Shilanski & Associates Inc. Lowers Stock Holdings in DT Midstream, Inc. (NYSE:DTM)

Shilanski & Associates Inc. lessened its stake in shares of DT Midstream, Inc. (NYSE:DTM) by 1.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 25,583 shares of the company’s stock after selling 426 shares during the quarter. Shilanski & Associates Inc.’s holdings in DT Midstream were worth $2,556,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of DTM. MassMutual Private Wealth & Trust FSB boosted its stake in shares of DT Midstream by 17.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 696 shares of the company’s stock valued at $69,000 after acquiring an additional 105 shares during the last quarter. Caprock Group LLC boosted its stake in shares of DT Midstream by 3.7% during the 3rd quarter. Caprock Group LLC now owns 4,058 shares of the company’s stock worth $322,000 after purchasing an additional 143 shares during the last quarter. AdvisorNet Financial Inc grew its holdings in shares of 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 buying an additional 160 shares in the last quarter. UMB Bank n.a. raised its position in shares of DT Midstream by 53.2% in the fourth quarter. UMB Bank n.a. now owns 481 shares of the company’s stock valued at $48,000 after buying an additional 167 shares during the last quarter. Finally, TFG Advisers LLC lifted its stake in shares of DT Midstream by 3.1% during the third quarter. TFG Advisers LLC now owns 5,774 shares of the company’s stock valued at $454,000 after buying an additional 172 shares during the period. 81.53% of the stock is owned by institutional investors and hedge funds.

DT Midstream Stock Performance

DTM stock opened at $111.57 on Friday. The company has a 50-day simple moving average of $103.83 and a 200 day simple moving average of $88.19. The company has a market capitalization of $10.84 billion, a P/E ratio of 27.15 and a beta of 0.79. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.61. DT Midstream, Inc. has a fifty-two week low of $51.17 and a fifty-two week high of $114.50.

DT Midstream (NYSE:DTM) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.05). The company had revenue of $248.00 million for the quarter, compared to analyst estimates of $242.64 million. DT Midstream had a net margin of 41.19% and a return on equity of 9.31%. During the same quarter in the prior year, the business earned $0.94 EPS. Sell-side analysts predict that DT Midstream, Inc. will post 3.84 earnings per share for the current fiscal year.

DT Midstream Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 16th were paid a dividend of $0.735 per share. The ex-dividend date was Monday, December 16th. This represents a $2.94 annualized dividend and a yield of 2.64%. DT Midstream’s dividend payout ratio is currently 71.53%.

Analyst Ratings Changes

A number of brokerages have weighed in on DTM. Citigroup raised DT Midstream from a “neutral” rating to a “buy” rating and increased their price target for the stock from $90.00 to $115.00 in a research note on Thursday, November 21st. JPMorgan Chase & Co. lifted their price target on DT Midstream from $78.00 to $83.00 and gave the company a “neutral” rating in a report on Friday, October 4th. Morgan Stanley increased their price objective on shares of DT Midstream from $82.00 to $92.00 and gave the stock an “underweight” rating in a report on Friday, October 25th. Stifel Nicolaus upgraded shares of DT Midstream from a “hold” rating to a “buy” rating and boosted their target price for the company from $89.00 to $106.00 in a report on Thursday, December 19th. Finally, Barclays began coverage on shares of DT Midstream in a report on Friday, January 10th. They issued an “equal weight” rating and a $112.00 price target on the stock. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $95.88.

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.