First Horizon Advisors Inc. Sells 432 Shares of DT Midstream, Inc. (NYSE:DTM)

First Horizon Advisors Inc. cut its holdings in shares of DT Midstream, Inc. (NYSE:DTM) by 45.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 515 shares of the company’s stock after selling 432 shares during the quarter. First Horizon Advisors Inc.’s holdings in DT Midstream were worth $28,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DTM. HHM Wealth Advisors LLC bought a new position in DT Midstream during the 4th quarter worth $25,000. Wetzel Investment Advisors Inc. bought a new stake in DT Midstream during the fourth quarter worth about $25,000. GAMMA Investing LLC acquired a new stake in DT Midstream during the fourth quarter worth about $52,000. Blue Trust Inc. grew its stake in DT Midstream by 28.3% during the fourth quarter. Blue Trust Inc. now owns 992 shares of the company’s stock worth $53,000 after buying an additional 219 shares in the last quarter. Finally, Whittier Trust Co. increased its holdings in DT Midstream by 175.0% in the 4th quarter. Whittier Trust Co. now owns 1,672 shares of the company’s stock valued at $92,000 after buying an additional 1,064 shares during the period. 81.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at DT Midstream

In related news, Director Robert C. Skaggs, Jr. acquired 1,000 shares of the stock in a transaction dated Monday, February 26th. The stock was bought at an average cost of $56.87 per share, for a total transaction of $56,870.00. Following the completion of the transaction, the director now directly owns 37,289 shares of the company’s stock, valued at $2,120,625.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Robert C. Skaggs, Jr. acquired 1,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was bought at an average cost of $56.87 per share, for a total transaction of $56,870.00. Following the completion of the transaction, the director now directly owns 37,289 shares in the company, valued at approximately $2,120,625.43. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jeffrey A. Jewell bought 400 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were purchased at an average cost of $62.80 per share, with a total value of $25,120.00. Following the purchase, the chief financial officer now directly owns 44,285 shares of the company’s stock, valued at $2,781,098. The disclosure for this purchase can be found here. Corporate insiders own 0.21% of the company’s stock.

DT Midstream Stock Up 0.1 %

Shares of NYSE DTM opened at $64.12 on Thursday. The company has a 50 day simple moving average of $60.97 and a 200 day simple moving average of $56.96. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.71 and a quick ratio of 0.71. DT Midstream, Inc. has a 1 year low of $45.20 and a 1 year high of $64.70. The firm has a market cap of $6.23 billion, a PE ratio of 15.64 and a beta of 0.72.

DT Midstream (NYSE:DTM) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.04. The firm had revenue of $240.00 million during the quarter, compared to analysts’ expectations of $242.62 million. DT Midstream had a net margin of 42.46% and a return on equity of 9.41%. During the same period in the prior year, the company posted $0.84 EPS. On average, research analysts forecast that DT Midstream, Inc. will post 3.93 EPS for the current year.

DT Midstream Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, June 17th will be given a dividend of $0.735 per share. This represents a $2.94 annualized dividend and a yield of 4.59%. The ex-dividend date of this dividend is Friday, June 14th. DT Midstream’s dividend payout ratio is currently 71.71%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on DTM shares. Barclays increased their price target on shares of DT Midstream from $59.00 to $66.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. Stifel Nicolaus boosted their price target on DT Midstream from $62.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Wolfe Research raised DT Midstream from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, February 20th. Mizuho boosted their target price on DT Midstream from $57.00 to $65.00 and gave the stock a “neutral” rating in a research note on Monday, April 29th. Finally, US Capital Advisors downgraded shares of DT Midstream from an “overweight” rating to a “hold” rating in a research note on Monday, April 29th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, DT Midstream currently has a consensus rating of “Hold” and an average price target of $61.50.

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.