Lindbrook Capital LLC trimmed its holdings in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) by 40.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,392 shares of the company's stock after selling 4,257 shares during the period. Lindbrook Capital LLC's holdings in DT Midstream were worth $617,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. J.W. Cole Advisors Inc. bought a new stake in shares of DT Midstream in the 1st quarter valued at about $867,000. IFP Advisors Inc boosted its holdings in shares of DT Midstream by 27.4% in the 1st quarter. IFP Advisors Inc now owns 1,601 shares of the company's stock valued at $155,000 after buying an additional 344 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of DT Midstream in the 1st quarter valued at about $25,000. Kestra Private Wealth Services LLC boosted its holdings in shares of DT Midstream by 85.0% in the 1st quarter. Kestra Private Wealth Services LLC now owns 4,460 shares of the company's stock valued at $430,000 after buying an additional 2,049 shares in the last quarter. Finally, Forum Financial Management LP boosted its holdings in shares of DT Midstream by 16.5% in the 1st quarter. Forum Financial Management LP now owns 3,952 shares of the company's stock valued at $381,000 after buying an additional 561 shares in the last quarter. 81.53% of the stock is currently owned by institutional investors.
DT Midstream Stock Performance
DTM opened at $104.36 on Monday. DT Midstream, Inc. has a 12-month low of $69.82 and a 12-month high of $114.50. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $10.60 billion, a PE ratio of 28.44, a P/E/G ratio of 1.89 and a beta of 0.78. The firm has a 50 day moving average of $105.01 and a two-hundred day moving average of $101.02.
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 (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 business had revenue of $288.81 million for the quarter, compared to analysts' expectations of $285.48 million. During the same period in the prior year, the business posted $0.99 earnings per share. On average, analysts anticipate that DT Midstream, Inc. will post 3.8 EPS for the current year.
DT Midstream Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 16th were given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend was Monday, June 16th. DT Midstream's dividend payout ratio is presently 89.37%.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the stock. Williams Trading set a $110.00 price target on shares of DT Midstream in a report on Monday, March 24th. UBS Group raised their price target on shares of DT Midstream from $102.00 to $115.00 and gave the company a "buy" rating in a report on Thursday, March 27th. Barclays lifted their target price on shares of DT Midstream from $102.00 to $103.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 20th. US Capital Advisors cut shares of DT Midstream from a "moderate buy" rating to a "hold" rating in a research note on Monday, April 28th. Finally, Bank of America began coverage on shares of DT Midstream in a research note on Monday, March 24th. They issued a "buy" rating and a $110.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $109.27.
Check Out Our Latest Stock Report on DT Midstream
DT Midstream Profile
(
Free Report)
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.
See Also
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