Hudson Value Partners LLC Makes New $280,000 Investment in DT Midstream, Inc. (NYSE:DTM)

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

A number of other institutional investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its position 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 purchasing an additional 100 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of DT Midstream by 1.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 12,137 shares of the company's stock valued at $1,235,000 after buying an additional 116 shares in the last quarter. Lakeshore Financial Planning Inc. increased its holdings in shares of DT Midstream by 4.2% in the fourth quarter. Lakeshore Financial Planning Inc. now owns 2,868 shares of the company's stock valued at $285,000 after buying an additional 116 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of 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 buying an additional 117 shares in the last quarter. Finally, Larson Financial Group LLC increased its holdings in shares of DT Midstream by 21.1% in the fourth quarter. Larson Financial Group LLC now owns 683 shares of the company's stock valued at $68,000 after buying an additional 119 shares in the last quarter. 81.53% of the stock is currently owned by institutional investors and hedge funds.

DT Midstream Stock Up 3.0%

Shares of NYSE DTM traded up $3.19 during mid-day trading on Thursday, reaching $110.00. The company had a trading volume of 1,394,334 shares, compared to its average volume of 898,439. DT Midstream, Inc. has a twelve month low of $68.88 and a twelve month high of $114.50. 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 $11.18 billion, a PE ratio of 29.97, a price-to-earnings-growth ratio of 1.70 and a beta of 0.78. The stock's 50 day moving average is $103.06 and its 200-day moving average is $100.49.

DT Midstream (NYSE:DTM - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $1.06 earnings per share 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 company had revenue of $288.81 million during the quarter, compared to analyst estimates of $285.48 million. During the same period last year, the company posted $0.99 earnings per share. As a group, equities analysts anticipate that DT Midstream, Inc. will post 3.8 earnings per share for the current fiscal year.

DT Midstream Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 16th will be paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend is Monday, June 16th. DT Midstream's dividend payout ratio (DPR) is presently 89.37%.

Analysts Set New Price Targets

DTM has been the topic of several research reports. Morgan Stanley set a $115.00 price target on DT Midstream and gave the company an "underweight" rating in a report on Tuesday, June 3rd. Barclays boosted their target price on shares of DT Midstream from $102.00 to $103.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 20th. Wells Fargo & Company reduced their target price on DT Midstream from $118.00 to $108.00 and set an "overweight" rating for the company in a report on Friday, February 28th. Bank of America started coverage on DT Midstream in a report on Monday, March 24th. They issued a "buy" rating and a $110.00 target price for the company. Finally, US Capital Advisors lowered DT Midstream from a "moderate buy" rating to a "hold" rating in a report on Monday, April 28th. 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 stock. According to data from MarketBeat, DT Midstream presently has an average rating of "Hold" and an average price target 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.