13,152 Shares in DT Midstream, Inc. (NYSE:DTM) Bought by Voloridge Investment Management LLC

Voloridge Investment Management LLC purchased a new stake in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,152 shares of the company's stock, valued at approximately $1,308,000.

Other large investors have also recently bought and sold shares of the company. Bessemer Group Inc. raised its stake in shares of DT Midstream by 61.6% during the 4th quarter. Bessemer Group Inc. now owns 307 shares of the company's stock worth $30,000 after purchasing an additional 117 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in DT Midstream during the fourth quarter worth $50,000. Wilmington Savings Fund Society FSB increased its holdings in DT Midstream by 38.3% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 509 shares of the company's stock worth $51,000 after buying an additional 141 shares during the last quarter. Crews Bank & Trust bought a new stake in DT Midstream during the fourth quarter worth $53,000. Finally, Larson Financial Group LLC raised its position in DT Midstream by 21.1% during the fourth quarter. Larson Financial Group LLC now owns 683 shares of the company's stock worth $68,000 after acquiring an additional 119 shares in the last quarter. 81.53% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at DT Midstream

In related news, Director Robert C. Skaggs, Jr. purchased 1,000 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were bought at an average cost of $86.92 per share, with a total value of $86,920.00. Following the acquisition, 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 legal filing with the SEC, which is available through this hyperlink. 0.34% of the stock is owned by insiders.

DT Midstream Price Performance

DTM stock traded up $1.94 during mid-day trading on Monday, hitting $106.68. The stock had a trading volume of 648,922 shares, compared to its average volume of 880,590. The firm has a fifty day simple moving average of $98.48 and a 200 day simple moving average of $100.16. The firm has a market capitalization of $10.84 billion, a P/E ratio of 25.96 and a beta of 0.77. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61. DT Midstream, Inc. has a 52 week low of $66.37 and a 52 week high of $114.50.

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

DT Midstream Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders 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 annualized dividend and a dividend yield of 3.07%. DT Midstream's payout ratio is 89.37%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on DTM shares. Williams Trading set a $110.00 target price on DT Midstream in a research note on Monday, March 24th. Bank of America began coverage on shares of DT Midstream in a research report on Monday, March 24th. They set a "buy" rating and a $110.00 price objective for the company. Morgan Stanley increased their price objective on shares of DT Midstream from $92.00 to $105.00 and gave the company an "underweight" rating in a research report on Tuesday, March 25th. Stifel Nicolaus cut their target price on shares of DT Midstream from $106.00 to $102.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Finally, Barclays upped their price target on shares of DT Midstream from $102.00 to $103.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 20th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target 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.