EAM Global Investors LLC Buys New Position in DT Midstream, Inc. (NYSE:DTM)

EAM Global Investors LLC acquired a new stake in DT Midstream, Inc. (NYSE:DTM - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 48,361 shares of the company's stock, valued at approximately $4,809,000.

A number of other institutional investors have also recently bought and sold shares of the business. Bessemer Group Inc. increased its holdings in DT Midstream by 61.6% in the fourth quarter. Bessemer Group Inc. now owns 307 shares of the company's stock valued at $30,000 after purchasing an additional 117 shares during the last quarter. AdvisorNet Financial Inc grew its position in shares of DT Midstream by 106.7% during the 4th quarter. AdvisorNet Financial Inc now owns 310 shares of the company's stock worth $31,000 after buying an additional 160 shares during the period. Sound Income Strategies LLC increased its stake in shares of DT Midstream by 93.7% in the 4th quarter. Sound Income Strategies LLC now owns 337 shares of the company's stock valued at $34,000 after acquiring an additional 163 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of DT Midstream in the 3rd quarter valued at approximately $29,000. Finally, UMB Bank n.a. boosted 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 worth $48,000 after acquiring an additional 167 shares during the last quarter. Institutional investors and hedge funds own 81.53% of the company's stock.

DT Midstream Stock Down 3.7 %

Shares of DTM stock traded down $3.59 on Monday, reaching $93.36. 166,167 shares of the company were exchanged, compared to its average volume of 847,855. 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 company has a 50-day moving average of $95.35 and a 200-day moving average of $97.72. The company has a market cap of $9.48 billion, a price-to-earnings ratio of 22.72 and a beta of 0.77. DT Midstream, Inc. has a one year low of $61.01 and a one year high of $114.50.

DT Midstream Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th were paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend was 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%.

Insider Transactions at DT Midstream

In other DT Midstream news, Director Robert C. Skaggs, Jr. acquired 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 acquisition, the director now owns 38,653 shares in the company, valued at approximately $3,359,718.76. This represents a 2.66 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.34% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on DTM. UBS Group boosted their price target on shares of DT Midstream from $102.00 to $115.00 and gave the company a "buy" rating in a report on Thursday, March 27th. Williams Trading set a $110.00 price target on DT Midstream in a report on Monday, March 24th. JPMorgan Chase & Co. lifted their price objective on DT Midstream from $109.00 to $115.00 and gave the company a "neutral" rating in a report on Friday, January 24th. Bank of America began coverage on DT Midstream in a research note on Monday, March 24th. They set a "buy" rating and a $110.00 target price for the company. Finally, US Capital Advisors raised shares of DT Midstream from a "hold" rating to a "moderate buy" rating in a research note on Monday, April 7th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, DT Midstream currently has a consensus rating of "Hold" and an average price target of $104.67.

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.