International Assets Investment Management LLC Makes New Investment in DT Midstream, Inc. (NYSE:DTM)

International Assets Investment Management LLC acquired a new position in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 14,865 shares of the company's stock, valued at approximately $815,000.

Several other institutional investors also recently added to or reduced their stakes in the company. Mariner LLC lifted its position in DT Midstream by 10.6% in the third quarter. Mariner LLC now owns 20,790 shares of the company's stock valued at $1,100,000 after purchasing an additional 1,985 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of DT Midstream by 2.1% during the third quarter. JPMorgan Chase & Co. now owns 1,931,337 shares of the company's stock valued at $102,960,000 after acquiring an additional 39,059 shares during the last quarter. Comerica Bank increased its position in DT Midstream by 11,073.2% during the 3rd quarter. Comerica Bank now owns 86,257 shares of the company's stock worth $4,565,000 after purchasing an additional 85,485 shares in the last quarter. Whittier Trust Co. raised its stake in DT Midstream by 175.0% in the 4th quarter. Whittier Trust Co. now owns 1,672 shares of the company's stock valued at $92,000 after purchasing an additional 1,064 shares during the last quarter. Finally, Barclays PLC raised its stake in DT Midstream by 100.2% in the 3rd quarter. Barclays PLC now owns 117,302 shares of the company's stock valued at $6,207,000 after purchasing an additional 58,722 shares during the last quarter. Institutional investors and hedge funds own 81.53% of the company's stock.

Insiders Place Their Bets

In related news, CFO Jeffrey A. Jewell bought 400 shares of the stock in a transaction dated Friday, May 3rd. The stock was acquired at an average price of $62.80 per share, for a total transaction of $25,120.00. Following the completion of the purchase, the chief financial officer now owns 44,285 shares in the company, valued at $2,781,098. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Robert C. Skaggs, Jr. acquired 1,000 shares of the firm's stock in a transaction on Monday, February 26th. The stock was bought at an average cost of $56.87 per share, with a total value of $56,870.00. Following the transaction, the director now directly owns 37,289 shares in the company, valued at approximately $2,120,625.43. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jeffrey A. Jewell bought 400 shares of the company's stock in a transaction dated Friday, May 3rd. The shares were acquired at an average cost of $62.80 per share, for a total transaction of $25,120.00. Following the completion of the transaction, the chief financial officer now owns 44,285 shares of the company's stock, valued at approximately $2,781,098. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by insiders.

DT Midstream Trading Up 0.5 %

Shares of DT Midstream stock traded up $0.35 during trading hours on Friday, reaching $66.88. The stock had a trading volume of 356,013 shares, compared to its average volume of 705,889. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.71. DT Midstream, Inc. has a 1 year low of $45.20 and a 1 year high of $67.06. The firm has a market capitalization of $6.49 billion, a price-to-earnings ratio of 16.31 and a beta of 0.72. The firm has a 50 day simple moving average of $62.21 and a two-hundred day simple moving average of $57.60.

DT Midstream (NYSE:DTM - Get Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.99 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.04. DT Midstream had a net margin of 42.46% and a return on equity of 9.41%. The firm had revenue of $240.00 million for the quarter, compared to analysts' expectations of $242.62 million. During the same period in the previous year, the company posted $0.84 earnings per share. As a group, equities research analysts anticipate that DT Midstream, Inc. will post 3.92 earnings per share for the current year.

DT Midstream Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, June 17th will be given a $0.735 dividend. This represents a $2.94 annualized dividend and a yield of 4.40%. The ex-dividend date of this dividend is Monday, June 17th. DT Midstream's dividend payout ratio (DPR) is presently 71.71%.

Analysts Set New Price Targets

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