2,840 Shares in DT Midstream, Inc. (NYSE:DTM) Purchased by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC purchased a new stake in DT Midstream, Inc. (NYSE:DTM - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 2,840 shares of the company's stock, valued at approximately $274,000.

Other large investors have also recently added to or reduced their stakes in the company. Alpine Bank Wealth Management acquired a new stake in DT Midstream in the 1st quarter valued at $26,000. Bessemer Group Inc. increased its holdings in DT Midstream by 61.6% in the 4th quarter. Bessemer Group Inc. now owns 307 shares of the company's stock valued at $30,000 after purchasing an additional 117 shares in the last quarter. Versant Capital Management Inc increased its holdings in DT Midstream by 130.2% in the 1st quarter. Versant Capital Management Inc now owns 488 shares of the company's stock valued at $47,000 after purchasing an additional 276 shares in the last quarter. UMB Bank n.a. increased its holdings in DT Midstream by 50.3% in the 1st quarter. UMB Bank n.a. now owns 723 shares of the company's stock valued at $70,000 after purchasing an additional 242 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its position in DT Midstream by 15.0% in the 4th quarter. Jones Financial Companies Lllp now owns 768 shares of the company's stock valued at $76,000 after buying an additional 100 shares during the last quarter. 81.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on DTM. US Capital Advisors cut shares of DT Midstream from a "moderate buy" rating to a "hold" rating in a research report on Monday, April 28th. Bank of America began coverage on shares of DT Midstream in a research report on Monday, March 24th. They issued a "buy" rating and a $110.00 price objective for the company. Williams Trading set a $110.00 price objective on shares of DT Midstream in a research report on Monday, March 24th. Morgan Stanley set a $115.00 price objective on shares of DT Midstream and gave the company an "underweight" rating in a research report on Tuesday, June 3rd. Finally, UBS Group upped their price objective on shares of DT Midstream from $102.00 to $115.00 and gave the company a "buy" rating in a research report on Thursday, March 27th. Two equities 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $109.27.

DT Midstream Stock Up 0.6%

Shares of DTM stock traded up $0.62 during trading hours on Friday, hitting $103.28. 574,236 shares of the company were exchanged, compared to its average volume of 912,765. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.82 and a current ratio of 0.82. DT Midstream, Inc. has a one year low of $69.82 and a one year high of $114.50. The business's 50-day simple moving average is $104.75 and its two-hundred day simple moving average is $100.89. The stock has a market capitalization of $10.49 billion, a price-to-earnings ratio of 28.14, a P/E/G ratio of 1.65 and a beta of 0.78.

DT Midstream (NYSE:DTM - Get Free Report) last issued its quarterly earnings results 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 8.46% and a net margin of 34.96%. The company had revenue of $288.81 million for the quarter, compared to the consensus estimate of $285.48 million. During the same period in the previous year, the business posted $0.99 EPS. Sell-side analysts predict that DT Midstream, Inc. will post 3.8 EPS 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 dividend of $0.82 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $3.28 annualized dividend and a yield of 3.18%. DT Midstream's dividend payout ratio (DPR) is 89.37%.

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.