Wealth Enhancement Advisory Services LLC boosted its position in DT Midstream, Inc. (NYSE:DTM - Free Report) by 26.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,830 shares of the company's stock after buying an additional 2,510 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in DT Midstream were worth $1,176,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Bessemer Group Inc. boosted its holdings in DT Midstream by 61.6% in the fourth quarter. Bessemer Group Inc. now owns 307 shares of the company's stock valued at $30,000 after purchasing an additional 117 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of DT Midstream in the fourth quarter worth about $50,000. Wilmington Savings Fund Society FSB boosted its stake 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 buying an additional 141 shares during the last quarter. Larson Financial Group LLC grew its holdings 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 during the period. Finally, Jones Financial Companies Lllp raised its position in DT Midstream by 15.0% during the fourth quarter. Jones Financial Companies Lllp now owns 768 shares of the company's stock valued at $76,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 81.53% of the company's stock.
DT Midstream Stock Performance
Shares of NYSE:DTM traded up $0.61 during trading on Thursday, reaching $106.12. The company had a trading volume of 529,560 shares, compared to its average volume of 884,218. DT Midstream, Inc. has a fifty-two week low of $66.98 and a fifty-two 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 stock's fifty day moving average price is $100.00 and its 200 day moving average price is $100.31. The firm has a market capitalization of $10.78 billion, a price-to-earnings ratio of 25.82 and a beta of 0.78.
DT Midstream (NYSE:DTM - Get Free Report) last announced 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 firm had revenue of $288.81 million for the quarter, compared to analysts' expectations 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 in the previous year, the company posted $0.99 EPS. As a group, equities research analysts predict that DT Midstream, Inc. will post 3.8 EPS for the current year.
DT Midstream Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 16th will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date is Monday, June 16th. DT Midstream's dividend payout ratio is presently 89.37%.
Analyst Upgrades and Downgrades
Several analysts recently commented on DTM shares. US Capital Advisors lowered shares of DT Midstream from a "moderate buy" rating to a "hold" rating in a research report on Monday, April 28th. Morgan Stanley set a $115.00 target price on DT Midstream and gave the company an "underweight" rating in a research report on Tuesday, June 3rd. Bank of America assumed coverage on DT Midstream in a research report on Monday, March 24th. They issued a "buy" rating and a $110.00 target price on the stock. Barclays lifted their price objective on shares of DT Midstream from $102.00 to $103.00 and gave the company an "equal weight" rating in a report on Tuesday, May 20th. Finally, UBS Group upped their price target on DT Midstream from $102.00 to $115.00 and gave the stock a "buy" rating in a report on Thursday, March 27th. Two 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. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $109.27.
Get Our Latest Stock Report on DTM
About DT Midstream
(
Free Report)
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.
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