Cookson Peirce & Co. Inc. Buys Shares of 9,967 DT Midstream, Inc. (NYSE:DTM)

Cookson Peirce & Co. Inc. acquired a new position in DT Midstream, Inc. (NYSE:DTM) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,967 shares of the company’s stock, valued at approximately $991,000.

Several other large investors have also recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB purchased a new stake in DT Midstream during the 3rd quarter worth approximately $29,000. AdvisorNet Financial Inc increased its stake in DT Midstream by 106.7% during the 4th quarter. AdvisorNet Financial Inc now owns 310 shares of the company’s stock worth $31,000 after buying an additional 160 shares during the period. Sound Income Strategies LLC increased its stake 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 during the period. Brooklyn Investment Group purchased a new stake in DT Midstream during the 3rd quarter worth approximately $40,000. Finally, UMB Bank n.a. increased its stake 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 buying an additional 167 shares during the period. 81.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DTM has been the topic of a number of recent analyst reports. The Goldman Sachs Group increased their price objective on shares of DT Midstream from $74.00 to $94.00 and gave the company a “sell” rating in a research report on Thursday, December 19th. Stifel Nicolaus dropped their price objective on shares of DT Midstream from $106.00 to $102.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Citigroup raised shares of DT Midstream from a “neutral” rating to a “buy” rating and increased their price objective for the company from $90.00 to $115.00 in a research report on Thursday, November 21st. JPMorgan Chase & Co. increased their price objective on shares of DT Midstream from $109.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, January 24th. Finally, Barclays started coverage on shares of DT Midstream in a report on Friday, January 10th. They issued an “equal weight” rating and a $112.00 target price for the company. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, DT Midstream presently has an average rating of “Hold” and a consensus target price of $102.00.

DT Midstream Price Performance

DTM opened at $93.65 on Thursday. The company’s 50 day simple moving average is $102.13 and its 200 day simple moving average is $93.66. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 0.95. DT Midstream, Inc. has a 1 year low of $57.16 and a 1 year high of $114.50. The stock has a market capitalization of $9.49 billion, a PE ratio of 22.79 and a beta of 0.79.

DT Midstream Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 3.50%. This is a boost from DT Midstream’s previous quarterly dividend of $0.74. The ex-dividend date of this dividend is Monday, March 17th. DT Midstream’s payout ratio is 91.11%.

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.