Universal Beteiligungs und Servicegesellschaft mbH Makes New Investment in DT Midstream, Inc. (NYSE:DTM)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has made a new investment of $1.17 million in DT Midstream, acquiring 12,070 shares of the company.
• DT Midstream recently reported earnings per share of $1.04, exceeding analysts' expectations, and has declared a quarterly dividend of $0.82, resulting in an annualized yield of 3.1%.
• Several research firms have updated their price targets for DT Midstream, with Barclays raising its objective to $103.00 and Wells Fargo boosting it to $117.00, reflecting a consensus target price of $110.64.

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 12,070 shares of the company's stock, valued at approximately $1,165,000.

Other large investors have also recently bought and sold shares of the company. American Century Companies Inc. raised its stake in shares of DT Midstream by 3.5% in the 4th quarter. American Century Companies Inc. now owns 48,837 shares of the company's stock valued at $4,856,000 after buying an additional 1,666 shares in the last quarter. LPL Financial LLC raised its stake in shares of DT Midstream by 23.9% in the 4th quarter. LPL Financial LLC now owns 81,602 shares of the company's stock valued at $8,114,000 after buying an additional 15,733 shares in the last quarter. Blair William & Co. IL raised its stake in shares of DT Midstream by 6.9% in the 4th quarter. Blair William & Co. IL now owns 6,515 shares of the company's stock valued at $648,000 after buying an additional 420 shares in the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of DT Midstream by 20.6% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 4,181 shares of the company's stock valued at $416,000 after buying an additional 713 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of DT Midstream by 26.9% in the 4th quarter. Alliancebernstein L.P. now owns 164,879 shares of the company's stock valued at $16,394,000 after buying an additional 34,958 shares in the last quarter. 81.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DTM. Wells Fargo & Company upped their target price on shares of DT Midstream from $108.00 to $117.00 and gave the stock an "overweight" rating in a report on Friday. Stifel Nicolaus upped their target price on shares of DT Midstream from $102.00 to $108.00 and gave the stock a "buy" rating in a report on Friday. US Capital Advisors lowered shares of DT Midstream from a "moderate buy" rating to a "hold" rating in a report on Monday, April 28th. Morgan Stanley set a $115.00 target price on shares of DT Midstream and gave the stock an "underweight" rating in a report on Tuesday, June 3rd. Finally, Barclays upped their target price 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. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $110.64.

DT Midstream Trading Up 0.2%

Shares of NYSE DTM traded up $0.22 during mid-day trading on Monday, hitting $105.83. The company's stock had a trading volume of 698,063 shares, compared to its average volume of 806,558. The stock has a market cap of $10.75 billion, a price-to-earnings ratio of 26.81, a price-to-earnings-growth ratio of 1.91 and a beta of 0.77. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.88 and a quick ratio of 0.88. DT Midstream, Inc. has a one year low of $69.82 and a one year high of $114.50. The company's fifty day simple moving average is $104.61 and its 200-day simple moving average is $100.66.

DT Midstream (NYSE:DTM - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.06. The company had revenue of $299.00 million for the quarter, compared to analyst estimates of $295.70 million. DT Midstream had a net margin of 33.90% and a return on equity of 8.48%. During the same quarter last year, the firm earned $0.98 EPS. On average, sell-side analysts anticipate that DT Midstream, Inc. will post 3.8 earnings per share for the current fiscal year.

DT Midstream Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Monday, September 15th. DT Midstream's dividend payout ratio (DPR) is currently 87.94%.

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.