Alps Advisors Inc. Has $22.44 Million Position in DT Midstream, Inc. (NYSE:DTM)

Alps Advisors Inc. increased its position in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) by 26.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 232,547 shares of the company's stock after acquiring an additional 49,302 shares during the quarter. Alps Advisors Inc. owned 0.23% of DT Midstream worth $22,436,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in DTM. Alpine Bank Wealth Management purchased a new stake in DT Midstream in the 1st quarter worth approximately $26,000. Bessemer Group Inc. lifted its position in 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 acquiring an additional 117 shares during the last quarter. Versant Capital Management Inc boosted its stake in DT Midstream by 130.2% during the 1st quarter. Versant Capital Management Inc now owns 488 shares of the company's stock valued at $47,000 after purchasing an additional 276 shares during the period. Larson Financial Group LLC grew its stake in shares of DT Midstream by 21.1% in 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 during the last quarter. Finally, UMB Bank n.a. grew its position in DT Midstream by 50.3% in the 1st quarter. UMB Bank n.a. now owns 723 shares of the company's stock worth $70,000 after purchasing an additional 242 shares during the last quarter. 81.53% of the stock is owned by institutional investors and hedge funds.

DT Midstream Trading Up 0.6%

DTM stock traded up $0.62 during midday trading on Friday, hitting $103.28. 574,236 shares of the company's stock were exchanged, compared to its average volume of 912,765. DT Midstream, Inc. has a one year low of $69.82 and a one year high of $114.50. The stock's fifty day moving average price is $104.75 and its 200-day moving average price is $100.89. The company has a market cap of $10.49 billion, a PE ratio of 28.14, a price-to-earnings-growth ratio of 1.65 and a beta of 0.78. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.82 and a current ratio of 0.82.

DT Midstream (NYSE:DTM - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $1.06 EPS for the quarter, missing analysts' consensus estimates of $1.07 by ($0.01). The company had revenue of $288.81 million for the quarter, compared to analyst estimates of $285.48 million. DT Midstream had a return on equity of 8.46% and a net margin of 34.96%. During the same quarter in the previous year, the business earned $0.99 earnings per share. Research analysts predict that DT Midstream, Inc. will post 3.8 earnings per share for the current fiscal year.

DT Midstream Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 16th will be given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend is Monday, June 16th. DT Midstream's dividend payout ratio is presently 89.37%.

Wall Street Analyst Weigh In

DTM has been the topic of a number of recent research reports. Williams Trading set a $110.00 price target on shares of DT Midstream in a research note on Monday, March 24th. Barclays lifted their target price 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. UBS Group upped their price target on shares of DT Midstream from $102.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, March 27th. Morgan Stanley set a $115.00 price objective on DT Midstream and gave the company an "underweight" rating in a research report on Tuesday, June 3rd. Finally, Bank of America assumed coverage on shares of DT Midstream in a research note on Monday, March 24th. They issued a "buy" rating and a $110.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $109.27.

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.