DT Midstream, Inc. (NYSE:DTM) Stock Holdings Lifted by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its holdings in DT Midstream, Inc. (NYSE:DTM) by 59.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 16,848 shares of the company’s stock after buying an additional 6,271 shares during the quarter. Janney Montgomery Scott LLC’s holdings in DT Midstream were worth $1,626,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Bessemer Group Inc. lifted its position in DT Midstream by 61.6% in the 4th quarter. Bessemer Group Inc. now owns 307 shares of the company’s stock valued at $30,000 after purchasing an additional 117 shares during the last quarter. Versant Capital Management Inc lifted its position in DT Midstream by 130.2% in the 1st quarter. Versant Capital Management Inc now owns 488 shares of the company’s stock valued at $47,000 after purchasing an additional 276 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in DT Midstream in the 4th quarter valued at about $50,000. Larson Financial Group LLC lifted its position in DT Midstream by 21.1% in the 4th quarter. Larson Financial Group LLC now owns 683 shares of the company’s stock valued at $68,000 after purchasing an additional 119 shares during the last quarter. Finally, UMB Bank n.a. lifted its position in DT Midstream by 50.3% in the 1st quarter. UMB Bank n.a. now owns 723 shares of the company’s stock valued at $70,000 after purchasing an additional 242 shares during the last quarter. 81.53% of the stock is currently owned by institutional investors.

DT Midstream Stock Down 0.8%

DTM stock opened at $108.98 on Friday. DT Midstream, Inc. has a 52-week low of $68.88 and a 52-week high of $114.50. The company’s 50 day simple moving average is $103.30 and its 200-day simple moving average is $100.56. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market capitalization of $11.07 billion, a P/E ratio of 29.69, a P/E/G ratio of 1.75 and a beta of 0.78.

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

DT Midstream Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on DTM shares. Wells Fargo & Company cut their price objective on shares of DT Midstream from $118.00 to $108.00 and set an “overweight” rating on the stock in a research report on Friday, February 28th. UBS Group upped their price target on shares of DT Midstream from $102.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, March 27th. Williams Trading set a $110.00 target price on shares of DT Midstream in a report on Monday, March 24th. Morgan Stanley set a $115.00 target price on shares of DT Midstream and gave the stock an “underweight” rating in a report on Tuesday, June 3rd. Finally, Barclays boosted their target price on shares of DT Midstream from $102.00 to $103.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 20th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $109.27.

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.