2,435 Shares in DT Midstream, Inc. (NYSE:DTM) Purchased by Jefferies Financial Group Inc.

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 filing with the Securities and Exchange Commission (SEC). The fund bought 2,435 shares of the company's stock, valued at approximately $242,000.

Several other large investors have also modified their holdings of the company. Barclays PLC boosted its position in DT Midstream by 3.7% during the third quarter. Barclays PLC now owns 283,363 shares of the company's stock worth $22,289,000 after purchasing an additional 10,074 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in DT Midstream by 70.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 10,577 shares of the company's stock valued at $1,052,000 after purchasing an additional 4,365 shares in the last quarter. Blue Trust Inc. increased its stake in DT Midstream by 49.1% during the 4th quarter. Blue Trust Inc. now owns 2,816 shares of the company's stock worth $280,000 after buying an additional 927 shares during the period. KBC Group NV lifted its holdings in DT Midstream by 57.3% in the 4th quarter. KBC Group NV now owns 4,234 shares of the company's stock worth $421,000 after buying an additional 1,542 shares in the last quarter. Finally, Perigon Wealth Management LLC boosted its position in DT Midstream by 16.3% in the 4th quarter. Perigon Wealth Management LLC now owns 5,032 shares of the company's stock valued at $500,000 after buying an additional 707 shares during the last quarter. 81.53% of the stock is owned by institutional investors and hedge funds.

DT Midstream Stock Performance

DTM traded down $0.60 during trading on Wednesday, reaching $106.61. 813,182 shares of the company's stock were exchanged, compared to its average volume of 880,555. 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 market capitalization of $10.83 billion, a P/E ratio of 25.94 and a beta of 0.78. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.61. The business has a 50 day moving average price of $98.88 and a 200 day moving average price of $100.26.

DT Midstream (NYSE:DTM - Get Free Report) last released its quarterly earnings data 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 net margin of 41.19% and a return on equity of 9.31%. The company had revenue of $288.81 million for the quarter, compared to analyst estimates of $285.48 million. During the same period in the previous year, the firm posted $0.99 earnings per share. As a group, analysts predict that DT Midstream, Inc. will post 3.8 earnings per share for the current fiscal year.

DT Midstream Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 16th will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend is Monday, June 16th. DT Midstream's payout ratio is 89.37%.

Insider Buying and Selling

In other news, Director Robert C. Skaggs, Jr. bought 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, for a total transaction of $86,920.00. Following the completion of the purchase, the director now owns 38,653 shares of the company's stock, valued at approximately $3,359,718.76. The trade was a 2.66% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.34% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on DTM shares. UBS Group increased their price target on DT Midstream from $102.00 to $115.00 and gave the company a "buy" rating in a report on Thursday, March 27th. Williams Trading set a $110.00 price objective on DT Midstream in a research note on Monday, March 24th. Bank of America assumed coverage on shares of DT Midstream in a research note on Monday, March 24th. They set a "buy" rating and a $110.00 target price for the company. Stifel Nicolaus decreased their price target on shares of DT Midstream from $106.00 to $102.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Finally, Morgan Stanley upped their price objective on DT Midstream from $105.00 to $115.00 and gave the stock an "underweight" rating in a research note on Tuesday. Two equities research 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.com, the company currently has a consensus rating of "Hold" and an average target price of $109.27.

DT Midstream 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.