Susquehanna Fundamental Investments LLC Takes Position in DT Midstream, Inc. (NYSE:DTM)

Susquehanna Fundamental Investments LLC bought a new stake in DT Midstream, Inc. (NYSE:DTM - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 42,911 shares of the company's stock, valued at approximately $4,267,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of DT Midstream during the 3rd quarter worth approximately $29,000. Bessemer Group Inc. boosted its stake in DT Midstream by 61.6% in the fourth quarter. Bessemer Group Inc. now owns 307 shares of the company's stock worth $30,000 after purchasing an additional 117 shares in the last quarter. AdvisorNet Financial Inc raised its holdings in shares of DT Midstream by 106.7% in the fourth quarter. AdvisorNet Financial Inc now owns 310 shares of the company's stock valued at $31,000 after buying an additional 160 shares during the last quarter. Sound Income Strategies LLC lifted its position in DT Midstream by 93.7% during the 4th quarter. Sound Income Strategies LLC now owns 337 shares of the company's stock worth $34,000 after buying an additional 163 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in DT Midstream by 53.2% during the 4th quarter. UMB Bank n.a. now owns 481 shares of the company's stock worth $48,000 after acquiring an additional 167 shares during the last quarter. 81.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on DTM shares. Barclays lowered their target price on DT Midstream from $107.00 to $102.00 and set an "equal weight" rating for the company in a research note on Friday, April 11th. Williams Trading set a $110.00 price target on shares of DT Midstream in a research note on Monday, March 24th. US Capital Advisors lowered shares of DT Midstream from a "moderate buy" rating to a "hold" rating in a report on Monday. Wells Fargo & Company cut their price target on DT Midstream from $118.00 to $108.00 and set an "overweight" rating on the stock in a research note on Friday, February 28th. Finally, Stifel Nicolaus dropped their price objective on DT Midstream from $106.00 to $102.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $108.27.

DT Midstream Stock Up 0.6 %

DTM traded up $0.59 on Thursday, hitting $97.79. 1,723,775 shares of the company were exchanged, compared to its average volume of 855,413. The stock's fifty day moving average is $94.88 and its 200-day moving average is $98.33. DT Midstream, Inc. has a 12 month low of $61.94 and a 12 month high of $114.50. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market cap of $9.93 billion, a PE ratio of 23.79 and a beta of 0.77.

DT Midstream (NYSE:DTM - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.01). DT Midstream had a net margin of 41.19% and a return on equity of 9.31%. The firm had revenue of $288.81 million during the quarter, compared to the consensus estimate of $285.48 million. During the same period in the prior year, the business posted $0.99 earnings per share. Equities research analysts predict that DT Midstream, Inc. will post 3.8 EPS for the current fiscal year.

DT Midstream Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 16th will be issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date is Monday, June 16th. DT Midstream's payout ratio is currently 91.11%.

Insiders Place Their Bets

In related news, Director Robert C. Skaggs, Jr. bought 1,000 shares of DT Midstream stock in a transaction that occurred on Monday, March 10th. The stock was acquired at an average price of $86.92 per share, with a total value of $86,920.00. Following the acquisition, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.34% of the company's stock.

DT Midstream Company 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.