Fractal Investments LLC Has $2.75 Million Stock Holdings in DT Midstream, Inc. (NYSE:DTM)

Fractal Investments LLC boosted its position in shares of DT Midstream, Inc. (NYSE:DTM) by 4.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,900 shares of the company’s stock after acquiring an additional 1,510 shares during the period. DT Midstream makes up approximately 0.5% of Fractal Investments LLC’s holdings, making the stock its 20th largest holding. Fractal Investments LLC’s holdings in DT Midstream were worth $2,745,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in DTM. UMB Bank n.a. increased its position in shares of DT Midstream by 324.3% during 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. acquired a new stake in DT Midstream during the second quarter worth $26,000. V Square Quantitative Management LLC bought a new stake in DT Midstream in the 3rd quarter valued at $29,000. First Command Advisory Services Inc. acquired a new position in shares of DT Midstream in the 2nd quarter valued at $31,000. Finally, American National Bank lifted its holdings in shares of DT Midstream by 100.0% during the 2nd 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. Institutional investors and hedge funds own 81.53% of the company’s stock.

DT Midstream Price Performance

Shares of DTM stock opened at $92.22 on Wednesday. The stock’s fifty day moving average is $81.64 and its 200-day moving average is $73.73. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 0.95. DT Midstream, Inc. has a 52 week low of $51.17 and a 52 week high of $92.47. The stock has a market capitalization of $8.96 billion, a PE ratio of 22.44 and a beta of 0.71.

DT Midstream (NYSE:DTM) last posted its quarterly earnings data 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). DT Midstream had a net margin of 41.19% and a return on equity of 9.31%. The company had revenue of $248.00 million during the quarter, compared to analyst estimates of $242.64 million. During the same quarter in the previous year, the business posted $0.94 EPS. Equities research analysts expect that DT Midstream, Inc. will post 3.96 EPS for the current fiscal year.

DT Midstream Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th will be given a $0.735 dividend. The ex-dividend date is Monday, December 16th. This represents a $2.94 dividend on an annualized basis and a yield of 3.19%. DT Midstream’s payout ratio is 71.53%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on DTM shares. Wells Fargo & Company increased their price target on shares of DT Midstream from $87.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Citigroup increased their target price on DT Midstream from $62.00 to $76.00 and gave the stock a “neutral” rating in a report on Wednesday, September 4th. Stifel Nicolaus downgraded DT Midstream from a “buy” rating to a “hold” rating and raised their target price for the stock from $78.00 to $89.00 in a research report on Wednesday, October 30th. Barclays upped their price target on DT Midstream from $85.00 to $92.00 and gave the company an “overweight” rating in a research report on Monday. Finally, The Goldman Sachs Group lifted their price objective on DT Midstream from $66.00 to $74.00 and gave the company a “sell” rating in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $80.44.

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.