Westwood Holdings Group Inc. Increases Stock Holdings in DT Midstream, Inc. (NYSE:DTM)

Westwood Holdings Group Inc. increased its holdings in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) by 108.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,084,018 shares of the company's stock after purchasing an additional 564,899 shares during the quarter. DT Midstream makes up approximately 0.8% of Westwood Holdings Group Inc.'s portfolio, making the stock its 26th biggest position. Westwood Holdings Group Inc. owned approximately 1.12% of DT Midstream worth $107,784,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in DTM. Bessemer Group Inc. lifted its stake in DT Midstream by 61.6% during the fourth quarter. Bessemer Group Inc. now owns 307 shares of the company's stock worth $30,000 after purchasing an additional 117 shares during the last quarter. AdvisorNet Financial Inc lifted its stake in DT Midstream by 106.7% in the fourth quarter. AdvisorNet Financial Inc now owns 310 shares of the company's stock valued at $31,000 after buying an additional 160 shares during the last quarter. Sound Income Strategies LLC lifted its stake in DT Midstream by 93.7% in the fourth quarter. Sound Income Strategies LLC now owns 337 shares of the company's stock valued at $34,000 after buying an additional 163 shares during the last quarter. UMB Bank n.a. lifted its stake in 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 buying an additional 167 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in DT Midstream in the fourth quarter valued at approximately $50,000. Hedge funds and other institutional investors own 81.53% of the company's stock.

Wall Street Analysts Forecast Growth

DTM has been the topic of a number of recent analyst reports. Raymond James upped their price objective on DT Midstream from $110.00 to $115.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. Barclays upped their price objective on DT Midstream from $102.00 to $103.00 and gave the stock an "equal weight" rating in a report on Tuesday. Morgan Stanley upped their price objective on DT Midstream from $92.00 to $105.00 and gave the stock an "underweight" rating in a report on Tuesday, March 25th. UBS Group upped their price objective on DT Midstream from $102.00 to $115.00 and gave the stock a "buy" rating in a report on Thursday, March 27th. Finally, JPMorgan Chase & Co. increased their price objective on DT Midstream from $109.00 to $115.00 and gave the company a "neutral" rating in a research note on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $108.36.

DT Midstream Trading Up 2.0%

NYSE DTM traded up $2.00 during trading hours on Friday, hitting $104.09. 633,014 shares of the company's stock were exchanged, compared to its average volume of 874,877. The business's 50 day moving average is $97.78 and its 200-day moving average is $99.88. DT Midstream, Inc. has a 12-month low of $65.43 and a 12-month high of $114.50. The firm has a market capitalization of $10.57 billion, a P/E ratio of 25.33 and a beta of 0.77. 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 released its earnings results 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 business had revenue of $288.81 million for the quarter, compared to analysts' expectations of $285.48 million. DT Midstream had a return on equity of 9.31% and a net margin of 41.19%. During the same quarter last year, the company posted $0.99 earnings per share. As a group, analysts anticipate that DT Midstream, Inc. will post 3.8 EPS 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. Stockholders of record on Monday, June 16th will be issued a $0.82 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.15%. DT Midstream's dividend payout ratio (DPR) is 89.37%.

Insider Transactions at DT Midstream

In other news, Director Robert C. Skaggs, Jr. acquired 1,000 shares of the business's stock in a transaction dated Monday, March 10th. The shares were bought at an average cost of $86.92 per share, for a total transaction of $86,920.00. Following the acquisition, the director now directly owns 38,653 shares in the company, valued at $3,359,718.76. This trade represents a 2.66% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have bought a total of 1,235 shares of company stock worth $109,867 in the last three months. 0.34% of the stock is currently 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.