Two Sigma Investments LP Has $9.43 Million Stock Holdings in DT Midstream, Inc. (NYSE:DTM)

Two Sigma Investments LP lowered its stake in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) by 31.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 94,804 shares of the company's stock after selling 44,275 shares during the quarter. Two Sigma Investments LP owned about 0.10% of DT Midstream worth $9,426,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Blackstone Inc. increased its holdings in shares of DT Midstream by 2,783.1% during the 4th quarter. Blackstone Inc. now owns 1,631,285 shares of the company's stock worth $162,199,000 after purchasing an additional 1,574,705 shares during the period. Norges Bank acquired a new stake in DT Midstream during the fourth quarter worth about $119,520,000. Bank of Montreal Can increased its stake in DT Midstream by 733.3% during the fourth quarter. Bank of Montreal Can now owns 458,789 shares of the company's stock valued at $45,617,000 after acquiring an additional 403,730 shares during the period. Geode Capital Management LLC increased its stake in DT Midstream by 18.7% during the fourth quarter. Geode Capital Management LLC now owns 2,452,948 shares of the company's stock valued at $243,948,000 after acquiring an additional 386,670 shares during the period. Finally, Vanguard Group Inc. raised its holdings in DT Midstream by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 10,553,782 shares of the company's stock valued at $1,049,363,000 after acquiring an additional 359,017 shares in the last quarter. 81.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at DT Midstream

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

Wall Street Analyst Weigh In

DTM has been the topic of a number of research reports. Stifel Nicolaus lowered their price objective on DT Midstream from $106.00 to $102.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. Williams Trading set a $110.00 price target on shares of DT Midstream in a research note on Monday, March 24th. Barclays increased 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. UBS Group raised their price objective on shares of DT Midstream from $102.00 to $115.00 and gave the stock a "buy" rating in a report on Thursday, March 27th. Finally, US Capital Advisors cut shares of DT Midstream from a "moderate buy" rating to a "hold" rating in a research note on Monday, April 28th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $108.36.

DT Midstream Price Performance

Shares of DT Midstream stock traded up $0.48 during mid-day trading on Friday, reaching $104.40. 130,707 shares of the stock were exchanged, compared to its average volume of 874,837. DT Midstream, Inc. has a fifty-two week low of $65.55 and a fifty-two week high of $114.50. The company has a market cap of $10.61 billion, a price-to-earnings ratio of 25.44 and a beta of 0.77. The firm has a 50-day simple moving average of $98.23 and a 200 day simple moving average of $100.07. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61.

DT Midstream (NYSE:DTM - Get Free Report) last posted 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 firm had revenue of $288.81 million for the quarter, compared to analyst estimates of $285.48 million. DT Midstream had a return on equity of 9.31% and a net margin of 41.19%. During the same period in the previous year, the business posted $0.99 EPS. On average, 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. Shareholders of record on Monday, June 16th will be given a $0.82 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $3.28 annualized dividend and a yield of 3.14%. DT Midstream's payout ratio is 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.