DT Midstream, Inc. (NYSE:DTM) Shares Bought by Pathstone Holdings LLC

Pathstone Holdings LLC increased its holdings in DT Midstream, Inc. (NYSE:DTM) by 3.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,679 shares of the company’s stock after buying an additional 668 shares during the quarter. Pathstone Holdings LLC’s holdings in DT Midstream were worth $1,633,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. UMB Bank n.a. raised its position in shares of DT Midstream by 324.3% in the third quarter. UMB Bank n.a. now owns 314 shares of the company’s stock worth $25,000 after acquiring an additional 240 shares during the period. V Square Quantitative Management LLC acquired a new position in DT Midstream during the third quarter worth $29,000. Family Firm Inc. acquired a new position in DT Midstream during the second quarter worth $26,000. First Command Advisory Services Inc. purchased a new stake in DT Midstream in the 2nd quarter valued at $31,000. Finally, American National Bank raised its stake in DT Midstream by 100.0% during the second quarter. American National Bank now owns 468 shares of the company’s stock worth $33,000 after purchasing an additional 234 shares during the period. 81.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group increased their price target on DT Midstream from $66.00 to $74.00 and gave the stock a “sell” rating in a report on Tuesday, November 5th. Stifel Nicolaus lowered DT Midstream from a “buy” rating to a “hold” rating and lifted their target price for the company from $78.00 to $89.00 in a report on Wednesday, October 30th. Morgan Stanley raised their price objective on shares of DT Midstream from $82.00 to $92.00 and gave the company an “underweight” rating in a report on Friday, October 25th. JPMorgan Chase & Co. boosted their price objective on shares of DT Midstream from $78.00 to $83.00 and gave the stock a “neutral” rating in a research report on Friday, October 4th. Finally, Citigroup upgraded DT Midstream from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $90.00 to $115.00 in a research note on Thursday, November 21st. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $84.78.

DT Midstream Trading Down 0.9 %

NYSE DTM opened at $105.82 on Thursday. DT Midstream, Inc. has a 12 month low of $51.17 and a 12 month high of $109.85. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.95 and a quick ratio of 0.95. The company has a 50-day moving average of $89.51 and a 200-day moving average of $77.96. The company has a market cap of $10.28 billion, a P/E ratio of 25.80 and a beta of 0.71.

DT Midstream (NYSE:DTM) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.05). The business had revenue of $248.00 million for the quarter, compared to analysts’ expectations of $242.64 million. DT Midstream had a return on equity of 9.31% and a net margin of 41.19%. During the same period last year, the company posted $0.94 earnings per share. As a group, equities analysts predict that DT Midstream, Inc. will post 3.96 earnings per share for the current year.

DT Midstream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th will be issued a dividend of $0.735 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.94 annualized dividend and a yield of 2.78%. DT Midstream’s dividend payout ratio is presently 71.53%.

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.