Williamson Legacy Group LLC Acquires New Holdings in DT Midstream, Inc. (NYSE:DTM)

Williamson Legacy Group LLC bought a new stake in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,184 shares of the company's stock, valued at approximately $416,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP raised its stake in DT Midstream by 225.4% during the third quarter. Wellington Management Group LLP now owns 145,556 shares of the company's stock valued at $11,449,000 after purchasing an additional 100,825 shares in the last quarter. Friedenthal Financial purchased a new stake in shares of DT Midstream during the 4th quarter valued at about $764,000. Atria Investments Inc bought a new position in shares of DT Midstream in the 3rd quarter valued at about $666,000. Bridgewater Associates LP grew its position in DT Midstream by 57.6% in the third quarter. Bridgewater Associates LP now owns 185,306 shares of the company's stock worth $14,576,000 after acquiring an additional 67,725 shares in the last quarter. Finally, State Street Corp grew its position in DT Midstream by 6.4% in the third quarter. State Street Corp now owns 3,385,579 shares of the company's stock worth $268,757,000 after acquiring an additional 202,447 shares in the last quarter. 81.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. raised their price objective on DT Midstream from $109.00 to $115.00 and gave the company a "neutral" rating in a research note on Friday, January 24th. Wells Fargo & Company decreased their price target on DT Midstream from $118.00 to $108.00 and set an "overweight" rating on the stock in a report on Friday, February 28th. Citigroup raised shares of DT Midstream from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $90.00 to $115.00 in a research note on Thursday, November 21st. The Goldman Sachs Group increased their target price on shares of DT Midstream from $74.00 to $94.00 and gave the company a "sell" rating in a research note on Thursday, December 19th. Finally, Raymond James raised their target price on shares of DT Midstream from $110.00 to $115.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. Two research analysts have 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 data from MarketBeat, DT Midstream currently has a consensus rating of "Hold" and an average price target of $102.00.

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DT Midstream Trading Up 0.4 %

Shares of DTM traded up $0.41 during trading hours on Wednesday, reaching $93.65. 1,288,018 shares of the company traded hands, compared to its average volume of 735,074. The stock's fifty day moving average price is $102.31 and its 200 day moving average price is $93.66. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61. The firm has a market cap of $9.49 billion, a price-to-earnings ratio of 22.79 and a beta of 0.79. DT Midstream, Inc. has a 12-month low of $57.16 and a 12-month high of $114.50.

DT Midstream Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be given a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 3.50%. This is a boost from DT Midstream's previous quarterly dividend of $0.74. The ex-dividend date is Monday, March 17th. DT Midstream's payout ratio is 91.11%.

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.