4,648 Shares in DT Midstream, Inc. (NYSE:DTM) Acquired by Florida Financial Advisors LLC

Florida Financial Advisors LLC acquired a new stake in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 4,648 shares of the company's stock, valued at approximately $448,000.

Several other institutional investors also recently bought and sold shares of the company. OneDigital Investment Advisors LLC purchased a new position in DT Midstream in the first quarter worth about $274,000. Bessemer Group Inc. boosted its position in DT Midstream by 44.0% in 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 last quarter. True Link Financial Advisors LLC purchased a new position in DT Midstream in the first quarter worth about $238,000. Thrivent Financial for Lutherans boosted its position in DT Midstream by 55.9% in 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 last quarter. Finally, Catalyst Capital Advisors LLC boosted its position in DT Midstream by 10.1% in the first quarter. Catalyst Capital Advisors LLC now owns 144,025 shares of the company's stock worth $13,896,000 after purchasing an additional 13,243 shares during the last quarter. 81.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on DTM shares. Morgan Stanley set a $115.00 price objective on DT Midstream and gave the stock 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 research note on Monday, April 28th. Williams Trading set a $110.00 target price on DT Midstream in a research report on Monday, March 24th. UBS Group boosted their target price on DT Midstream from $102.00 to $115.00 and gave the company a "buy" rating in a research report on Thursday, March 27th. Finally, Barclays boosted their price objective on DT Midstream from $102.00 to $103.00 and gave the company an "equal weight" rating in a report on Tuesday, May 20th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, DT Midstream presently has a consensus rating of "Hold" and a consensus price target of $109.27.

DT Midstream Stock Down 0.7%

DTM stock traded down $0.72 during mid-day trading on Thursday, reaching $102.53. The company had a trading volume of 689,965 shares, compared to its average volume of 914,140. 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 fifty-two week low of $69.82 and a fifty-two week high of $114.50. The company has a market capitalization of $10.42 billion, a price-to-earnings ratio of 27.94, a price-to-earnings-growth ratio of 1.65 and a beta of 0.78. The firm has a fifty day simple moving average of $104.91 and a 200 day simple moving average of $100.96.

DT Midstream (NYSE:DTM - Get Free Report) last released its quarterly 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). DT Midstream had a return on equity of 8.46% and a net margin of 34.96%. The firm had revenue of $288.81 million for the quarter, compared to analysts' expectations of $285.48 million. During the same quarter in the prior year, the business earned $0.99 EPS. Analysts forecast that DT Midstream, Inc. will post 3.8 earnings per share for the current fiscal year.

DT Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 16th were issued a dividend of $0.82 per share. The ex-dividend date was Monday, June 16th. This represents a $3.28 annualized dividend and a yield of 3.20%. DT Midstream's dividend payout ratio is presently 89.37%.

About DT Midstream

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.