DT Midstream, Inc. (NYSE:DTM) Shares Bought by MetLife Investment Management LLC

MetLife Investment Management LLC boosted its holdings in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) by 9.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,767 shares of the company's stock after acquiring an additional 4,576 shares during the quarter. MetLife Investment Management LLC owned 0.06% of DT Midstream worth $5,445,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new position in DT Midstream in the 4th quarter worth about $119,520,000. Bank of Montreal Can grew its stake in DT Midstream by 733.3% in the 4th quarter. Bank of Montreal Can now owns 458,789 shares of the company's stock worth $45,617,000 after acquiring an additional 403,730 shares in the last quarter. Geode Capital Management LLC increased its position in shares of DT Midstream by 18.7% during the fourth quarter. Geode Capital Management LLC now owns 2,452,948 shares of the company's stock worth $243,948,000 after acquiring an additional 386,670 shares during the period. Vanguard Group Inc. increased its position in shares of DT Midstream by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 10,553,782 shares of the company's stock worth $1,049,363,000 after acquiring an additional 359,017 shares during the period. Finally, Invesco Ltd. raised its stake in shares of DT Midstream by 24.7% during the fourth quarter. Invesco Ltd. now owns 1,487,901 shares of the company's stock valued at $147,942,000 after acquiring an additional 294,583 shares in the last quarter. Hedge funds and other institutional investors own 81.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DTM. US Capital Advisors cut DT Midstream from a "moderate buy" rating to a "hold" rating in a research note on Monday. Williams Trading set a $110.00 price target on DT Midstream in a research note on Monday, March 24th. Raymond James upped their price objective 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. Stifel Nicolaus cut their target price on shares of DT Midstream from $106.00 to $102.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. Finally, UBS Group upped their price target on shares of DT Midstream from $102.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, March 27th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $104.67.

DT Midstream Stock Down 0.4 %

NYSE DTM traded down $0.38 on Tuesday, hitting $98.36. The stock had a trading volume of 174,889 shares, compared to its average volume of 848,085. The business's fifty day moving average price is $94.91 and its 200 day moving average price is $98.26. The stock has a market cap of $9.99 billion, a price-to-earnings ratio of 23.93 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. DT Midstream, Inc. has a 52-week low of $61.01 and a 52-week high of $114.50.

DT Midstream Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 17th were given a dividend of $0.82 per share. This is a positive change from DT Midstream's previous quarterly dividend of $0.74. This represents a $3.28 annualized dividend and a yield of 3.33%. The ex-dividend date was Monday, March 17th. DT Midstream's dividend payout ratio is currently 91.11%.

Insider Buying and Selling at DT Midstream

In related news, Director Robert C. Skaggs, Jr. acquired 1,000 shares of the stock in a transaction dated Monday, March 10th. The stock was acquired at an average cost of $86.92 per share, for a total transaction of $86,920.00. Following the completion of the purchase, the director now owns 38,653 shares of the company's stock, valued at approximately $3,359,718.76. This represents a 2.66 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.34% of the stock is currently owned by company 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.