantitative Management LLC acquired a new stake in shares of DT Midstream during the 3rd quarter worth $29,000. First Command Advisory Services Inc. purchased a new position in shares of DT Midstream in the 2nd quarter worth $31,000. Finally, American National Bank boosted its holdings in 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 acquiring an additional 234 shares during the last quarter. Hedge funds and other institutional investors own 81.53% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Morgan Stanley raised their price target on shares of DT Midstream from $82.00 to $92.00 and gave the company an "underweight" rating in a report on Friday, October 25th. Stifel Nicolaus downgraded shares of DT Midstream from a "buy" rating to a "hold" rating and raised their target price for the company from $78.00 to $89.00 in a research note on Wednesday, October 30th. Citigroup upgraded shares of DT Midstream from a "neutral" rating to a "buy" rating and lifted their target price for the company from $90.00 to $115.00 in a report on Thursday, November 21st. The Goldman Sachs Group upped their target price on DT Midstream from $66.00 to $74.00 and gave the stock a "sell" rating in a research report on Tuesday, November 5th. Finally, Wells Fargo & Company raised their target price on DT Midstream from $87.00 to $100.00 and gave the company an "overweight" rating in a report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $84.78.

DT Midstream Trading Down 1.0 %

DTM stock traded down $1.00 during midday trading on Friday, hitting $100.64. 719,962 shares of the company's stock were exchanged, compared to its average volume of 680,307. DT Midstream, Inc. has a one year low of $51.17 and a one year high of $109.85. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market cap of $9.78 billion, a PE ratio of 24.73 and a beta of 0.77. The stock's fifty day moving average price is $95.20 and its 200-day moving average price is $80.83.

DT Midstream (NYSE:DTM - Get Free Report) last announced its earnings results on Tuesday, October 29th. The company reported $0.90 earnings per share for the quarter, missing analysts' consensus estimates of $0.95 by ($0.05). DT Midstream had a return on equity of 9.31% and a net margin of 41.19%. The company had revenue of $248.00 million during the quarter, compared to analyst estimates of $242.64 million. During the same period in the previous year, the company posted $0.94 earnings per share. Research analysts predict that DT Midstream, Inc. will post 3.84 earnings per share for the current fiscal year.

DT Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 16th will be paid a $0.735 dividend. The ex-dividend date is Monday, December 16th. This represents a $2.94 annualized dividend and a yield of 2.92%. DT Midstream's dividend payout ratio (DPR) is currently 71.53%.

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.