Mutual of America Capital Management LLC Reduces Stock Holdings in DT Midstream, Inc. (NYSE:DTM)

Mutual of America Capital Management LLC trimmed its position in DT Midstream, Inc. (NYSE:DTM) by 4.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 59,881 shares of the company’s stock after selling 3,114 shares during the period. Mutual of America Capital Management LLC owned about 0.06% of DT Midstream worth $3,281,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mariner LLC boosted its position in DT Midstream by 10.6% in the third quarter. Mariner LLC now owns 20,790 shares of the company’s stock worth $1,100,000 after purchasing an additional 1,985 shares during the last quarter. JPMorgan Chase & Co. boosted its position in DT Midstream by 2.1% in the third quarter. JPMorgan Chase & Co. now owns 1,931,337 shares of the company’s stock worth $102,960,000 after purchasing an additional 39,059 shares during the last quarter. Comerica Bank lifted its position in shares of DT Midstream by 11,073.2% during the 3rd quarter. Comerica Bank now owns 86,257 shares of the company’s stock valued at $4,565,000 after buying an additional 85,485 shares in the last quarter. Whittier Trust Co. lifted its position in shares of DT Midstream by 175.0% during 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 in the last quarter. Finally, Barclays PLC lifted its position in shares of DT Midstream by 100.2% during the 3rd quarter. Barclays PLC now owns 117,302 shares of the company’s stock valued at $6,207,000 after buying an additional 58,722 shares in the last quarter. 81.53% of the stock is owned by hedge funds and other institutional investors.

DT Midstream Stock Up 0.8 %

NYSE DTM opened at $62.51 on Thursday. The stock’s 50 day moving average is $58.49 and its 200 day moving average is $56.05. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.72. DT Midstream, Inc. has a 12 month low of $45.10 and a 12 month high of $64.19. The stock has a market cap of $6.07 billion, a PE ratio of 15.83 and a beta of 0.73.

DT Midstream (NYSE:DTM) last posted its quarterly earnings results on Friday, February 16th. The company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.32. DT Midstream had a return on equity of 9.11% and a net margin of 41.65%. The company had revenue of $244.00 million for the quarter, compared to analysts’ expectations of $235.19 million. During the same period in the previous year, the firm earned $0.93 EPS. Research analysts predict that DT Midstream, Inc. will post 3.85 EPS for the current fiscal year.

DT Midstream Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, March 18th were issued a $0.735 dividend. The ex-dividend date was Friday, March 15th. This is a boost from DT Midstream’s previous quarterly dividend of $0.69. This represents a $2.94 dividend on an annualized basis and a yield of 4.70%. DT Midstream’s payout ratio is currently 74.43%.

Insiders Place Their Bets

In other news, Director Robert C. Skaggs, Jr. acquired 1,000 shares of DT Midstream stock in a transaction on Monday, February 26th. The shares were acquired at an average price of $56.87 per share, with a total value of $56,870.00. Following the purchase, the director now directly owns 37,289 shares in the company, valued at approximately $2,120,625.43. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on DTM. Wolfe Research raised DT Midstream from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, February 20th. Mizuho reaffirmed a “neutral” rating and set a $57.00 price objective (down from $58.00) on shares of DT Midstream in a research report on Friday, January 5th. Finally, Barclays lifted their price objective on DT Midstream from $59.00 to $66.00 and gave the company an “overweight” rating in a research report on Friday, April 5th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, DT Midstream presently has a consensus rating of “Hold” and an average target price of $58.57.

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.