Charles Schwab Investment Management Inc. Purchases 44,482 Shares of DT Midstream, Inc. (NYSE:DTM)

Charles Schwab Investment Management Inc. increased its holdings in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) by 5.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 841,896 shares of the company's stock after purchasing an additional 44,482 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.87% of DT Midstream worth $46,136,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Mariner LLC grew its stake 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 acquiring an additional 1,985 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of DT Midstream by 2.1% in the third quarter. JPMorgan Chase & Co. now owns 1,931,337 shares of the company's stock valued at $102,960,000 after purchasing an additional 39,059 shares in the last quarter. Comerica Bank lifted its holdings 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 purchasing an additional 85,485 shares in the last quarter. Whittier Trust Co. lifted its holdings 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 purchasing an additional 1,064 shares in the last quarter. Finally, GAMMA Investing LLC bought a new position in shares of DT Midstream in the fourth quarter valued at approximately $52,000. Institutional investors and hedge funds own 81.53% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at DT Midstream

In other news, Director Robert C. Skaggs, Jr. bought 1,000 shares of the stock in a transaction on Monday, February 26th. The shares were purchased at an average cost of $56.87 per share, for a total transaction of $56,870.00. Following the completion of the purchase, the director now directly owns 37,289 shares in the company, valued at approximately $2,120,625.43. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Robert C. Skaggs, Jr. purchased 1,000 shares of DT Midstream stock in a transaction dated Monday, February 26th. The stock was bought at an average cost of $56.87 per share, for a total transaction of $56,870.00. Following the completion of the transaction, the director now owns 37,289 shares in the company, valued at $2,120,625.43. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jeffrey A. Jewell purchased 400 shares of DT Midstream stock in a transaction dated Friday, May 3rd. The stock was bought at an average price of $62.80 per share, with a total value 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. Corporate insiders own 0.04% of the company's stock.

DT Midstream Stock Performance

DT Midstream stock traded up $0.35 during mid-day trading on Friday, reaching $66.88. 356,013 shares of the company's stock were exchanged, compared to its average volume of 705,889. The firm has a market capitalization of $6.49 billion, a PE ratio of 16.31 and a beta of 0.72. The business's fifty day simple moving average is $62.21 and its 200 day simple moving average is $57.62. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.71. DT Midstream, Inc. has a one year low of $45.20 and a one year high of $67.06.

DT Midstream (NYSE:DTM - Get Free Report) last issued its earnings results on Tuesday, April 30th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.04. The firm had revenue of $240.00 million for the quarter, compared to analyst estimates of $242.62 million. DT Midstream had a return on equity of 9.41% and a net margin of 42.46%. During the same period in the previous year, the company posted $0.84 earnings per share. On average, sell-side analysts expect that DT Midstream, Inc. will post 3.92 earnings per share for the current year.

DT Midstream Announces Dividend

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

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.