DT Midstream, Inc. (NYSE:DTM) Shares Sold by Krane Funds Advisors LLC

Krane Funds Advisors LLC trimmed its stake in shares of DT Midstream, Inc. (NYSE:DTM) by 28.5% during the fourth quarter, HoldingsChannel reports. The fund owned 4,448 shares of the company’s stock after selling 1,773 shares during the quarter. Krane Funds Advisors LLC’s holdings in DT Midstream were worth $442,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in DTM. AdvisorNet Financial Inc raised its stake in DT Midstream by 106.7% during the fourth quarter. AdvisorNet Financial Inc now owns 310 shares of the company’s stock valued at $31,000 after buying an additional 160 shares in the last quarter. Sound Income Strategies LLC boosted its holdings in DT Midstream by 93.7% in the fourth quarter. Sound Income Strategies LLC now owns 337 shares of the company’s stock worth $34,000 after purchasing an additional 163 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in DT Midstream during the third quarter valued at $29,000. UMB Bank n.a. boosted its holdings in shares of DT Midstream by 53.2% in the 4th quarter. UMB Bank n.a. now owns 481 shares of the company’s stock valued at $48,000 after buying an additional 167 shares during the period. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of DT Midstream during the 4th quarter valued at about $50,000. 81.53% of the stock is owned by institutional investors and hedge funds.

DT Midstream Stock Down 8.0 %

Shares of DT Midstream stock opened at $87.03 on Monday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.61. DT Midstream, Inc. has a 12-month low of $61.01 and a 12-month high of $114.50. The firm has a market capitalization of $8.84 billion, a PE ratio of 21.18 and a beta of 0.77. The stock’s fifty day moving average is $97.33 and its 200-day moving average is $96.69.

DT Midstream Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be given a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 3.77%. The ex-dividend date is Monday, March 17th. This is a boost from DT Midstream’s previous quarterly dividend of $0.74. DT Midstream’s dividend payout ratio (DPR) is 91.11%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on DTM shares. Williams Trading set a $110.00 price target on DT Midstream in a report on Monday, March 24th. JPMorgan Chase & Co. raised their target price on DT Midstream from $109.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. UBS Group boosted their target price on shares of DT Midstream from $102.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, March 27th. The Goldman Sachs Group boosted their price objective on DT Midstream from $74.00 to $94.00 and gave the stock a “sell” rating in a research report on Thursday, December 19th. Finally, Wells Fargo & Company lowered 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. Two analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $105.08.

Insider Activity

In other news, Director Robert C. Skaggs, Jr. bought 1,000 shares of the stock in a transaction on Monday, March 10th. The shares were purchased at an average price of $86.92 per share, for a total transaction of $86,920.00. Following the completion of the purchase, 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders have acquired 1,170 shares of company stock worth $103,357. 0.04% of the stock is owned by corporate insiders.

About DT Midstream

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.