Man Group plc Purchases Shares of 10,045 DT Midstream, Inc. (NYSE:DTM)

Man Group plc acquired a new stake in DT Midstream, Inc. (NYSE:DTM - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 10,045 shares of the company's stock, valued at approximately $999,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bessemer Group Inc. lifted its holdings in shares of DT Midstream by 61.6% in the fourth quarter. Bessemer Group Inc. now owns 307 shares of the company's stock worth $30,000 after buying an additional 117 shares in the last quarter. Sound Income Strategies LLC grew its position in DT Midstream by 93.7% during the fourth 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. UMB Bank n.a. grew its holdings in shares of DT Midstream by 53.2% in the fourth quarter. UMB Bank n.a. now owns 481 shares of the company's stock worth $48,000 after purchasing an additional 167 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of DT Midstream in the fourth quarter worth approximately $50,000. Finally, Wilmington Savings Fund Society FSB grew its holdings in shares of DT Midstream by 38.3% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 509 shares of the company's stock worth $51,000 after purchasing an additional 141 shares during the last quarter. 81.53% of the stock is currently owned by institutional investors.

DT Midstream Stock Down 0.7%

Shares of NYSE:DTM traded down $0.69 during trading hours on Wednesday, hitting $104.94. The company's stock had a trading volume of 410,213 shares, compared to its average volume of 1,101,572. DT Midstream, Inc. has a 52 week low of $65.44 and a 52 week 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 company has a market capitalization of $10.66 billion, a price-to-earnings ratio of 25.54 and a beta of 0.77. The firm's fifty day moving average price is $98.01 and its 200 day moving average price is $100.01.

DT Midstream (NYSE:DTM - Get Free Report) last posted 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 return on equity of 9.31% and a net margin of 41.19%. During the same quarter last year, the firm earned $0.99 EPS. As a group, research analysts expect that DT Midstream, Inc. will post 3.8 EPS for the current year.

DT Midstream Dividend Announcement

The firm 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. This represents a $3.28 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date is Monday, June 16th. DT Midstream's dividend payout ratio (DPR) is presently 89.37%.

Insider Buying and Selling at DT Midstream

In related news, Director Robert C. Skaggs, Jr. purchased 1,000 shares of the business's stock in a transaction on Monday, March 10th. The shares were acquired at an average price of $86.92 per share, for a total transaction of $86,920.00. Following the purchase, the director now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders acquired 1,235 shares of company stock worth $109,867. 0.34% of the stock is owned by insiders.

Analyst Ratings Changes

DTM has been the subject of a number of research analyst reports. UBS Group raised their price target on DT Midstream from $102.00 to $115.00 and gave the stock a "buy" rating in a research note on Thursday, March 27th. Barclays raised their price target on DT Midstream from $102.00 to $103.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 20th. Bank of America initiated coverage on DT Midstream in a research note on Monday, March 24th. They issued a "buy" rating and a $110.00 price target for the company. Raymond James raised their price target on DT Midstream from $110.00 to $115.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. Finally, Williams Trading set a $110.00 price target on DT Midstream in a research note on Monday, March 24th. Two investment 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, the company has an average rating of "Hold" and an average target price of $108.36.

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.