Bridgewater Advisors Inc. Sells 972 Shares of DT Midstream, Inc. (NYSE:DTM)

Bridgewater Advisors Inc. lessened its position in DT Midstream, Inc. (NYSE:DTM) by 5.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,092 shares of the company’s stock after selling 972 shares during the period. Bridgewater Advisors Inc.’s holdings in DT Midstream were worth $1,851,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. UMB Bank n.a. boosted its holdings in DT Midstream by 324.3% in the third quarter. UMB Bank n.a. now owns 314 shares of the company’s stock worth $25,000 after purchasing an additional 240 shares during the last quarter. V Square Quantitative Management LLC bought a new position in shares of DT Midstream during the 3rd quarter valued at $29,000. Wilmington Savings Fund Society FSB purchased a new position in shares of DT Midstream in the 3rd quarter worth $29,000. AdvisorNet Financial Inc grew its holdings in shares of DT Midstream by 106.7% in the fourth quarter. AdvisorNet Financial Inc now owns 310 shares of the company’s stock worth $31,000 after acquiring an additional 160 shares during the period. Finally, Brooklyn Investment Group purchased a new stake in DT Midstream during the third quarter valued at $40,000. Institutional investors own 81.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DTM. Wells Fargo & Company raised their target price on DT Midstream from $87.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Citigroup upgraded shares of DT Midstream from a “neutral” rating to a “buy” rating and boosted their target price for the company from $90.00 to $115.00 in a research report on Thursday, November 21st. The Goldman Sachs Group lifted their price target on shares of DT Midstream from $74.00 to $94.00 and gave the stock a “sell” rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. upped their price objective on DT Midstream from $78.00 to $83.00 and gave the stock a “neutral” rating in a research note on Friday, October 4th. Finally, Barclays initiated coverage on DT Midstream in a research report on Friday, January 10th. They set an “equal weight” rating and a $112.00 target price on the stock. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $95.88.

DT Midstream Price Performance

DTM stock opened at $112.55 on Monday. The company has a market capitalization of $10.93 billion, a PE ratio of 27.38 and a beta of 0.79. The company’s fifty day moving average price is $102.80 and its 200-day moving average price is $87.25. DT Midstream, Inc. has a one year low of $51.17 and a one year high of $112.86. 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 (NYSE:DTM) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.05). DT Midstream had a net margin of 41.19% and a return on equity of 9.31%. The company had revenue of $248.00 million for the quarter, compared to the consensus estimate of $242.64 million. During the same period last year, the company earned $0.94 EPS. On average, equities analysts anticipate that DT Midstream, Inc. will post 3.84 EPS for the current fiscal year.

DT Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 16th were issued a $0.735 dividend. This represents a $2.94 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend was Monday, December 16th. DT Midstream’s dividend payout ratio (DPR) is presently 71.53%.

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.