DT Midstream, Inc. (NYSE:DTM) Position Increased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in DT Midstream, Inc. (NYSE:DTM - Free Report) by 1.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 244,347 shares of the company's stock after acquiring an additional 3,147 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.25% of DT Midstream worth $24,295,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Louisiana State Employees Retirement System increased its position in shares of DT Midstream by 0.4% in the fourth quarter. Louisiana State Employees Retirement System now owns 27,000 shares of the company's stock worth $2,685,000 after purchasing an additional 100 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of DT Midstream by 15.0% in the fourth quarter. Jones Financial Companies Lllp now owns 768 shares of the company's stock worth $76,000 after purchasing an additional 100 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in DT Midstream by 1.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 12,137 shares of the company's stock worth $1,235,000 after acquiring an additional 116 shares during the period. Lakeshore Financial Planning Inc. lifted its stake in DT Midstream by 4.2% in the fourth quarter. Lakeshore Financial Planning Inc. now owns 2,868 shares of the company's stock worth $285,000 after acquiring an additional 116 shares during the period. Finally, Bessemer Group Inc. lifted its stake in DT Midstream by 61.6% in the fourth quarter. Bessemer Group Inc. now owns 307 shares of the company's stock worth $30,000 after acquiring an additional 117 shares during the period. 81.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Morgan Stanley raised their price target on DT Midstream from $92.00 to $105.00 and gave the company an "underweight" rating in a report on Tuesday, March 25th. Wells Fargo & Company lowered their price target on DT Midstream from $118.00 to $108.00 and set an "overweight" rating on the stock in a report on Friday, February 28th. Bank of America started coverage on DT Midstream in a report on Monday, March 24th. They set a "buy" rating and a $110.00 price objective on the stock. US Capital Advisors downgraded DT Midstream from a "moderate buy" rating to a "hold" rating in a research report on Monday, April 28th. Finally, Williams Trading set a $110.00 price objective on DT Midstream in a research report on Monday, March 24th. 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. According to data from MarketBeat, DT Midstream currently has a consensus rating of "Hold" and a consensus target price of $108.36.

Insider Activity at DT Midstream

In related news, Director Robert C. Skaggs, Jr. bought 1,000 shares of the company's stock in a transaction on Monday, March 10th. The shares were purchased at an average cost of $86.92 per share, with a total value of $86,920.00. Following the completion of the transaction, the director now directly owns 38,653 shares of the company's stock, valued at approximately $3,359,718.76. This represents a 2.66% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last 90 days, insiders acquired 1,235 shares of company stock valued at $109,867. Insiders own 0.34% of the company's stock.

DT Midstream Price Performance

Shares of DT Midstream stock traded up $0.81 during trading on Friday, reaching $104.73. The company's stock had a trading volume of 1,333,637 shares, compared to its average volume of 881,521. The business has a 50 day moving average price of $98.31 and a 200-day moving average price of $100.12. The company has a market capitalization of $10.64 billion, a P/E ratio of 25.48 and a beta of 0.77. DT Midstream, Inc. has a 12-month low of $66.37 and a 12-month high of $114.50. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.61.

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

DT Midstream Announces Dividend

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