4,118 Shares in DT Midstream, Inc. (NYSE:DTM) Purchased by Mason Investment Advisory Services Inc.

Mason Investment Advisory Services Inc. purchased a new stake in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 4,118 shares of the company's stock, valued at approximately $397,000.

Several other large investors have also recently bought and sold shares of the business. Jones Financial Companies Lllp raised its position in DT Midstream by 15.0% during the fourth quarter. Jones Financial Companies Lllp now owns 768 shares of the company's stock valued at $76,000 after buying an additional 100 shares during the period. Ballentine Partners LLC raised its position in DT Midstream by 4.8% during the first quarter. Ballentine Partners LLC now owns 2,498 shares of the company's stock valued at $241,000 after buying an additional 114 shares during the period. Lakeshore Financial Planning Inc. grew its stake in 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 purchasing an additional 116 shares in the last quarter. Bessemer Group Inc. grew its stake in 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 purchasing an additional 117 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in DT Midstream by 0.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 41,871 shares of the company's stock valued at $4,163,000 after purchasing an additional 137 shares in the last quarter. 81.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DTM. UBS Group boosted their target price on DT Midstream from $102.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. 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, May 20th. Williams Trading set a $110.00 target price on DT Midstream in a research note on Monday, March 24th. Morgan Stanley set a $115.00 target price on DT Midstream and gave the company an "underweight" rating in a research note on Tuesday, June 3rd. Finally, US Capital Advisors downgraded DT Midstream from a "moderate buy" rating to a "hold" rating in a research note on Monday, April 28th. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $109.27.

DT Midstream Stock Up 0.1%

Shares of DTM traded up $0.12 during trading hours on Wednesday, hitting $103.29. 905,336 shares of the company were exchanged, compared to its average volume of 915,036. The company has a market cap of $10.49 billion, a PE ratio of 26.59, a PEG ratio of 1.65 and a beta of 0.78. The firm's 50 day moving average is $104.87 and its 200-day moving average is $100.94. DT Midstream, Inc. has a 52 week low of $69.82 and a 52 week 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.

DT Midstream (NYSE:DTM - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.01). The company had revenue of $288.81 million for the quarter, compared to the consensus estimate of $285.48 million. DT Midstream had a return on equity of 8.46% and a net margin of 34.96%. During the same quarter last year, the company posted $0.99 EPS. On average, equities research analysts forecast that DT Midstream, Inc. will post 3.8 EPS for the current fiscal year.

DT Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 16th were paid a dividend of $0.82 per share. The ex-dividend date was Monday, June 16th. This represents a $3.28 annualized dividend and a dividend yield of 3.18%. DT Midstream's dividend payout ratio (DPR) is presently 89.37%.

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.