Landscape Capital Management L.L.C. Takes Position in DT Midstream, Inc. (NYSE:DTM)

Landscape Capital Management L.L.C. purchased a new position in DT Midstream, Inc. (NYSE:DTM) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,486 shares of the company’s stock, valued at approximately $744,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in DT Midstream by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 10,553,782 shares of the company’s stock valued at $1,049,363,000 after purchasing an additional 359,017 shares during the period. State Street Corp raised its position in shares of DT Midstream by 6.4% in the 3rd quarter. State Street Corp now owns 3,385,579 shares of the company’s stock worth $268,757,000 after buying an additional 202,447 shares during the period. Geode Capital Management LLC boosted its holdings in DT Midstream by 18.7% in the fourth quarter. Geode Capital Management LLC now owns 2,452,948 shares of the company’s stock valued at $243,948,000 after acquiring an additional 386,670 shares during the last quarter. Norges Bank purchased a new stake in DT Midstream during the fourth quarter valued at about $119,520,000. Finally, Reaves W H & Co. Inc. grew its position in DT Midstream by 8.2% during the fourth quarter. Reaves W H & Co. Inc. now owns 981,879 shares of the company’s stock valued at $97,628,000 after acquiring an additional 74,329 shares during the period. Hedge funds and other institutional investors own 81.53% of the company’s stock.

Insider Transactions at DT Midstream

In other DT Midstream news, Director Robert C. Skaggs, Jr. purchased 1,000 shares of the stock in a transaction dated Monday, March 10th. The shares were bought at an average cost of $86.92 per share, with a total value of $86,920.00. Following the completion of the acquisition, the director now owns 38,653 shares of the company’s stock, valued at approximately $3,359,718.76. This trade represents a 2.66 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders bought 1,170 shares of company stock worth $103,357. Insiders own 0.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on DTM shares. The Goldman Sachs Group lifted their price objective on DT Midstream from $74.00 to $94.00 and gave the company a “sell” rating in a research note on Thursday, December 19th. Morgan Stanley lifted their target price on shares of DT Midstream from $92.00 to $105.00 and gave the company an “underweight” rating in a report on Tuesday, March 25th. Stifel Nicolaus decreased their price target on shares of DT Midstream from $106.00 to $102.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Williams Trading set a $110.00 price objective on DT Midstream in a research report on Monday, March 24th. Finally, JPMorgan Chase & Co. upped their target price on DT Midstream from $109.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, DT Midstream presently has a consensus rating of “Hold” and a consensus price target of $105.08.

DT Midstream Stock Performance

DT Midstream stock opened at $87.03 on Monday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.95 and a quick ratio of 0.95. DT Midstream, Inc. has a 12 month low of $61.01 and a 12 month high of $114.50. The company has a fifty day moving average price of $97.33 and a two-hundred day moving average price of $96.69. The company has a market cap of $8.84 billion, a PE ratio of 21.18 and a beta of 0.77.

DT Midstream Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 17th will be given a dividend of $0.82 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $3.28 dividend on an annualized basis and a yield of 3.77%. This is a positive change from DT Midstream’s previous quarterly dividend of $0.74. DT Midstream’s payout ratio is currently 91.11%.

About DT Midstream

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.