LSV Asset Management Cuts Stock Holdings in DT Midstream, Inc. (NYSE:DTM)

LSV Asset Management lowered its holdings in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) by 12.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 168,582 shares of the company's stock after selling 23,779 shares during the period. LSV Asset Management owned 0.17% of DT Midstream worth $9,238,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Mariner LLC lifted its position in DT Midstream by 10.6% during the third quarter. Mariner LLC now owns 20,790 shares of the company's stock worth $1,100,000 after acquiring an additional 1,985 shares during the last quarter. JPMorgan Chase & Co. lifted its position in DT Midstream by 2.1% during the third quarter. JPMorgan Chase & Co. now owns 1,931,337 shares of the company's stock worth $102,960,000 after acquiring an additional 39,059 shares during the last quarter. Comerica Bank raised its position in shares of DT Midstream by 11,073.2% in the third quarter. Comerica Bank now owns 86,257 shares of the company's stock valued at $4,565,000 after buying an additional 85,485 shares in the last quarter. Whittier Trust Co. raised its position in shares of DT Midstream by 175.0% in the fourth quarter. Whittier Trust Co. now owns 1,672 shares of the company's stock valued at $92,000 after buying an additional 1,064 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new stake in shares of DT Midstream in the fourth quarter valued at approximately $52,000. Institutional investors own 81.53% of the company's stock.

DT Midstream Trading Up 0.1 %

Shares of DT Midstream stock traded up $0.06 during trading on Wednesday, hitting $64.12. The company's stock had a trading volume of 655,742 shares, compared to its average volume of 689,574. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.71 and a quick ratio of 0.71. DT Midstream, Inc. has a 52 week low of $45.20 and a 52 week high of $64.70. The stock has a market cap of $6.23 billion, a price-to-earnings ratio of 15.62 and a beta of 0.72. The stock has a 50-day moving average price of $60.97 and a two-hundred day moving average price of $56.96.

DT Midstream (NYSE:DTM - Get Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.04. The company had revenue of $240.00 million for the quarter, compared to analysts' expectations of $242.62 million. DT Midstream had a net margin of 42.46% and a return on equity of 9.41%. During the same quarter in the previous year, the firm posted $0.84 earnings per share. Equities research analysts anticipate that DT Midstream, Inc. will post 3.93 EPS for the current fiscal year.

DT Midstream Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, June 17th will be issued a $0.735 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $2.94 annualized dividend and a yield of 4.59%. DT Midstream's payout ratio is 71.71%.

Insider Activity at DT Midstream

In other news, CFO Jeffrey A. Jewell bought 400 shares of the company's stock in a transaction that occurred on Friday, May 3rd. The shares were acquired at an average price of $62.80 per share, for a total transaction of $25,120.00. Following the completion of the acquisition, the chief financial officer now directly owns 44,285 shares in the company, valued at $2,781,098. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Jeffrey A. Jewell acquired 400 shares of the company's stock in a transaction dated Friday, May 3rd. The shares were purchased at an average price of $62.80 per share, for a total transaction of $25,120.00. Following the completion of the acquisition, the chief financial officer now owns 44,285 shares of the company's stock, valued at $2,781,098. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert C. Skaggs, Jr. acquired 1,000 shares of the company's stock in a transaction dated Monday, February 26th. The shares were bought at an average price of $56.87 per share, for a total transaction of $56,870.00. Following the acquisition, the director now directly owns 37,289 shares of the company's stock, valued at approximately $2,120,625.43. The disclosure for this purchase can be found here. 0.21% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. US Capital Advisors downgraded shares of DT Midstream from an "overweight" rating to a "hold" rating in a research report on Monday, April 29th. Wolfe Research upgraded shares of DT Midstream from an "underperform" rating to a "peer perform" rating in a research report on Tuesday, February 20th. Barclays boosted their price objective on shares of DT Midstream from $59.00 to $66.00 and gave the company an "overweight" rating in a research report on Friday, April 5th. Stifel Nicolaus boosted their price objective on shares of DT Midstream from $62.00 to $70.00 and gave the company a "buy" rating in a research report on Wednesday, May 1st. Finally, Mizuho boosted their target price on shares of DT Midstream from $57.00 to $65.00 and gave the stock a "neutral" rating in a research note on Monday, April 29th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $61.50.

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.