4,691 Shares in DT Midstream, Inc. (NYSE:DTM) Acquired by Harvest Investment Services LLC

Harvest Investment Services LLC bought a new position in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,691 shares of the company's stock, valued at approximately $466,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new stake in DT Midstream during the 3rd quarter valued at $29,000. Bessemer Group Inc. grew its stake in shares of DT Midstream by 61.6% during the 4th quarter. Bessemer Group Inc. now owns 307 shares of the company's stock valued at $30,000 after acquiring an additional 117 shares during the period. AdvisorNet Financial Inc increased its stake in shares of DT Midstream by 106.7% in the fourth quarter. AdvisorNet Financial Inc now owns 310 shares of the company's stock worth $31,000 after purchasing an additional 160 shares in the last quarter. Sound Income Strategies LLC lifted its holdings in shares of DT Midstream by 93.7% in the fourth quarter. Sound Income Strategies LLC now owns 337 shares of the company's stock worth $34,000 after buying an additional 163 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in shares of DT Midstream by 53.2% during the fourth quarter. UMB Bank n.a. now owns 481 shares of the company's stock worth $48,000 after acquiring an additional 167 shares during the last quarter. Institutional investors own 81.53% of the company's stock.

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 that occurred on Monday, March 10th. The shares were purchased at an average price of $86.92 per share, for a total transaction of $86,920.00. Following the acquisition, the director now owns 38,653 shares of the company's stock, valued at $3,359,718.76. This represents a 2.66 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on DTM. Morgan Stanley lifted their price objective on DT Midstream from $92.00 to $105.00 and gave the stock an "underweight" rating in a research note on Tuesday, March 25th. US Capital Advisors raised shares of DT Midstream from a "hold" rating to a "moderate buy" rating in a research note on Monday, April 7th. Williams Trading set a $110.00 target price on DT Midstream in a research report on Monday, March 24th. Raymond James boosted their target price on shares of DT Midstream from $110.00 to $115.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. Finally, Wells Fargo & Company lowered their price target on DT Midstream from $118.00 to $108.00 and set an "overweight" rating for the company in a report on Friday, February 28th. Two 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's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $104.67.

DT Midstream Trading Down 0.7 %

DTM stock traded down $0.67 during trading on Monday, reaching $98.04. 251,215 shares of the stock were exchanged, compared to its average volume of 847,844. The business has a 50 day moving average price of $94.97 and a 200-day moving average price of $98.16. DT Midstream, Inc. has a 1 year low of $61.01 and a 1 year high of $114.50. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $9.96 billion, a price-to-earnings ratio of 23.82 and a beta of 0.77.

DT Midstream Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th were given a $0.82 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $3.28 dividend on an annualized basis and a yield of 3.35%. This is an increase from DT Midstream's previous quarterly dividend of $0.74. DT Midstream's payout ratio is currently 91.11%.

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.