DT Midstream, Inc. (NYSE:DTM) Holdings Lifted by Blue Trust Inc.

Blue Trust Inc. grew its position in DT Midstream, Inc. (NYSE:DTM) by 83.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,889 shares of the company’s stock after purchasing an additional 857 shares during the period. Blue Trust Inc.’s holdings in DT Midstream were worth $149,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of DTM. V Square Quantitative Management LLC bought a new position in shares of DT Midstream in the third quarter valued at approximately $29,000. Bleakley Financial Group LLC boosted its holdings in shares of DT Midstream by 11.6% in the third quarter. Bleakley Financial Group LLC now owns 3,699 shares of the company’s stock valued at $291,000 after acquiring an additional 385 shares in the last quarter. Kapitalo Investimentos Ltda boosted its holdings in shares of DT Midstream by 95.6% in the third quarter. Kapitalo Investimentos Ltda now owns 6,145 shares of the company’s stock valued at $483,000 after acquiring an additional 3,003 shares in the last quarter. Creative Planning boosted its holdings in shares of DT Midstream by 8.1% in the third quarter. Creative Planning now owns 41,800 shares of the company’s stock valued at $3,288,000 after acquiring an additional 3,145 shares in the last quarter. Finally, Burns Matteson Capital Management LLC bought a new position in shares of DT Midstream in the third quarter valued at approximately $231,000. Institutional investors own 81.53% of the company’s stock.

DT Midstream Trading Down 0.6 %

DT Midstream stock opened at $87.39 on Monday. The company has a 50 day moving average price of $80.02 and a 200 day moving average price of $72.59. DT Midstream, Inc. has a 52 week low of $51.17 and a 52 week high of $88.21. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market capitalization of $8.49 billion, a price-to-earnings ratio of 21.31 and a beta of 0.74.

DT Midstream (NYSE:DTM) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.06. DT Midstream had a net margin of 42.10% and a return on equity of 9.45%. The firm had revenue of $244.00 million during the quarter, compared to analyst estimates of $236.83 million. During the same quarter last year, the business posted $0.93 EPS. Research analysts forecast that DT Midstream, Inc. will post 3.99 EPS for the current year.

DT Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 16th were paid a $0.735 dividend. This represents a $2.94 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend was Monday, September 16th. DT Midstream’s dividend payout ratio is 71.71%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on DTM shares. Citigroup increased their price objective on shares of DT Midstream from $62.00 to $76.00 and gave the company a “neutral” rating in a report on Wednesday, September 4th. Morgan Stanley raised their target price on shares of DT Midstream from $82.00 to $92.00 and gave the stock an “underweight” rating in a report on Friday. JPMorgan Chase & Co. raised their target price 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. Barclays raised their target price on shares of DT Midstream from $76.00 to $85.00 and gave the stock an “overweight” rating in a report on Thursday, October 3rd. Finally, Stifel Nicolaus raised their target price on shares of DT Midstream from $70.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $77.38.

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.