Nomura Holdings Inc. Takes Position in DT Midstream, Inc. (NYSE:DTM)

Nomura Holdings Inc. bought a new stake in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,892 shares of the company's stock, valued at approximately $1,282,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DTM. Bessemer Group Inc. grew its position in shares of DT Midstream by 61.6% during the 4th quarter. Bessemer Group Inc. now owns 307 shares of the company's stock worth $30,000 after buying an additional 117 shares during the period. AdvisorNet Financial Inc grew its stake in shares of DT Midstream by 106.7% in the 4th quarter. AdvisorNet Financial Inc now owns 310 shares of the company's stock valued at $31,000 after buying an additional 160 shares during the period. Sound Income Strategies LLC grew its stake in shares of DT Midstream by 93.7% in the 4th quarter. Sound Income Strategies LLC now owns 337 shares of the company's stock valued at $34,000 after buying an additional 163 shares during the period. UMB Bank n.a. grew its stake in shares of DT Midstream by 53.2% in the 4th quarter. UMB Bank n.a. now owns 481 shares of the company's stock valued at $48,000 after buying an additional 167 shares during the period. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of DT Midstream in the 4th quarter valued at about $50,000. Institutional investors and hedge funds own 81.53% of the company's stock.

Insider Activity

In other news, Director Robert C. Skaggs, Jr. purchased 1,000 shares of the company's stock in a transaction dated Monday, March 10th. The shares were purchased at an average price of $86.92 per share, with a total value of $86,920.00. Following the transaction, the director now directly owns 38,653 shares of the company's stock, valued at approximately $3,359,718.76. This represents a 2.66% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders purchased 1,235 shares of company stock valued at $109,867 in the last three months. Company insiders own 0.34% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. raised their price objective on DT Midstream from $109.00 to $115.00 and gave the company a "neutral" rating in a research note on Friday, January 24th. Stifel Nicolaus reduced their price target on shares of DT Midstream from $106.00 to $102.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Williams Trading set a $110.00 price target on shares of DT Midstream in a research report on Monday, March 24th. Morgan Stanley lifted their price objective on shares of DT Midstream from $92.00 to $105.00 and gave the company an "underweight" rating in a report on Tuesday, March 25th. Finally, Barclays lifted their price objective on shares of DT Midstream from $102.00 to $103.00 and gave the company an "equal weight" rating in a report on Tuesday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $108.36.

DT Midstream Stock Performance

Shares of NYSE DTM traded down $2.07 during midday trading on Wednesday, reaching $102.48. The company's stock had a trading volume of 686,187 shares, compared to its average volume of 874,053. The stock has a market capitalization of $10.41 billion, a P/E ratio of 24.94 and a beta of 0.77. 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 firm has a 50 day moving average price of $97.51 and a 200-day moving average price of $99.71. DT Midstream, Inc. has a 12-month low of $65.43 and a 12-month high of $114.50.

DT Midstream (NYSE:DTM - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $1.06 EPS for the quarter, missing analysts' consensus estimates of $1.07 by ($0.01). The business 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 9.31% and a net margin of 41.19%. During the same quarter in the previous year, the firm earned $0.99 earnings per share. As a group, equities analysts predict that DT Midstream, Inc. will post 3.8 earnings per share for the current year.

DT Midstream Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 16th will be paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date is Monday, June 16th. DT Midstream's payout ratio is 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.