XTX Topco Ltd Invests $877,000 in DT Midstream, Inc. (NYSE:DTM)

XTX Topco Ltd bought a new stake in DT Midstream, Inc. (NYSE:DTM - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,152 shares of the company's stock, valued at approximately $877,000.

Several other large investors have also recently bought and sold shares of the business. Cetera Advisors LLC purchased a new position in shares of DT Midstream during the first quarter worth about $216,000. QRG Capital Management Inc. purchased a new position in DT Midstream in the second quarter valued at about $220,000. SG Americas Securities LLC purchased a new position in DT Midstream in the second quarter valued at about $252,000. Wealth Enhancement Advisory Services LLC increased its holdings in DT Midstream by 20.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 8,572 shares of the company's stock valued at $609,000 after buying an additional 1,464 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. purchased a new position in DT Midstream in the second quarter valued at about $234,000. Hedge funds and other institutional investors own 81.53% of the company's stock.

DT Midstream Trading Up 3.3 %

Shares of DTM traded up $3.27 during mid-day trading on Wednesday, reaching $101.50. The company had a trading volume of 909,113 shares, compared to its average volume of 679,138. The stock has a market cap of $9.86 billion, a price-to-earnings ratio of 23.92 and a beta of 0.77. The firm has a fifty day simple moving average of $94.43 and a 200-day simple moving average of $80.54. DT Midstream, Inc. has a fifty-two week low of $51.17 and a fifty-two week high of $109.85. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61.

DT Midstream (NYSE:DTM - Get Free Report) last posted its earnings results on Tuesday, October 29th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.05). The business had revenue of $248.00 million for the quarter, compared to analyst estimates of $242.64 million. DT Midstream had a net margin of 41.19% and a return on equity of 9.31%. During the same quarter in the previous year, the firm posted $0.94 EPS. On average, sell-side analysts anticipate that DT Midstream, Inc. will post 3.84 EPS 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. Investors of record on Monday, December 16th will be issued a dividend of $0.735 per share. The ex-dividend date is Monday, December 16th. This represents a $2.94 annualized dividend and a dividend yield of 2.90%. DT Midstream's payout ratio is 71.53%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on DTM shares. JPMorgan Chase & Co. increased their target price on shares of DT Midstream from $78.00 to $83.00 and gave the company a "neutral" rating in a report on Friday, October 4th. The Goldman Sachs Group raised their price objective on shares of DT Midstream from $66.00 to $74.00 and gave the stock a "sell" rating in a research note on Tuesday, November 5th. Morgan Stanley raised their price objective on shares of DT Midstream from $82.00 to $92.00 and gave the stock an "underweight" rating in a research note on Friday, October 25th. Stifel Nicolaus cut shares of DT Midstream from a "buy" rating to a "hold" rating and raised their price objective for the stock from $78.00 to $89.00 in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company lifted their target price on shares of DT Midstream from $87.00 to $100.00 and gave the stock an "overweight" rating in a research note on Thursday, October 31st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $84.78.

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.