DT Midstream, Inc. (NYSE:DTM) Shares Acquired by Voya Investment Management LLC

Voya Investment Management LLC boosted its stake in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) by 16.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 133,155 shares of the company's stock after buying an additional 19,297 shares during the quarter. Voya Investment Management LLC owned 0.14% of DT Midstream worth $13,240,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Friedenthal Financial purchased a new position in shares of DT Midstream during the fourth quarter worth $764,000. Truist Financial Corp acquired a new stake in DT Midstream in the fourth quarter valued at approximately $771,000. Thrivent Financial for Lutherans lifted its position in shares of DT Midstream by 55.9% during the 4th quarter. Thrivent Financial for Lutherans now owns 35,570 shares of the company's stock worth $3,536,000 after purchasing an additional 12,755 shares during the last quarter. UMB Bank n.a. boosted its position in shares of 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 in the last quarter. Finally, Atria Investments Inc boosted its holdings in DT Midstream by 82.0% in the fourth quarter. Atria Investments Inc now owns 15,412 shares of the company's stock valued at $1,532,000 after purchasing an additional 6,946 shares in the last quarter. 81.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. US Capital Advisors lowered shares of DT Midstream from a "moderate buy" rating to a "hold" rating in a research note on Monday. Williams Trading set a $110.00 target price on shares of DT Midstream in a report on Monday, March 24th. UBS Group upped their price objective on DT Midstream from $102.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. Raymond James boosted their target price on DT Midstream from $110.00 to $115.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. Finally, Barclays decreased their price target on DT Midstream from $107.00 to $102.00 and set an "equal weight" rating for the company in a report on Friday, April 11th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, DT Midstream currently has a consensus rating of "Hold" and an average price target of $108.27.

DT Midstream Price Performance

Shares of DTM traded up $3.00 during mid-day trading on Friday, reaching $100.80. 957,872 shares of the company's stock were exchanged, compared to its average volume of 855,821. DT Midstream, Inc. has a 52-week low of $61.94 and a 52-week high of $114.50. The company has a market cap of $10.24 billion, a price-to-earnings ratio of 24.53 and a beta of 0.77. The company has a 50-day simple moving average of $94.88 and a two-hundred day simple moving average of $98.33. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.61.

DT Midstream (NYSE:DTM - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $1.06 EPS 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 company had revenue of $288.81 million during the quarter, compared to analysts' expectations of $285.48 million. During the same period last year, the business earned $0.99 earnings per share. On average, sell-side analysts predict that DT Midstream, Inc. will post 3.8 EPS for the current fiscal year.

DT Midstream Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 16th will be given a dividend of $0.82 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.25%. DT Midstream's payout ratio is currently 91.11%.

Insider Activity at DT Midstream

In other DT Midstream news, Director Robert C. Skaggs, Jr. purchased 1,000 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were acquired at an average price 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 in the company, valued at $3,359,718.76. The trade was a 2.66 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.34% of the company's stock.

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.