Vestmark Advisory Solutions Inc. Grows Position in DT Midstream, Inc. (NYSE:DTM)

Vestmark Advisory Solutions Inc. raised its position in DT Midstream, Inc. (NYSE:DTM) by 24.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,214 shares of the company’s stock after purchasing an additional 627 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in DT Midstream were worth $320,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Van ECK Associates Corp raised its holdings in shares of DT Midstream by 18.6% in the third quarter. Van ECK Associates Corp now owns 33,239 shares of the company’s stock worth $2,898,000 after buying an additional 5,208 shares during the period. Asset Management One Co. Ltd. grew its position in DT Midstream by 5.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 9,719 shares of the company’s stock valued at $764,000 after acquiring an additional 470 shares during the last quarter. CWA Asset Management Group LLC purchased a new stake in DT Midstream in the third quarter worth $372,000. Lindbrook Capital LLC lifted its position in shares of DT Midstream by 49.9% during the third quarter. Lindbrook Capital LLC now owns 13,556 shares of the company’s stock worth $1,066,000 after purchasing an additional 4,510 shares during the last quarter. Finally, Atria Investments Inc purchased a new stake in shares of DT Midstream during the third quarter valued at $666,000. Institutional investors own 81.53% of the company’s stock.

DT Midstream Trading Down 1.7 %

Shares of NYSE DTM opened at $88.16 on Monday. DT Midstream, Inc. has a 1-year low of $57.16 and a 1-year high of $114.50. The business has a fifty day moving average price of $101.68 and a 200 day moving average price of $93.97. The stock has a market capitalization of $8.94 billion, a P/E ratio of 21.45 and a beta of 0.80. 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 Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be issued a $0.82 dividend. This is a boost from DT Midstream’s previous quarterly dividend of $0.74. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date is Monday, March 17th. DT Midstream’s dividend payout ratio (DPR) is currently 91.11%.

Wall Street Analysts Forecast Growth

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

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.