DT Midstream, Inc. (NYSE:DTM) Shares Acquired by Mariner LLC

Mariner LLC increased its holdings in DT Midstream, Inc. (NYSE:DTM - Free Report) by 7.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 47,557 shares of the company's stock after acquiring an additional 3,479 shares during the period. Mariner LLC's holdings in DT Midstream were worth $4,729,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DTM. Norges Bank acquired a new stake in DT Midstream in the 4th quarter valued at approximately $119,520,000. Bank of Montreal Can grew its stake in shares of DT Midstream by 733.3% in the fourth quarter. Bank of Montreal Can now owns 458,789 shares of the company's stock valued at $45,617,000 after buying an additional 403,730 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of DT Midstream by 18.7% in the fourth quarter. Geode Capital Management LLC now owns 2,452,948 shares of the company's stock valued at $243,948,000 after buying an additional 386,670 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of DT Midstream by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 10,553,782 shares of the company's stock valued at $1,049,363,000 after buying an additional 359,017 shares during the period. Finally, Invesco Ltd. lifted its stake in DT Midstream by 24.7% during the 4th quarter. Invesco Ltd. now owns 1,487,901 shares of the company's stock worth $147,942,000 after acquiring an additional 294,583 shares in the last quarter. Institutional investors and hedge funds own 81.53% of the company's stock.

DT Midstream Stock Down 0.7 %

DTM stock traded down $0.74 during trading on Friday, hitting $98.18. 102,705 shares of the company's stock were exchanged, compared to its average volume of 1,150,240. The stock has a market capitalization of $9.97 billion, a price-to-earnings ratio of 23.89 and a beta of 0.77. DT Midstream, Inc. has a 52-week low of $61.01 and a 52-week 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 business has a 50-day moving average price of $95.03 and a two-hundred day moving average price of $97.86.

DT Midstream Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th were issued a $0.82 dividend. This is a boost from DT Midstream's previous quarterly dividend of $0.74. The ex-dividend date of this dividend was Monday, March 17th. This represents a $3.28 annualized dividend and a dividend yield of 3.34%. DT Midstream's dividend payout ratio is presently 91.11%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on DTM shares. 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. Williams Trading set a $110.00 target price on shares of DT Midstream in a report on Monday, March 24th. US Capital Advisors upgraded shares of DT Midstream from a "hold" rating to a "moderate buy" rating in a research note on Monday, April 7th. Barclays reduced their price objective on DT Midstream from $107.00 to $102.00 and set an "equal weight" rating on the stock in a research note on Friday, April 11th. Finally, Wells Fargo & Company lowered their target price on DT Midstream from $118.00 to $108.00 and set an "overweight" rating for the company in a research note on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $104.67.

Insider Activity at DT Midstream

In other news, Director Robert C. Skaggs, Jr. bought 1,000 shares of the firm's 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.34% of the company's stock.

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.