Deutsche Bank AG Buys 147,790 Shares of DT Midstream, Inc. (NYSE:DTM)

Deutsche Bank AG increased its holdings in shares of DT Midstream, Inc. (NYSE:DTM) by 5.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,831,830 shares of the company’s stock after purchasing an additional 147,790 shares during the period. Deutsche Bank AG owned 2.91% of DT Midstream worth $281,569,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of DT Midstream in the third quarter valued at approximately $29,000. Bessemer Group Inc. boosted its position in shares of DT Midstream by 61.6% during the 4th quarter. Bessemer Group Inc. now owns 307 shares of the company’s stock worth $30,000 after acquiring an additional 117 shares in the last quarter. AdvisorNet Financial Inc lifted its stake in DT Midstream by 106.7% during the fourth quarter. AdvisorNet Financial Inc now owns 310 shares of the company’s stock worth $31,000 after purchasing an additional 160 shares during the last quarter. Sound Income Strategies LLC grew its position in DT Midstream by 93.7% in the fourth quarter. Sound Income Strategies LLC now owns 337 shares of the company’s stock valued at $34,000 after acquiring an additional 163 shares during the last quarter. Finally, UMB Bank n.a. increased its position 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 purchasing an additional 167 shares in the last quarter. 81.53% of the stock is currently owned by institutional investors.

DT Midstream Stock Performance

Shares of DTM stock opened at $100.27 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market cap of $10.19 billion, a price-to-earnings ratio of 24.40 and a beta of 0.77. The firm’s 50-day simple moving average is $95.50 and its two-hundred day simple moving average is $98.83. DT Midstream, Inc. has a 52 week low of $63.87 and a 52 week high of $114.50.

DT Midstream (NYSE:DTM) last issued its earnings results on Wednesday, April 30th. The company reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.01). The firm had revenue of $288.81 million during the quarter, compared to the consensus estimate of $285.48 million. DT Midstream had a net margin of 41.19% and a return on equity of 9.31%. During the same quarter in the previous year, the firm earned $0.99 earnings per share. As a group, equities analysts forecast that DT Midstream, Inc. will post 3.8 earnings per share for the current year.

DT Midstream Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 16th will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date is Monday, June 16th. DT Midstream’s payout ratio is currently 89.37%.

Insider Activity at DT Midstream

In other DT Midstream news, Director Robert C. Skaggs, Jr. purchased 1,000 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was purchased at an average price of $86.92 per share, for a total transaction of $86,920.00. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.34% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on DTM shares. JPMorgan Chase & Co. lifted their price target on DT Midstream from $109.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. Wells Fargo & Company lowered their target price on DT Midstream from $118.00 to $108.00 and set an “overweight” rating for the company in a research report on Friday, February 28th. Morgan Stanley upped their price target on DT Midstream from $92.00 to $105.00 and gave the company an “underweight” rating in a research report on Tuesday, March 25th. Williams Trading set a $110.00 price objective on DT Midstream in a research report on Monday, March 24th. Finally, UBS Group upped their target price on DT Midstream from $102.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, March 27th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $108.27.

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.