Hudson Value Partners LLC Buys New Stake in DT Midstream, Inc. (NYSE:DTM)

Hudson Value Partners LLC acquired a new position in DT Midstream, Inc. (NYSE:DTM - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,901 shares of the company's stock, valued at approximately $280,000.

Several other large investors have also recently made changes to their positions in the stock. True Link Financial Advisors LLC acquired a new position in shares of DT Midstream in the 1st quarter worth approximately $238,000. Blue Trust Inc. lifted its holdings in DT Midstream by 38.9% during the 1st quarter. Blue Trust Inc. now owns 1,547 shares of the company's stock worth $149,000 after buying an additional 433 shares in the last quarter. Friedenthal Financial lifted its holdings in DT Midstream by 17.9% during the 1st quarter. Friedenthal Financial now owns 9,055 shares of the company's stock worth $874,000 after buying an additional 1,374 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in DT Midstream by 1.9% during the 1st quarter. State of Alaska Department of Revenue now owns 42,645 shares of the company's stock worth $4,113,000 after buying an additional 795 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in DT Midstream by 59.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 16,848 shares of the company's stock worth $1,626,000 after buying an additional 6,271 shares in the last quarter. 81.53% of the stock is currently owned by institutional investors and hedge funds.

DT Midstream Stock Up 0.1%

Shares of NYSE:DTM traded up $0.09 during trading hours on Monday, reaching $106.39. The stock had a trading volume of 750,521 shares, compared to its average volume of 892,834. DT Midstream, Inc. has a 1 year low of $68.88 and a 1 year high of $114.50. The firm's 50 day moving average is $102.33 and its 200-day moving average is $100.32. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market capitalization of $10.81 billion, a price-to-earnings ratio of 28.99, a P/E/G ratio of 1.70 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). DT Midstream had a net margin of 34.96% and a return on equity of 8.46%. The firm had revenue of $288.81 million during the quarter, compared to analysts' expectations of $285.48 million. During the same period in the prior year, the company posted $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 business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors 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 3.08%. The ex-dividend date of this dividend is Monday, June 16th. DT Midstream's dividend payout ratio (DPR) is 89.37%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus reduced their target price on shares of DT Midstream from $106.00 to $102.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Morgan Stanley set a $115.00 target price on shares of DT Midstream and gave the stock an "underweight" rating in a report on Tuesday, June 3rd. Bank of America assumed coverage on shares of DT Midstream in a report on Monday, March 24th. They set a "buy" rating and a $110.00 target price on the stock. Barclays increased their target price on shares of DT Midstream from $102.00 to $103.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 20th. Finally, Wells Fargo & Company reduced their target price on shares of DT Midstream from $118.00 to $108.00 and set an "overweight" rating on the stock in a report on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, DT Midstream has an average rating of "Hold" and a consensus target price of $109.27.

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.