Tidal Investments LLC Has $1.51 Million Stock Position in DT Midstream, Inc. (NYSE:DTM)

Tidal Investments LLC boosted its stake in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) by 193.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,133 shares of the company's stock after buying an additional 9,977 shares during the quarter. Tidal Investments LLC's holdings in DT Midstream were worth $1,505,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC grew its position in shares of DT Midstream by 3.7% in the third quarter. Barclays PLC now owns 283,363 shares of the company's stock valued at $22,289,000 after purchasing an additional 10,074 shares during the last quarter. Merit Financial Group LLC acquired a new stake in shares of DT Midstream in the fourth quarter valued at approximately $458,000. HB Wealth Management LLC acquired a new stake in shares of DT Midstream in the fourth quarter valued at approximately $299,000. UMB Bank n.a. grew its position in shares of DT Midstream by 53.2% in the fourth quarter. UMB Bank n.a. now owns 481 shares of the company's stock valued at $48,000 after purchasing an additional 167 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its position in shares of DT Midstream by 17.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 696 shares of the company's stock valued at $69,000 after purchasing an additional 105 shares during the last quarter. 81.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on DTM. 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 note on Thursday, March 27th. Williams Trading set a $110.00 price objective on shares of DT Midstream in a research note on Monday, March 24th. Barclays upped their price objective on shares of DT Midstream from $102.00 to $103.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 20th. Morgan Stanley lifted their price target 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, Wells Fargo & Company decreased their price target on shares of DT Midstream from $118.00 to $108.00 and set an "overweight" rating on the stock in a report on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $108.36.

DT Midstream Stock Performance

Shares of DT Midstream stock traded down $1.81 on Thursday, reaching $103.08. The stock had a trading volume of 93,558 shares, compared to its average volume of 872,730. The stock has a market cap of $10.47 billion, a P/E ratio of 25.09 and a beta of 0.77. DT Midstream, Inc. has a fifty-two week low of $65.45 and a fifty-two week high of $114.50. The business's 50-day moving average price is $98.17 and its two-hundred day moving average price is $100.04. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 0.95.

DT Midstream (NYSE:DTM - Get Free Report) last announced its quarterly earnings data 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). The business had revenue of $288.81 million during the quarter, compared to analyst estimates of $285.48 million. DT Midstream had a net margin of 41.19% and a return on equity of 9.31%. During the same quarter in the prior year, the company posted $0.99 EPS. On average, sell-side analysts forecast that DT Midstream, Inc. will post 3.8 EPS for the current year.

DT Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 16th will be given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 3.18%. The ex-dividend date is Monday, June 16th. DT Midstream's dividend payout ratio is 89.37%.

Insider Transactions at DT Midstream

In other news, Director Robert C. Skaggs, Jr. acquired 1,000 shares of DT Midstream stock in a transaction that occurred on Monday, March 10th. The shares were acquired at an average price of $86.92 per share, with a total value of $86,920.00. Following the purchase, the director now directly owns 38,653 shares of the company's stock, valued at $3,359,718.76. The trade was a 2.66% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders acquired a total of 1,235 shares of company stock worth $109,867 in the last quarter. 0.34% of the stock is owned by company insiders.

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.