Jefferies Financial Group Inc. Buys New Position in DT Midstream, Inc. (NYSE:DTM)

Jefferies Financial Group Inc. bought a new position in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,435 shares of the company's stock, valued at approximately $242,000.

Several other institutional investors and hedge funds also recently made changes to their positions in DTM. Louisiana State Employees Retirement System raised its position in DT Midstream by 0.4% in the fourth quarter. Louisiana State Employees Retirement System now owns 27,000 shares of the company's stock worth $2,685,000 after purchasing an additional 100 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in DT Midstream by 15.0% in the 4th quarter. Jones Financial Companies Lllp now owns 768 shares of the company's stock valued at $76,000 after buying an additional 100 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in DT Midstream by 17.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 696 shares of the company's stock valued at $69,000 after acquiring an additional 105 shares during the period. Allspring Global Investments Holdings LLC grew its position in 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 acquiring an additional 116 shares during the period. Finally, Lakeshore Financial Planning Inc. raised its stake in DT Midstream by 4.2% during the fourth quarter. Lakeshore Financial Planning Inc. now owns 2,868 shares of the company's stock worth $285,000 after acquiring an additional 116 shares in the last quarter. Institutional investors own 81.53% of the company's stock.

DT Midstream Stock Performance

Shares of NYSE DTM traded up $2.00 during trading hours on Friday, reaching $104.09. 633,014 shares of the stock were exchanged, compared to its average volume of 874,877. The firm has a market capitalization of $10.57 billion, a price-to-earnings ratio of 25.33 and a beta of 0.77. The stock's fifty day simple moving average is $97.78 and its 200 day simple moving average is $99.88. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 0.95. DT Midstream, Inc. has a 52 week low of $65.43 and a 52 week high of $114.50.

DT Midstream (NYSE:DTM - Get Free Report) last issued 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 41.19% and a return on equity of 9.31%. The firm had revenue of $288.81 million during the quarter, compared to analyst estimates of $285.48 million. During the same period in the prior year, the company earned $0.99 earnings per share. Sell-side 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 paid a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 3.15%. The ex-dividend date is Monday, June 16th. DT Midstream's dividend payout ratio (DPR) is 89.37%.

Insider Buying and Selling at DT Midstream

In other news, Director Robert C. Skaggs, Jr. purchased 1,000 shares of the business's stock in a transaction dated Monday, March 10th. The stock was bought at an average price of $86.92 per share, with a total value of $86,920.00. Following the acquisition, the director now owns 38,653 shares in the company, valued at approximately $3,359,718.76. The trade was a 2.66% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders acquired 1,235 shares of company stock valued at $109,867 in the last quarter. Company insiders own 0.34% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DTM. Wells Fargo & Company lowered 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. Raymond James boosted their target price on DT Midstream from $110.00 to $115.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. JPMorgan Chase & Co. increased their target price on DT Midstream from $109.00 to $115.00 and gave the stock a "neutral" rating in a report on Friday, January 24th. Morgan Stanley boosted their price target on shares of DT Midstream from $92.00 to $105.00 and gave the stock an "underweight" rating in a research note on Tuesday, March 25th. Finally, Barclays boosted their target price on DT Midstream from $102.00 to $103.00 and gave the company an "equal weight" rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $108.36.

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.