DT Midstream, Inc. $DTM Shares Bought by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH lifted its position in shares of DT Midstream, Inc. (NYSE:DTM) by 17.0% in the 4th quarter, Holdings Channel reports. The fund owned 36,227 shares of the company’s stock after buying an additional 5,269 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in DT Midstream were worth $4,336,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of DTM. Pathstone Holdings LLC lifted its position in DT Midstream by 0.3% in the 3rd quarter. Pathstone Holdings LLC now owns 28,322 shares of the company’s stock valued at $3,215,000 after purchasing an additional 97 shares during the last quarter. Private Trust Co. NA grew its position in DT Midstream by 23.6% in the 3rd quarter. Private Trust Co. NA now owns 535 shares of the company’s stock worth $60,000 after purchasing an additional 102 shares during the last quarter. Cresset Asset Management LLC grew its position in DT Midstream by 1.7% in the 3rd quarter. Cresset Asset Management LLC now owns 6,408 shares of the company’s stock worth $730,000 after purchasing an additional 108 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC increased its stake in shares of DT Midstream by 6.3% in the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 1,997 shares of the company’s stock valued at $226,000 after purchasing an additional 119 shares during the period. Finally, Geneos Wealth Management Inc. raised its holdings in shares of DT Midstream by 39.3% during the first quarter. Geneos Wealth Management Inc. now owns 436 shares of the company’s stock valued at $42,000 after buying an additional 123 shares during the last quarter. Institutional investors and hedge funds own 81.53% of the company’s stock.

DT Midstream Trading Down 1.4%

DT Midstream stock opened at $135.21 on Friday. The firm has a 50 day simple moving average of $132.67 and a 200-day simple moving average of $120.79. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market capitalization of $13.75 billion, a PE ratio of 31.37, a price-to-earnings-growth ratio of 2.84 and a beta of 0.75. DT Midstream, Inc. has a 12-month low of $83.30 and a 12-month high of $143.67.

DT Midstream (NYSE:DTM) last announced its earnings results on Thursday, February 19th. The company reported $1.08 EPS for the quarter, missing the consensus estimate of $1.11 by ($0.03). The firm had revenue of $317.00 million for the quarter, compared to the consensus estimate of $320.07 million. DT Midstream had a return on equity of 9.13% and a net margin of 35.48%.During the same period in the previous year, the firm earned $0.94 EPS. As a group, equities research analysts expect that DT Midstream, Inc. will post 3.8 EPS for the current fiscal year.

DT Midstream Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Monday, March 16th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.6%. This is a boost from DT Midstream’s previous quarterly dividend of $0.82. DT Midstream’s dividend payout ratio (DPR) is presently 81.67%.

Insider Buying and Selling at DT Midstream

In other news, CFO Jeffrey A. Jewell acquired 185 shares of the business’s stock in a transaction dated Wednesday, February 25th. The stock was acquired at an average price of $136.33 per share, for a total transaction of $25,221.05. Following the completion of the acquisition, the chief financial officer directly owned 89,583 shares in the company, valued at $12,212,850.39. This represents a 0.21% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 0.34% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on DT Midstream from $126.00 to $142.00 and gave the stock a “neutral” rating in a research report on Thursday, March 5th. Wells Fargo & Company raised their target price on DT Midstream from $150.00 to $165.00 and gave the company an “overweight” rating in a research report on Friday, March 13th. Wall Street Zen downgraded DT Midstream from a “hold” rating to a “sell” rating in a research note on Saturday. Mizuho increased their price target on DT Midstream from $108.00 to $129.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 17th. Finally, UBS Group raised their price target on DT Midstream from $128.00 to $152.00 and gave the company a “buy” rating in a report on Friday, February 20th. Six investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $144.10.

DT Midstream Company Profile

DT Midstream Inc (NYSE: DTM) is a midstream energy company that owns and operates infrastructure for gathering, processing and treating hydrocarbons and produced water. Its core business activities encompass natural gas gathering, cryogenic processing, natural gas liquids (NGL) fractionation, and produced-water handling services. These integrated operations enable the company to capture and transport multiple hydrocarbon streams from wellhead to market and to provide essential water management solutions.

The company’s asset footprint is concentrated in the Delaware Basin in West Texas and southeastern New Mexico, where it serves a diverse range of exploration and production customers.