Strategic Investment Advisors MI Has $350,000 Stock Position in DT Midstream, Inc. (NYSE:DTM)

Strategic Investment Advisors MI reduced its stake in DT Midstream, Inc. (NYSE:DTM) by 8.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,623 shares of the company’s stock after selling 341 shares during the quarter. Strategic Investment Advisors MI’s holdings in DT Midstream were worth $350,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of DTM. Truist Financial Corp bought a new position in shares of DT Midstream during the fourth quarter worth approximately $771,000. Atria Wealth Solutions Inc. grew its holdings in DT Midstream by 56.3% in the 4th quarter. Atria Wealth Solutions Inc. now owns 6,923 shares of the company’s stock valued at $690,000 after buying an additional 2,493 shares in the last quarter. Private Advisor Group LLC grew its holdings in DT Midstream by 32.1% in the 4th quarter. Private Advisor Group LLC now owns 6,203 shares of the company’s stock valued at $617,000 after buying an additional 1,508 shares in the last quarter. IFP Advisors Inc increased its position in DT Midstream by 37.8% during the 4th quarter. IFP Advisors Inc now owns 1,257 shares of the company’s stock worth $130,000 after buying an additional 345 shares during the period. Finally, Amalgamated Bank lifted its holdings in shares of DT Midstream by 0.4% during the fourth quarter. Amalgamated Bank now owns 46,496 shares of the company’s stock worth $4,623,000 after buying an additional 193 shares in the last quarter. 81.53% of the stock is currently owned by institutional investors and hedge funds.

DT Midstream Stock Down 0.4%

NYSE DTM opened at $106.96 on Thursday. The business has a fifty day moving average price of $102.80 and a two-hundred day moving average price of $100.41. The stock has a market capitalization of $10.87 billion, a PE ratio of 29.14, a PEG ratio of 1.71 and a beta of 0.78. DT Midstream, Inc. has a fifty-two week low of $68.88 and a fifty-two week high of $114.50. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.82 and a quick ratio of 0.82.

DT Midstream (NYSE:DTM) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.01). The business had revenue of $288.81 million for the quarter, compared to analyst estimates of $285.48 million. DT Midstream had a return on equity of 8.46% and a net margin of 34.96%. During the same period last year, the firm posted $0.99 EPS. Equities analysts expect that DT Midstream, Inc. will post 3.8 earnings per share for the current fiscal year.

DT Midstream Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 3.07%. The ex-dividend date is Monday, June 16th. DT Midstream’s payout ratio is 89.37%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DTM. Williams Trading set a $110.00 price target on shares of DT Midstream in a research note on Monday, March 24th. UBS Group boosted their price objective on shares of DT Midstream from $102.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, March 27th. Morgan Stanley set a $115.00 target price on shares of DT Midstream and gave the stock an “underweight” rating in a research report on Tuesday, June 3rd. US Capital Advisors cut shares of DT Midstream from a “moderate buy” rating to a “hold” rating in a report on Monday, April 28th. Finally, Stifel Nicolaus dropped their price target on shares of DT Midstream from $106.00 to $102.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $109.27.

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.