DT Midstream, Inc. (NYSE:DTM) Shares Sold by Richard Bernstein Advisors LLC

Richard Bernstein Advisors LLC lessened its stake in DT Midstream, Inc. (NYSE:DTM - Free Report) by 4.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,433 shares of the company's stock after selling 2,361 shares during the period. Richard Bernstein Advisors LLC owned 0.05% of DT Midstream worth $5,348,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of DTM. Alpine Bank Wealth Management acquired a new position in DT Midstream in the first quarter valued at $26,000. Bessemer Group Inc. boosted its stake in shares of DT Midstream by 61.6% during the fourth 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. Versant Capital Management Inc boosted its stake in shares of DT Midstream by 130.2% during the first quarter. Versant Capital Management Inc now owns 488 shares of the company's stock worth $47,000 after buying an additional 276 shares during the period. Larson Financial Group LLC boosted its stake in shares of DT Midstream by 21.1% during the fourth quarter. Larson Financial Group LLC now owns 683 shares of the company's stock worth $68,000 after buying an additional 119 shares during the period. Finally, UMB Bank n.a. boosted its stake in shares of DT Midstream by 50.3% during the first quarter. UMB Bank n.a. now owns 723 shares of the company's stock worth $70,000 after buying an additional 242 shares during the period. Institutional investors and hedge funds own 81.53% of the company's stock.

Wall Street Analysts Forecast Growth

DTM has been the subject of several recent research reports. UBS Group increased their target price on shares of DT Midstream from $102.00 to $115.00 and gave the stock a "buy" rating in a research note on Thursday, March 27th. Morgan Stanley set a $115.00 price target on shares of DT Midstream and gave the stock an "underweight" rating in a report on Tuesday, June 3rd. Barclays increased their price target on shares of DT Midstream from $102.00 to $103.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 20th. Bank of America started coverage on shares of DT Midstream in a report on Monday, March 24th. They set a "buy" rating and a $110.00 price target for the company. Finally, Williams Trading set a $110.00 target price on shares of DT Midstream in a report on Monday, March 24th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, DT Midstream presently has a consensus rating of "Hold" and an average price target of $109.27.

DT Midstream Trading Down 1.1%

NYSE DTM traded down $1.21 during mid-day trading on Monday, reaching $104.73. 563,424 shares of the stock were exchanged, compared to its average volume of 905,333. DT Midstream, Inc. has a 1-year low of $68.88 and a 1-year high of $114.50. The business's fifty day simple moving average is $104.30 and its 200 day simple moving average is $100.84. The stock has a market capitalization of $10.64 billion, a PE ratio of 28.54, a PEG ratio of 1.69 and a beta of 0.78. 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 (NYSE:DTM - Get Free Report) last announced 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). DT Midstream had a return on equity of 8.46% and a net margin of 34.96%. The firm had revenue of $288.81 million for the quarter, compared to analyst estimates of $285.48 million. During the same quarter last year, the business posted $0.99 EPS. On average, research analysts anticipate that DT Midstream, Inc. will post 3.8 earnings per share for the current fiscal year.

DT Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 16th will be issued a $0.82 dividend. The ex-dividend date is Monday, June 16th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.13%. DT Midstream's dividend payout ratio (DPR) is presently 89.37%.

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.