DT Midstream, Inc. (NYSE:DTM) Shares Acquired by Nuveen Asset Management LLC

Nuveen Asset Management LLC grew its stake in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) by 27.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 223,301 shares of the company's stock after acquiring an additional 48,264 shares during the quarter. Nuveen Asset Management LLC owned about 0.23% of DT Midstream worth $22,203,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Bessemer Group Inc. increased its holdings in shares of DT Midstream by 61.6% during the fourth quarter. Bessemer Group Inc. now owns 307 shares of the company's stock valued at $30,000 after acquiring an additional 117 shares in the last quarter. Sound Income Strategies LLC increased its holdings in shares of DT Midstream by 93.7% during the fourth quarter. Sound Income Strategies LLC now owns 337 shares of the company's stock valued at $34,000 after acquiring an additional 163 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of DT Midstream by 53.2% during the fourth quarter. UMB Bank n.a. now owns 481 shares of the company's stock valued at $48,000 after acquiring an additional 167 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in shares of DT Midstream during the fourth quarter valued at about $50,000. Finally, Wilmington Savings Fund Society FSB boosted its position in DT Midstream by 38.3% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 509 shares of the company's stock valued at $51,000 after buying an additional 141 shares during the last quarter. Institutional investors and hedge funds own 81.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DTM. Barclays upped their target price on DT Midstream from $102.00 to $103.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 20th. Williams Trading set a $110.00 target price on DT Midstream in a research report on Monday, March 24th. US Capital Advisors lowered DT Midstream from a "moderate buy" rating to a "hold" rating in a research report on Monday, April 28th. Wells Fargo & Company dropped their target price on DT Midstream from $118.00 to $108.00 and set an "overweight" rating on the stock in a research report on Friday, February 28th. Finally, Morgan Stanley upped their target price on DT Midstream from $92.00 to $105.00 and gave the company an "underweight" rating in a research report on Tuesday, March 25th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $108.36.

DT Midstream Stock Performance

DT Midstream stock traded down $1.51 during mid-day trading on Thursday, hitting $103.39. The company had a trading volume of 83,031 shares, compared to its average volume of 1,094,897. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61. DT Midstream, Inc. has a 12-month low of $65.44 and a 12-month high of $114.50. The company's fifty day moving average is $98.17 and its 200-day moving average is $100.04. The company has a market capitalization of $10.50 billion, a price-to-earnings ratio of 25.16 and a beta of 0.77.

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 the consensus estimate of $1.07 by ($0.01). DT Midstream had a return on equity of 9.31% and a net margin of 41.19%. The company had revenue of $288.81 million during the quarter, compared to analysts' expectations of $285.48 million. During the same quarter in the prior year, the company posted $0.99 EPS. Equities research analysts predict that DT Midstream, Inc. will post 3.8 EPS for the current year.

DT Midstream Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 16th will be paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 3.17%. The ex-dividend date is Monday, June 16th. DT Midstream's payout ratio is 89.37%.

Insider Transactions at DT Midstream

In other DT Midstream news, Director Robert C. Skaggs, Jr. bought 1,000 shares of DT Midstream stock in a transaction dated Monday, March 10th. The stock was acquired at an average cost of $86.92 per share, with a total value of $86,920.00. Following the purchase, the director now directly owns 38,653 shares in the company, valued at $3,359,718.76. This represents a 2.66% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders acquired a total of 1,235 shares of company stock valued at $109,867 in the last three months. 0.34% of the stock is currently owned by company insiders.

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.