503 Shares in DT Midstream, Inc. (NYSE:DTM) Bought by Brooklyn Investment Group

Brooklyn Investment Group acquired a new position in shares of DT Midstream, Inc. (NYSE:DTM) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 503 shares of the company’s stock, valued at approximately $40,000.

Several other large investors have also modified their holdings of DTM. UMB Bank n.a. boosted its holdings in shares of DT Midstream by 324.3% during the 3rd quarter. UMB Bank n.a. now owns 314 shares of the company’s stock worth $25,000 after buying an additional 240 shares during the period. Family Firm Inc. bought a new stake in DT Midstream in the 2nd quarter valued at $26,000. V Square Quantitative Management LLC bought a new stake in DT Midstream in the 3rd quarter valued at $29,000. First Command Advisory Services Inc. bought a new stake in DT Midstream in the 2nd quarter valued at $31,000. Finally, American National Bank boosted its holdings in DT Midstream by 100.0% in the 2nd quarter. American National Bank now owns 468 shares of the company’s stock valued at $33,000 after purchasing an additional 234 shares during the period. 81.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. The Goldman Sachs Group increased their price target on shares of DT Midstream from $66.00 to $74.00 and gave the company a “sell” rating in a report on Tuesday, November 5th. Citigroup raised shares of DT Midstream from a “neutral” rating to a “buy” rating and increased their price target for the company from $90.00 to $115.00 in a report on Thursday, November 21st. Morgan Stanley increased their price target 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. Barclays raised their price objective on shares of DT Midstream from $85.00 to $92.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Finally, JPMorgan Chase & Co. raised their price objective on shares of DT Midstream from $78.00 to $83.00 and gave the stock a “neutral” rating in a report on Friday, October 4th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $84.78.

DT Midstream Trading Up 0.3 %

Shares of DT Midstream stock opened at $106.12 on Friday. The stock has a market capitalization of $10.31 billion, a P/E ratio of 25.82 and a beta of 0.71. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.61. The company has a 50-day simple moving average of $90.66 and a 200 day simple moving average of $78.35. DT Midstream, Inc. has a 12-month low of $51.17 and a 12-month high of $109.85.

DT Midstream (NYSE:DTM) last announced its earnings results on Tuesday, October 29th. The company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.05). The firm had revenue of $248.00 million for the quarter, compared to analyst estimates of $242.64 million. DT Midstream had a return on equity of 9.31% and a net margin of 41.19%. During the same quarter last year, the business earned $0.94 EPS. Research analysts expect that DT Midstream, Inc. will post 3.85 earnings per share for the current fiscal year.

DT Midstream Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 16th will be given a dividend of $0.735 per share. This represents a $2.94 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend is Monday, December 16th. DT Midstream’s dividend payout ratio (DPR) is currently 71.53%.

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.