DT Midstream, Inc. (NYSE:DTM) Shares Acquired by FORA Capital LLC

FORA Capital LLC lifted its holdings in DT Midstream, Inc. (NYSE:DTM) by 31.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,297 shares of the company’s stock after buying an additional 4,186 shares during the period. FORA Capital LLC’s holdings in DT Midstream were worth $1,361,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Atria Investments Inc acquired a new stake in DT Midstream during the third quarter valued at $666,000. Cetera Investment Advisers lifted its position in shares of DT Midstream by 1,223.2% in the first quarter. Cetera Investment Advisers now owns 54,107 shares of the company’s stock worth $3,306,000 after buying an additional 50,018 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of DT Midstream by 15.3% in the second quarter. Envestnet Asset Management Inc. now owns 121,876 shares of the company’s stock worth $8,657,000 after buying an additional 16,171 shares during the last quarter. GSA Capital Partners LLP lifted its position in shares of DT Midstream by 31.9% in the third quarter. GSA Capital Partners LLP now owns 27,209 shares of the company’s stock worth $2,140,000 after buying an additional 6,575 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of DT Midstream by 151.8% in the third quarter. Victory Capital Management Inc. now owns 113,374 shares of the company’s stock worth $8,918,000 after buying an additional 68,350 shares during the last quarter. Institutional investors and hedge funds own 81.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on DTM shares. JPMorgan Chase & Co. boosted their price target on DT Midstream from $78.00 to $83.00 and gave the stock a “neutral” rating in a research report on Friday, October 4th. Stifel Nicolaus lowered DT Midstream from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $78.00 to $89.00 in a research note on Wednesday, October 30th. Morgan Stanley lifted their price objective on DT Midstream from $82.00 to $92.00 and gave the stock an “underweight” rating in a research note on Friday, October 25th. The Goldman Sachs Group lifted their price objective on DT Midstream from $66.00 to $74.00 and gave the stock a “sell” rating in a research note on Tuesday, November 5th. Finally, Barclays lifted their price objective on DT Midstream from $85.00 to $92.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, DT Midstream currently has an average rating of “Hold” and a consensus price target of $84.78.

DT Midstream Trading Down 0.9 %

Shares of DTM opened at $105.82 on Thursday. DT Midstream, Inc. has a 12-month low of $51.17 and a 12-month high of $109.85. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $10.28 billion, a price-to-earnings ratio of 25.75 and a beta of 0.71. The stock’s 50-day moving average price is $89.51 and its 200 day moving average price is $77.96.

DT Midstream (NYSE:DTM) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.90 earnings per share (EPS) 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 firm had revenue of $248.00 million for the quarter, compared to the consensus estimate of $242.64 million. During the same quarter in the prior year, the firm earned $0.94 earnings per share. As a group, research analysts predict that DT Midstream, Inc. will post 3.96 earnings per share for the current year.

DT Midstream Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th will be paid a $0.735 dividend. The ex-dividend date is Monday, December 16th. This represents a $2.94 annualized dividend and a dividend yield of 2.78%. DT Midstream’s dividend payout ratio is currently 71.53%.

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.