12,892 Shares in DT Midstream, Inc. (NYSE:DTM) Bought by Nomura Holdings Inc.

Nomura Holdings Inc. purchased a new position in DT Midstream, Inc. (NYSE:DTM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 12,892 shares of the company's stock, valued at approximately $1,282,000.

Several other hedge funds have also recently added to or reduced their stakes in DTM. Barclays PLC grew its position in DT Midstream by 3.7% in the third quarter. Barclays PLC now owns 283,363 shares of the company's stock worth $22,289,000 after buying an additional 10,074 shares during the last quarter. AdvisorNet Financial Inc grew its position in DT Midstream by 106.7% in the fourth quarter. AdvisorNet Financial Inc now owns 310 shares of the company's stock worth $31,000 after buying an additional 160 shares during the last quarter. Ritholtz Wealth Management purchased a new position in DT Midstream during the 4th quarter worth approximately $201,000. Merit Financial Group LLC purchased a new position in DT Midstream during the 4th quarter worth approximately $458,000. Finally, HB Wealth Management LLC purchased a new position in DT Midstream during the 4th quarter worth approximately $299,000. Institutional investors and hedge funds own 81.53% of the company's stock.

DT Midstream Stock Up 2.0%

Shares of NYSE:DTM traded up $2.00 during trading on Friday, reaching $104.09. 633,014 shares of the company traded hands, compared to its average volume of 875,325. The firm has a fifty day simple moving average of $97.78 and a 200 day simple moving average of $99.91. The firm has a market cap of $10.57 billion, a P/E ratio of 25.33 and a beta of 0.77. DT Midstream, Inc. has a 1-year low of $65.45 and a 1-year high of $114.50. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.61.

DT Midstream (NYSE:DTM - Get Free Report) last issued its 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). The company had revenue of $288.81 million for the quarter, compared to analyst estimates of $285.48 million. DT Midstream had a net margin of 41.19% and a return on equity of 9.31%. During the same period last year, the business earned $0.99 EPS. Analysts anticipate that DT Midstream, Inc. will post 3.8 earnings per share for the current fiscal year.

DT Midstream Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 16th will be paid a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 3.15%. The ex-dividend date of this dividend is Monday, June 16th. DT Midstream's payout ratio is presently 89.37%.

Insider Activity at DT Midstream

In other DT Midstream news, Director Robert C. Skaggs, Jr. acquired 1,000 shares of DT Midstream stock in a transaction that occurred on Monday, March 10th. The stock was acquired at an average price of $86.92 per share, with a total value of $86,920.00. Following the purchase, the director now owns 38,653 shares in the company, valued at approximately $3,359,718.76. This trade represents a 2.66% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders acquired 1,235 shares of company stock valued at $109,867. Insiders own 0.34% of the company's stock.

Wall Street Analysts Forecast Growth

DTM has been the topic of several research analyst reports. Williams Trading set a $110.00 price objective on shares of DT Midstream in a research report on Monday, March 24th. Raymond James lifted their price objective on shares of DT Midstream from $110.00 to $115.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 28th. Morgan Stanley lifted their price objective on shares of DT Midstream from $92.00 to $105.00 and gave the stock an "underweight" rating in a research report on Tuesday, March 25th. Bank of America initiated coverage on shares of DT Midstream in a research report on Monday, March 24th. They set a "buy" rating and a $110.00 price objective on the stock. Finally, UBS Group lifted their price objective on shares of DT Midstream from $102.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, March 27th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, DT Midstream currently has an average 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.