Chickasaw Capital Management LLC Has $31.54 Million Holdings in DT Midstream, Inc. (NYSE:DTM)

Chickasaw Capital Management LLC grew its holdings in DT Midstream, Inc. (NYSE:DTM) by 4.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 317,231 shares of the company’s stock after purchasing an additional 14,631 shares during the quarter. DT Midstream makes up approximately 1.3% of Chickasaw Capital Management LLC’s holdings, making the stock its 15th biggest holding. Chickasaw Capital Management LLC’s holdings in DT Midstream were worth $31,542,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. UMB Bank n.a. grew its stake 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 worth $25,000 after purchasing an additional 240 shares during the period. V Square Quantitative Management LLC acquired a new position in shares of DT Midstream in the 3rd quarter valued at $29,000. Wilmington Savings Fund Society FSB bought a new stake in shares of DT Midstream in the 3rd quarter valued at $29,000. Brooklyn Investment Group acquired a new stake in DT Midstream during the 3rd quarter worth $40,000. Finally, Ashton Thomas Securities LLC acquired a new position in DT Midstream in the third quarter valued at about $56,000. 81.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on DTM shares. Morgan Stanley boosted their price target on DT Midstream from $82.00 to $92.00 and gave the company an “underweight” rating in a report on Friday, October 25th. JPMorgan Chase & Co. boosted their target price on DT Midstream from $78.00 to $83.00 and gave the stock a “neutral” rating in a report on Friday, October 4th. 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 report on Thursday, November 21st. Stifel Nicolaus raised shares of DT Midstream from a “hold” rating to a “buy” rating and increased their price target for the company from $89.00 to $106.00 in a report on Thursday, December 19th. Finally, Barclays lifted their price objective on shares of DT Midstream from $85.00 to $92.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $88.89.

DT Midstream Price Performance

DTM remained flat at $103.12 during midday trading on Tuesday. The company’s stock had a trading volume of 327,529 shares, compared to its average volume of 628,699. The firm has a market capitalization of $10.02 billion, a price-to-earnings ratio of 25.09 and a beta of 0.79. The business has a fifty day moving average price of $100.13 and a 200 day moving average price of $84.91. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.95 and a quick ratio of 0.95. DT Midstream, Inc. has a 52-week low of $51.17 and a 52-week high of $109.85.

DT Midstream (NYSE:DTM) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.05). DT Midstream had a return on equity of 9.31% and a net margin of 41.19%. The company had revenue of $248.00 million during the quarter, compared to the consensus estimate of $242.64 million. During the same period in the prior year, the firm posted $0.94 EPS. On average, sell-side analysts predict that DT Midstream, Inc. will post 3.84 earnings per share for the current fiscal year.

DT Midstream Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th will be issued a $0.735 dividend. This represents a $2.94 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend is Monday, December 16th. DT Midstream’s payout ratio is 71.53%.

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.