DT Midstream, Inc. (NYSE:DTM) Shares Purchased by NBC Securities Inc.

NBC Securities Inc. increased its position in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) by 103,155.6% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 55,758 shares of the company's stock after purchasing an additional 55,704 shares during the quarter. NBC Securities Inc. owned approximately 0.05% of DT Midstream worth $5,379,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of DT Midstream by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 10,553,782 shares of the company's stock worth $1,049,363,000 after purchasing an additional 359,017 shares in the last quarter. Deutsche Bank AG increased its position in shares of DT Midstream by 5.5% during the fourth quarter. Deutsche Bank AG now owns 2,831,830 shares of the company's stock worth $281,569,000 after purchasing an additional 147,790 shares in the last quarter. Geode Capital Management LLC boosted its stake in DT Midstream by 18.7% during the fourth quarter. Geode Capital Management LLC now owns 2,452,948 shares of the company's stock worth $243,948,000 after buying an additional 386,670 shares during the last quarter. Blackstone Inc. boosted its stake in DT Midstream by 2,783.1% during the fourth quarter. Blackstone Inc. now owns 1,631,285 shares of the company's stock worth $162,199,000 after buying an additional 1,574,705 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in DT Midstream by 24.7% during the fourth quarter. Invesco Ltd. now owns 1,487,901 shares of the company's stock worth $147,942,000 after buying an additional 294,583 shares during the last quarter. 81.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Robert C. Skaggs, Jr. purchased 1,000 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average price of $86.92 per share, for a total transaction of $86,920.00. Following the purchase, the director now directly owns 38,653 shares of the company's stock, valued at $3,359,718.76. This represents a 2.66% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.34% of the stock is currently owned by company insiders.

DT Midstream Stock Up 1.3%

Shares of DTM traded up $1.42 during mid-day trading on Thursday, reaching $107.98. The company's stock had a trading volume of 157,116 shares, compared to its average volume of 877,744. DT Midstream, Inc. has a 12-month low of $66.98 and a 12-month high of $114.50. The stock has a market cap of $10.97 billion, a PE ratio of 26.27 and a beta of 0.78. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.95 and a quick ratio of 0.95. The company's 50 day moving average is $98.88 and its 200 day moving average is $100.26.

DT Midstream (NYSE:DTM - Get Free Report) last released 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 business had revenue of $288.81 million during the quarter, compared to analysts' expectations of $285.48 million. During the same quarter in the previous year, the company posted $0.99 EPS. Equities analysts anticipate that DT Midstream, Inc. will post 3.8 EPS for the current fiscal year.

DT Midstream Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 16th will be paid a dividend of $0.82 per share. The ex-dividend date is Monday, June 16th. This represents a $3.28 dividend on an annualized basis and a yield of 3.04%. DT Midstream's dividend payout ratio is presently 89.37%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on DTM shares. Bank of America started coverage on DT Midstream in a research note on Monday, March 24th. They set a "buy" rating and a $110.00 price objective on the stock. Williams Trading set a $110.00 price target on DT Midstream in a research note on Monday, March 24th. US Capital Advisors lowered DT Midstream from a "moderate buy" rating to a "hold" rating in a research note on Monday, April 28th. Barclays upped their price target 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. Finally, UBS Group upped their price target on DT Midstream from $102.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. Two 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.com, the company presently has a consensus rating of "Hold" and a consensus 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.