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XTX Topco Ltd Buys 37,534 Shares of DT Midstream, Inc. (NYSE:DTM)

DT Midstream logo with Energy background

Key Points

  • XTX Topco Ltd increased its stake in DT Midstream, Inc. by 405.2%, acquiring an additional 37,534 shares to hold a total of 46,797 shares valued at approximately $4.5 million.
  • As of the latest data, 81.53% of DT Midstream's stock is owned by institutional investors, with various firms including Mowery & Schoenfeld Wealth Management and Alpine Bank Wealth Management recently making new investments.
  • The stock has an average target price of $109.27 and has received mixed ratings from analysts, with two sell ratings, three holds, and six buy ratings.
  • MarketBeat previews the top five stocks to own by September 1st.

XTX Topco Ltd raised its position in DT Midstream, Inc. (NYSE:DTM - Free Report) by 405.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,797 shares of the company's stock after purchasing an additional 37,534 shares during the quarter. XTX Topco Ltd's holdings in DT Midstream were worth $4,515,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Ballentine Partners LLC raised its position in shares of DT Midstream by 4.8% during the first quarter. Ballentine Partners LLC now owns 2,498 shares of the company's stock worth $241,000 after acquiring an additional 114 shares during the last quarter. Bessemer Group Inc. raised its position in shares of 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 acquiring an additional 117 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of DT Midstream by 1.1% during the fourth quarter. NewEdge Advisors LLC now owns 13,413 shares of the company's stock worth $1,334,000 after acquiring an additional 142 shares during the last quarter. Applied Finance Capital Management LLC raised its position in shares of DT Midstream by 6.5% during the first quarter. Applied Finance Capital Management LLC now owns 2,410 shares of the company's stock worth $233,000 after acquiring an additional 147 shares during the last quarter. Finally, Secure Asset Management LLC raised its position in shares of DT Midstream by 6.8% during the first quarter. Secure Asset Management LLC now owns 2,470 shares of the company's stock worth $238,000 after acquiring an additional 157 shares during the last quarter. 81.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on DTM shares. US Capital Advisors downgraded DT Midstream from a "moderate buy" rating to a "hold" rating in a research report on Monday, April 28th. Wells Fargo & Company raised their price objective on DT Midstream from $108.00 to $117.00 and gave the stock an "overweight" rating in a research report on Friday. Barclays raised their price objective on DT Midstream from $102.00 to $103.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 20th. Stifel Nicolaus raised their target price on DT Midstream from $102.00 to $108.00 and gave the stock a "buy" rating in a research note on Friday. Finally, Morgan Stanley set a $115.00 target price on DT Midstream and gave the stock an "underweight" rating in a research note on Tuesday, June 3rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $110.64.

View Our Latest Stock Analysis on DT Midstream

DT Midstream Stock Up 2.9%

DT Midstream stock traded up $3.02 during mid-day trading on Friday, reaching $105.75. The stock had a trading volume of 1,275,524 shares, compared to its average volume of 1,027,839. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.82 and a current ratio of 0.82. DT Midstream, Inc. has a fifty-two week low of $69.82 and a fifty-two week high of $114.50. The stock's 50-day simple moving average is $104.58 and its 200-day simple moving average is $100.82. The firm has a market capitalization of $10.74 billion, a PE ratio of 28.81, a price-to-earnings-growth ratio of 1.83 and a beta of 0.78.

DT Midstream (NYSE:DTM - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $1.04 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.06. DT Midstream had a return on equity of 8.46% and a net margin of 34.96%. The firm had revenue of $299.00 million during the quarter, compared to analysts' expectations of $295.70 million. During the same quarter last year, the firm posted $0.98 earnings per share. On average, sell-side analysts forecast that DT Midstream, Inc. will post 3.8 EPS for the current fiscal year.

DT Midstream Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be given a dividend of $0.82 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $3.28 annualized dividend and a dividend yield of 3.1%. DT Midstream's payout ratio is presently 87.94%.

DT Midstream Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for DT Midstream (NYSE:DTM)

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