True Link Financial Advisors LLC Makes New Investment in DT Midstream, Inc. (NYSE:DTM)

True Link Financial Advisors LLC purchased a new stake in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 2,471 shares of the company's stock, valued at approximately $238,000.

Several other hedge funds also recently modified their holdings of DTM. Blue Trust Inc. lifted its stake in DT Midstream by 38.9% during the first quarter. Blue Trust Inc. now owns 1,547 shares of the company's stock valued at $149,000 after purchasing an additional 433 shares during the last quarter. Friedenthal Financial increased its holdings in shares of DT Midstream by 17.9% in the first quarter. Friedenthal Financial now owns 9,055 shares of the company's stock valued at $874,000 after buying an additional 1,374 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of DT Midstream by 1.9% during the 1st quarter. State of Alaska Department of Revenue now owns 42,645 shares of the company's stock valued at $4,113,000 after acquiring an additional 795 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of DT Midstream by 59.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 16,848 shares of the company's stock worth $1,626,000 after acquiring an additional 6,271 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of DT Midstream by 6.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,642 shares of the company's stock worth $1,220,000 after acquiring an additional 812 shares in the last quarter. 81.53% of the stock is currently owned by institutional investors and hedge funds.

DT Midstream Price Performance

NYSE DTM opened at $105.31 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market capitalization of $10.70 billion, a price-to-earnings ratio of 28.69, a price-to-earnings-growth ratio of 1.68 and a beta of 0.78. The company has a 50 day simple moving average of $101.81 and a 200-day simple moving average of $100.31. DT Midstream, Inc. has a 52-week low of $68.57 and a 52-week high of $114.50.

DT Midstream (NYSE:DTM - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.01). The company had revenue of $288.81 million during the quarter, compared to analyst estimates of $285.48 million. DT Midstream had a net margin of 34.96% and a return on equity of 8.46%. 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 earnings per share for the current fiscal year.

DT Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 16th will be given a dividend of $0.82 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $3.28 dividend on an annualized basis and a yield of 3.11%. DT Midstream's payout ratio is 89.37%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company cut 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. Morgan Stanley set a $115.00 price objective on DT Midstream and gave the stock an "underweight" rating in a report on Tuesday, June 3rd. 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. Stifel Nicolaus dropped their target price on shares of DT Midstream from $106.00 to $102.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. Finally, Williams Trading set a $110.00 price target on shares of DT Midstream in a research report on Monday, March 24th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $109.27.

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.

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