Cetera Investment Advisers Buys 5,073 Shares of DT Midstream, Inc. (NYSE:DTM)

Cetera Investment Advisers boosted its holdings in DT Midstream, Inc. (NYSE:DTM - Free Report) by 7.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,139 shares of the company's stock after acquiring an additional 5,073 shares during the quarter. Cetera Investment Advisers owned 0.08% of DT Midstream worth $7,670,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Friedenthal Financial purchased a new position in shares of DT Midstream in the fourth quarter worth $764,000. Truist Financial Corp bought a new stake in DT Midstream in the 4th quarter worth about $771,000. Thrivent Financial for Lutherans raised its position in DT Midstream by 55.9% in the 4th quarter. Thrivent Financial for Lutherans now owns 35,570 shares of the company's stock worth $3,536,000 after buying an additional 12,755 shares during the last quarter. UMB Bank n.a. lifted its stake in DT Midstream by 53.2% during the 4th quarter. UMB Bank n.a. now owns 481 shares of the company's stock valued at $48,000 after acquiring an additional 167 shares during the period. Finally, Atria Investments Inc lifted its stake in DT Midstream by 82.0% during the 4th quarter. Atria Investments Inc now owns 15,412 shares of the company's stock valued at $1,532,000 after acquiring an additional 6,946 shares during the period. 81.53% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Robert C. Skaggs, Jr. acquired 1,000 shares of the company's stock in a transaction on Monday, March 10th. The stock was bought at an average cost of $86.92 per share, with a total value 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 represents a 2.66% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last quarter, insiders purchased 1,235 shares of company stock worth $109,867. Corporate insiders own 0.34% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on DTM. Bank of America initiated coverage on shares of DT Midstream in a report on Monday, March 24th. They set a "buy" rating and a $110.00 price objective for the company. Barclays cut their target price on shares of DT Midstream from $107.00 to $102.00 and set an "equal weight" rating for the company in a research report on Friday, April 11th. JPMorgan Chase & Co. increased their price target on DT Midstream from $109.00 to $115.00 and gave the company a "neutral" rating in a report on Friday, January 24th. US Capital Advisors downgraded DT Midstream from a "moderate buy" rating to a "hold" rating in a research note on Monday, April 28th. Finally, Wells Fargo & Company reduced their price objective on DT Midstream from $118.00 to $108.00 and set an "overweight" rating for the company in a research report on Friday, February 28th. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, DT Midstream presently has a consensus rating of "Hold" and an average price target of $108.27.

DT Midstream Price Performance

Shares of NYSE DTM traded up $0.51 during midday trading on Friday, reaching $104.04. 569,298 shares of the stock traded hands, compared to its average volume of 869,111. The company's 50 day moving average is $96.67 and its 200 day moving average is $99.33. DT Midstream, Inc. has a one year low of $65.43 and a one year high of $114.50. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market capitalization of $10.57 billion, a PE ratio of 25.31 and a beta of 0.77.

DT Midstream (NYSE:DTM - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $1.06 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.01). DT Midstream had a net margin of 41.19% and a return on equity of 9.31%. The business had revenue of $288.81 million for the quarter, compared to the consensus estimate of $285.48 million. During the same quarter last year, the business earned $0.99 EPS. On average, equities research analysts anticipate that DT Midstream, Inc. will post 3.8 earnings per share for the current year.

DT Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 16th will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date is Monday, June 16th. DT Midstream's payout ratio is 89.37%.

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.