DT Midstream, Inc. (NYSE:DTM) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in DT Midstream, Inc. (NYSE:DTM - Free Report) by 3.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 241,200 shares of the company's stock after purchasing an additional 7,956 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.25% of DT Midstream worth $18,973,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. UMB Bank n.a. grew its holdings in DT Midstream by 324.3% during the third quarter. UMB Bank n.a. now owns 314 shares of the company's stock worth $25,000 after acquiring an additional 240 shares during the period. V Square Quantitative Management LLC acquired a new stake in DT Midstream during the third quarter worth about $29,000. Family Firm Inc. acquired a new stake in DT Midstream during the second quarter worth about $26,000. First Command Advisory Services Inc. acquired a new stake in DT Midstream during the second quarter worth about $31,000. Finally, American National Bank grew its holdings in DT Midstream by 100.0% during the second quarter. American National Bank now owns 468 shares of the company's stock worth $33,000 after acquiring an additional 234 shares during the period. 81.53% of the stock is owned by institutional investors and hedge funds.

DT Midstream Trading Down 1.3 %

DT Midstream stock traded down $1.34 during trading on Friday, reaching $102.93. 639,400 shares of the company were exchanged, compared to its average volume of 677,892. DT Midstream, Inc. has a 52-week low of $51.17 and a 52-week high of $109.85. The company has a market capitalization of $10.00 billion, a P/E ratio of 25.37 and a beta of 0.77. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.95 and a quick ratio of 0.95. The stock's 50 day simple moving average is $93.13 and its two-hundred day simple moving average is $79.64.

DT Midstream (NYSE:DTM - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.90 EPS for the quarter, missing analysts' consensus estimates of $0.95 by ($0.05). The company had revenue of $248.00 million for the quarter, compared to analysts' expectations of $242.64 million. DT Midstream had a return on equity of 9.31% and a net margin of 41.19%. During the same quarter in the previous year, the business posted $0.94 EPS. On average, equities research analysts expect that DT Midstream, Inc. will post 3.85 earnings per share for the current fiscal year.

DT Midstream Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th will be paid a dividend of $0.735 per share. The ex-dividend date is Monday, December 16th. This represents a $2.94 annualized dividend and a yield of 2.86%. DT Midstream's dividend payout ratio (DPR) is 71.53%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on DTM shares. Stifel Nicolaus downgraded DT Midstream from a "buy" rating to a "hold" rating and increased their price target for the stock from $78.00 to $89.00 in a research report on Wednesday, October 30th. Barclays increased their price target on DT Midstream from $85.00 to $92.00 and gave the stock an "overweight" rating in a research report on Monday, November 4th. JPMorgan Chase & Co. increased their price target on DT Midstream from $78.00 to $83.00 and gave the stock a "neutral" rating in a research report on Friday, October 4th. The Goldman Sachs Group increased their price target 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, Morgan Stanley raised their target price on DT Midstream from $82.00 to $92.00 and gave the company an "underweight" rating in a research report on Friday, October 25th. 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. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $84.78.

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.