DT Midstream, Inc. (NYSE:DTM) Shares Acquired by Gotham Asset Management LLC

Gotham Asset Management LLC raised its position in DT Midstream, Inc. (NYSE:DTM - Free Report) by 1.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 154,066 shares of the company's stock after purchasing an additional 2,806 shares during the period. Gotham Asset Management LLC owned 0.16% of DT Midstream worth $15,319,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System raised its holdings in DT Midstream by 0.4% in the 4th quarter. Louisiana State Employees Retirement System now owns 27,000 shares of the company's stock valued at $2,685,000 after buying an additional 100 shares during the period. Jones Financial Companies Lllp raised its holdings in DT Midstream by 15.0% in the 4th quarter. Jones Financial Companies Lllp now owns 768 shares of the company's stock valued at $76,000 after buying an additional 100 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in DT Midstream by 17.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 696 shares of the company's stock valued at $69,000 after buying an additional 105 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in DT Midstream by 1.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 12,137 shares of the company's stock valued at $1,235,000 after buying an additional 116 shares during the period. Finally, Lakeshore Financial Planning Inc. raised its holdings in DT Midstream by 4.2% in the 4th quarter. Lakeshore Financial Planning Inc. now owns 2,868 shares of the company's stock valued at $285,000 after buying an additional 116 shares during the period. Hedge funds and other institutional investors own 81.53% of the company's stock.

DT Midstream Stock Up 0.3%

Shares of DT Midstream stock traded up $0.29 on Wednesday, reaching $102.71. 736,962 shares of the company were exchanged, compared to its average volume of 870,131. DT Midstream, Inc. has a 1-year low of $65.43 and a 1-year high of $114.50. The company has a market cap of $10.43 billion, a P/E ratio of 24.99 and a beta of 0.77. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.95 and a quick ratio of 0.95. The stock's 50 day moving average price is $96.05 and its 200-day moving average price is $99.20.

DT Midstream (NYSE:DTM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $1.06 EPS for the quarter, missing analysts' consensus estimates of $1.07 by ($0.01). DT Midstream had a return on equity of 9.31% and a net margin of 41.19%. The company had revenue of $288.81 million for the quarter, compared to analyst estimates of $285.48 million. During the same period in the prior year, the firm posted $0.99 earnings per share. As a group, equities analysts forecast that DT Midstream, Inc. will post 3.8 EPS for the current year.

DT Midstream Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 16th will be given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date is Monday, June 16th. DT Midstream's dividend payout ratio is presently 89.37%.

Analyst Upgrades and Downgrades

DTM has been the topic of a number of recent research reports. Bank of America initiated coverage on shares of DT Midstream in a research note on Monday, March 24th. They set a "buy" rating and a $110.00 price target on the stock. Williams Trading set a $110.00 price target on shares of DT Midstream in a research note on Monday, March 24th. Raymond James boosted their price target on shares of DT Midstream from $110.00 to $115.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. Morgan Stanley boosted their price target on shares of DT Midstream from $92.00 to $105.00 and gave the stock an "underweight" rating in a research note on Tuesday, March 25th. Finally, Stifel Nicolaus cut their price target on shares of DT Midstream from $106.00 to $102.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, DT Midstream presently has an average rating of "Hold" and an average target price of $108.27.

Insider Activity at DT Midstream

In other DT Midstream news, Director Robert C. Skaggs, Jr. purchased 1,000 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average cost of $86.92 per share, with a total value of $86,920.00. Following the completion of the acquisition, the director now directly owns 38,653 shares of the company's stock, valued at $3,359,718.76. This trade represents a 2.66% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders acquired 1,235 shares of company stock valued at $109,867 over the last three months. 0.34% of the stock is owned by corporate insiders.

About DT Midstream

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.