Eagle Global Advisors LLC Buys 107,955 Shares of DT Midstream, Inc. (NYSE:DTM)

Eagle Global Advisors LLC lifted its position in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) by 33.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 435,365 shares of the company's stock after purchasing an additional 107,955 shares during the quarter. DT Midstream accounts for 1.8% of Eagle Global Advisors LLC's investment portfolio, making the stock its 13th largest holding. Eagle Global Advisors LLC owned 0.45% of DT Midstream worth $43,288,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Louisiana State Employees Retirement System grew its stake in DT Midstream by 0.4% in the 4th quarter. Louisiana State Employees Retirement System now owns 27,000 shares of the company's stock valued at $2,685,000 after purchasing an additional 100 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of DT Midstream by 15.0% in the 4th quarter. Jones Financial Companies Lllp now owns 768 shares of the company's stock worth $76,000 after buying an additional 100 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in DT Midstream by 17.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 696 shares of the company's stock valued at $69,000 after buying an additional 105 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in DT Midstream by 1.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 12,137 shares of the company's stock worth $1,235,000 after buying an additional 116 shares during the last quarter. Finally, Lakeshore Financial Planning Inc. raised its position in DT Midstream by 4.2% in the fourth quarter. Lakeshore Financial Planning Inc. now owns 2,868 shares of the company's stock worth $285,000 after acquiring an additional 116 shares during the period. 81.53% of the stock is currently owned by institutional investors.

DT Midstream Price Performance

DTM traded down $1.54 on Monday, reaching $99.70. The company had a trading volume of 266,382 shares, compared to its average volume of 864,590. DT Midstream, Inc. has a 52-week low of $64.56 and a 52-week high of $114.50. The company has a market cap of $10.13 billion, a price-to-earnings ratio of 24.26 and a beta of 0.77. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 0.95. The business has a 50 day simple moving average of $95.66 and a 200 day simple moving average of $99.09.

DT Midstream (NYSE:DTM - Get Free Report) last announced 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). The firm had revenue of $288.81 million for the quarter, compared to the consensus estimate of $285.48 million. DT Midstream had a net margin of 41.19% and a return on equity of 9.31%. During the same quarter last year, the company posted $0.99 earnings per share. As a group, sell-side analysts anticipate that DT Midstream, Inc. will post 3.8 EPS for the current year.

DT Midstream Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 16th will be paid a $0.82 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $3.28 dividend on an annualized basis and a yield of 3.29%. DT Midstream's dividend payout ratio (DPR) is currently 89.37%.

Wall Street Analysts Forecast Growth

DTM has been the topic of several research analyst reports. Wells Fargo & Company dropped their price objective on DT Midstream from $118.00 to $108.00 and set an "overweight" rating on the stock in a research note on Friday, February 28th. Raymond James upped their price target on DT Midstream from $110.00 to $115.00 and gave the company an "outperform" rating in a research report on Tuesday, January 28th. Morgan Stanley lifted their price objective on DT Midstream from $92.00 to $105.00 and gave the stock an "underweight" rating in a report on Tuesday, March 25th. Stifel Nicolaus lowered their price objective on DT Midstream from $106.00 to $102.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. Finally, JPMorgan Chase & Co. increased their target price on shares of DT Midstream from $109.00 to $115.00 and gave the stock a "neutral" rating in a research report on Friday, January 24th. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $108.27.

Insider Buying and Selling at DT Midstream

In other news, Director Robert C. Skaggs, Jr. acquired 1,000 shares of the stock in a transaction dated Monday, March 10th. The stock was purchased 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 owns 38,653 shares in the company, valued at approximately $3,359,718.76. The trade was a 2.66% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders purchased 1,235 shares of company stock worth $109,867. 0.34% of the stock is currently owned by insiders.

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.