OneDigital Investment Advisors LLC Takes Position in DT Midstream, Inc. (NYSE:DTM)

OneDigital Investment Advisors LLC bought a new position in DT Midstream, Inc. (NYSE:DTM - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 2,840 shares of the company's stock, valued at approximately $274,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. increased its holdings in DT Midstream by 8.4% in the 1st quarter. Principal Financial Group Inc. now owns 264,607 shares of the company's stock worth $25,529,000 after purchasing an additional 20,510 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of DT Midstream by 4.0% in the first quarter. Oregon Public Employees Retirement Fund now owns 20,575 shares of the company's stock valued at $1,985,000 after buying an additional 800 shares during the period. Teacher Retirement System of Texas increased its stake in shares of DT Midstream by 1.3% in the first quarter. Teacher Retirement System of Texas now owns 53,059 shares of the company's stock valued at $5,119,000 after buying an additional 676 shares during the period. First Horizon Advisors Inc. increased its stake in shares of DT Midstream by 23.8% in the first quarter. First Horizon Advisors Inc. now owns 1,439 shares of the company's stock valued at $139,000 after buying an additional 277 shares during the period. Finally, Krane Funds Advisors LLC increased its stake in shares of DT Midstream by 7.6% in the first quarter. Krane Funds Advisors LLC now owns 4,784 shares of the company's stock valued at $462,000 after buying an additional 336 shares during the period. Institutional investors and hedge funds own 81.53% of the company's stock.

DT Midstream Stock Up 0.1%

NYSE:DTM traded up $0.12 on Wednesday, hitting $103.29. The stock had a trading volume of 905,336 shares, compared to its average volume of 912,941. The business's fifty day moving average is $104.87 and its 200 day moving average is $100.94. The company has a market cap of $10.49 billion, a PE ratio of 28.14, a P/E/G ratio of 1.68 and a beta of 0.78. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.69. DT Midstream, Inc. has a 52 week low of $69.82 and a 52 week high of $114.50.

DT Midstream (NYSE:DTM - Get Free Report) last announced 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 firm had revenue of $288.81 million during 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 in the previous year, the company posted $0.99 EPS. On average, equities research analysts expect that DT Midstream, Inc. will post 3.8 EPS for the current fiscal year.

DT Midstream Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 16th were issued a $0.82 dividend. The ex-dividend date was Monday, June 16th. This represents a $3.28 annualized dividend and a yield of 3.18%. DT Midstream's payout ratio is currently 89.37%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Williams Trading set a $110.00 price target on DT Midstream in a research note on Monday, March 24th. UBS Group increased 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. US Capital Advisors cut DT Midstream from a "moderate buy" rating to a "hold" rating in a research note on Monday, April 28th. Bank of America initiated coverage on DT Midstream in a research note on Monday, March 24th. They issued a "buy" rating and a $110.00 price target for the company. Finally, Barclays raised their target price on DT Midstream from $102.00 to $103.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 20th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $109.27.

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.