DT Midstream, Inc. (NYSE:DTM) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC cut its stake in shares of DT Midstream, Inc. (NYSE:DTM) by 5.8% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 2,402 shares of the company’s stock after selling 147 shares during the period. International Assets Investment Management LLC’s holdings in DT Midstream were worth $232,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Blackstone Inc. increased its holdings in DT Midstream by 2,783.1% during the 4th quarter. Blackstone Inc. now owns 1,631,285 shares of the company’s stock worth $162,199,000 after purchasing an additional 1,574,705 shares during the last quarter. Norges Bank purchased a new stake in DT Midstream during the 4th quarter worth approximately $119,520,000. Zimmer Partners LP purchased a new stake in DT Midstream during the 4th quarter worth approximately $74,572,000. Westwood Holdings Group Inc. increased its holdings in DT Midstream by 108.8% during the 4th quarter. Westwood Holdings Group Inc. now owns 1,084,018 shares of the company’s stock worth $107,784,000 after purchasing an additional 564,899 shares during the last quarter. Finally, Bank of Montreal Can increased its holdings in DT Midstream by 733.3% during the 4th quarter. Bank of Montreal Can now owns 458,789 shares of the company’s stock worth $45,617,000 after purchasing an additional 403,730 shares during the last quarter. 81.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Bank of America assumed coverage on DT Midstream in a report on Monday, March 24th. They set a “buy” rating and a $110.00 price objective on the stock. Barclays lifted their price objective on DT Midstream from $102.00 to $103.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 20th. Wells Fargo & Company dropped their price objective on DT Midstream from $118.00 to $108.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. US Capital Advisors downgraded DT Midstream from a “moderate buy” rating to a “hold” rating in a report on Monday, April 28th. Finally, Morgan Stanley set a $115.00 price target on DT Midstream and gave the company an “underweight” rating in a report on Tuesday, June 3rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, DT Midstream presently has an average rating of “Hold” and an average price target of $109.27.

DT Midstream Price Performance

Shares of NYSE DTM opened at $108.98 on Friday. DT Midstream, Inc. has a twelve month low of $68.88 and a twelve month high of $114.50. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $11.07 billion, a price-to-earnings ratio of 29.69, a price-to-earnings-growth ratio of 1.75 and a beta of 0.78. The business has a 50 day simple moving average of $103.30 and a 200-day simple moving average of $100.56.

DT Midstream (NYSE:DTM) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.01). The company had revenue of $288.81 million for the quarter, compared to the consensus estimate of $285.48 million. DT Midstream had a return on equity of 8.46% and a net margin of 34.96%. During the same quarter in the previous year, the company earned $0.99 earnings per share. As a group, equities research analysts expect that DT Midstream, Inc. will post 3.8 earnings per share for the current year.

DT Midstream Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 16th will be paid a dividend of $0.82 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $3.28 dividend on an annualized basis and a yield of 3.01%. DT Midstream’s payout ratio is currently 89.37%.

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.