Catalyst Capital Advisors LLC Boosts Stock Holdings in DT Midstream, Inc. (NYSE:DTM)

Catalyst Capital Advisors LLC increased its stake in DT Midstream, Inc. (NYSE:DTM - Free Report) by 10.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 144,025 shares of the company's stock after acquiring an additional 13,243 shares during the period. Catalyst Capital Advisors LLC owned approximately 0.14% of DT Midstream worth $13,896,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Oppenheimer & Co. Inc. acquired a new stake in DT Midstream in the 4th quarter valued at about $645,000. Metis Global Partners LLC increased its stake in shares of DT Midstream by 3.7% during the fourth quarter. Metis Global Partners LLC now owns 5,597 shares of the company's stock worth $557,000 after buying an additional 202 shares during the period. Smartleaf Asset Management LLC raised its holdings in DT Midstream by 327.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,780 shares of the company's stock valued at $178,000 after acquiring an additional 1,364 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in DT Midstream by 15.0% in the fourth quarter. Jones Financial Companies Lllp now owns 768 shares of the company's stock worth $76,000 after acquiring an additional 100 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in DT Midstream in the fourth quarter worth approximately $155,000. 81.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on DTM shares. UBS Group increased their price objective on shares of DT Midstream from $102.00 to $115.00 and gave the company a "buy" rating in a research report on Thursday, March 27th. Williams Trading set a $110.00 target price on DT Midstream in a report on Monday, March 24th. Morgan Stanley set a $115.00 price target on DT Midstream and gave the company an "underweight" rating in a research note on Tuesday, June 3rd. US Capital Advisors downgraded DT Midstream from a "moderate buy" rating to a "hold" rating in a report on Monday, April 28th. Finally, Bank of America assumed coverage on DT Midstream in a report on Monday, March 24th. They issued a "buy" rating and a $110.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $109.27.

DT Midstream Stock Performance

Shares of DTM stock opened at $105.94 on Friday. The stock's 50-day moving average is $104.15 and its two-hundred day moving average is $100.73. 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, Inc. has a 1 year low of $68.88 and a 1 year high of $114.50. The firm has a market cap of $10.76 billion, a price-to-earnings ratio of 28.87, a PEG ratio of 1.69 and a beta of 0.78.

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

DT Midstream Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 16th will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 3.10%. The ex-dividend date is Monday, June 16th. DT Midstream's payout ratio is currently 89.37%.

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.

Want to see what other hedge funds are holding DTM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DT Midstream, Inc. (NYSE:DTM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.