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

Catalyst Capital Advisors LLC grew its holdings in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) by 10.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 144,025 shares of the company's stock after purchasing an additional 13,243 shares during the period. Catalyst Capital Advisors LLC owned about 0.14% of DT Midstream worth $13,896,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bessemer Group Inc. increased its stake in DT Midstream by 44.0% during the first quarter. Bessemer Group Inc. now owns 442 shares of the company's stock worth $43,000 after purchasing an additional 135 shares during the period. True Link Financial Advisors LLC purchased a new stake in DT Midstream during the first quarter worth about $238,000. Thrivent Financial for Lutherans increased its stake in DT Midstream by 55.9% during the fourth quarter. Thrivent Financial for Lutherans now owns 35,570 shares of the company's stock worth $3,536,000 after purchasing an additional 12,755 shares during the period. Atria Investments Inc increased its stake in DT Midstream by 82.0% during the fourth quarter. Atria Investments Inc now owns 15,412 shares of the company's stock worth $1,532,000 after purchasing an additional 6,946 shares during the period. Finally, M1 Capital Management LLC purchased a new stake in DT Midstream during the fourth quarter worth about $404,000. 81.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. US Capital Advisors lowered shares of DT Midstream from a "moderate buy" rating to a "hold" rating in a research note on Monday, April 28th. Barclays upped their target price on shares of DT Midstream from $102.00 to $103.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 20th. Morgan Stanley set a $115.00 target price on shares of DT Midstream and gave the stock an "underweight" rating in a research note on Tuesday, June 3rd. UBS Group upped their target price on shares of DT Midstream from $102.00 to $115.00 and gave the stock a "buy" rating in a research note on Thursday, March 27th. Finally, Williams Trading set a $110.00 target price on shares of DT Midstream in a research note on Monday, March 24th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $109.27.

DT Midstream Stock Down 1.1%

DTM traded down $1.21 on Monday, reaching $104.73. The company's stock had a trading volume of 563,424 shares, compared to its average volume of 905,333. The stock has a 50 day moving average of $104.42 and a two-hundred day moving average of $100.86. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $10.64 billion, a price-to-earnings ratio of 28.54, a P/E/G ratio of 1.69 and a beta of 0.78. DT Midstream, Inc. has a fifty-two week low of $68.88 and a fifty-two week high of $114.50.

DT Midstream (NYSE:DTM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $1.06 earnings per share for the quarter, missing the consensus estimate 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 in the previous year, the company posted $0.99 earnings per share. As a group, analysts forecast that DT Midstream, Inc. will post 3.8 EPS for the current fiscal 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 3.13%. 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.