202,376 Shares in DT Midstream, Inc. (NYSE:DTM) Purchased by Yaupon Capital Management LP

Yaupon Capital Management LP purchased a new position in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 202,376 shares of the company's stock, valued at approximately $20,122,000. Yaupon Capital Management LP owned about 0.21% of DT Midstream at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of DTM. Louisiana State Employees Retirement System raised its holdings in shares of DT Midstream by 0.4% during the fourth quarter. Louisiana State Employees Retirement System now owns 27,000 shares of the company's stock worth $2,685,000 after purchasing an additional 100 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of DT Midstream by 15.0% in the 4th quarter. Jones Financial Companies Lllp now owns 768 shares of the company's stock valued at $76,000 after buying an additional 100 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in shares of DT Midstream by 17.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 696 shares of the company's stock worth $69,000 after buying an additional 105 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in DT Midstream by 1.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 12,137 shares of the company's stock worth $1,235,000 after acquiring an additional 116 shares during the period. Finally, Lakeshore Financial Planning Inc. raised its position in DT Midstream by 4.2% during the fourth quarter. Lakeshore Financial Planning Inc. now owns 2,868 shares of the company's stock valued at $285,000 after acquiring an additional 116 shares in the last quarter. 81.53% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Robert C. Skaggs, Jr. bought 1,000 shares of the firm's stock in a transaction on Monday, March 10th. The shares were bought at an average cost of $86.92 per share, for a total transaction of $86,920.00. Following the acquisition, the director now directly owns 38,653 shares of the company's stock, valued at $3,359,718.76. This trade represents a 2.66 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 0.34% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have commented on DTM. JPMorgan Chase & Co. upped their price objective on DT Midstream from $109.00 to $115.00 and gave the stock a "neutral" rating in a research report on Friday, January 24th. Williams Trading set a $110.00 price target on shares of DT Midstream in a research report on Monday, March 24th. US Capital Advisors upgraded shares of DT Midstream from a "hold" rating to a "moderate buy" rating in a research report on Monday, April 7th. Wells Fargo & Company dropped their target price on DT Midstream from $118.00 to $108.00 and set an "overweight" rating on the stock in a research report on Friday, February 28th. Finally, Raymond James increased their price target on DT Midstream from $110.00 to $115.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $104.67.

DT Midstream Price Performance

DTM traded up $1.91 on Thursday, hitting $98.83. 719,511 shares of the company's stock were exchanged, compared to its average volume of 849,605. DT Midstream, Inc. has a fifty-two week low of $61.01 and a fifty-two week high of $114.50. The stock has a market cap of $10.04 billion, a price-to-earnings ratio of 24.05 and a beta of 0.77. The firm has a 50-day moving average price of $95.03 and a 200-day moving average price of $97.86. 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 Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th were issued a dividend of $0.82 per share. This is a boost from DT Midstream's previous quarterly dividend of $0.74. This represents a $3.28 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend was Monday, March 17th. DT Midstream's payout ratio is currently 91.11%.

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.