DT Midstream, Inc. (NYSE:DTM) Shares Purchased by Metis Global Partners LLC

Metis Global Partners LLC grew its holdings in shares of DT Midstream, Inc. (NYSE:DTM) by 3.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,597 shares of the company’s stock after purchasing an additional 202 shares during the period. Metis Global Partners LLC’s holdings in DT Midstream were worth $557,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of DTM. Louisiana State Employees Retirement System raised its position in DT Midstream by 0.4% in the fourth quarter. Louisiana State Employees Retirement System now owns 27,000 shares of the company’s stock worth $2,685,000 after acquiring an additional 100 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of DT Midstream by 17.8% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 696 shares of the company’s stock worth $69,000 after purchasing an additional 105 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of DT Midstream by 1.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 12,137 shares of the company’s stock valued at $1,235,000 after purchasing an additional 116 shares during the period. Wilmington Savings Fund Society FSB boosted its holdings in DT Midstream by 38.3% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 509 shares of the company’s stock worth $51,000 after buying an additional 141 shares in the last quarter. Finally, Caprock Group LLC grew its position in DT Midstream by 3.7% during the third quarter. Caprock Group LLC now owns 4,058 shares of the company’s stock worth $322,000 after buying an additional 143 shares during the period. 81.53% of the stock is owned by hedge funds and other institutional investors.

DT Midstream Stock Performance

NYSE DTM opened at $93.65 on Thursday. The business’s 50-day moving average price is $102.13 and its 200 day moving average price is $93.66. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61. DT Midstream, Inc. has a twelve month low of $57.16 and a twelve month high of $114.50. The company has a market capitalization of $9.49 billion, a PE ratio of 22.79 and a beta of 0.79.

DT Midstream Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 17th will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 3.50%. This is an increase from DT Midstream’s previous quarterly dividend of $0.74. The ex-dividend date is Monday, March 17th. DT Midstream’s payout ratio is presently 91.11%.

Analyst Ratings Changes

Several brokerages have recently commented on DTM. JPMorgan Chase & Co. boosted their price target on DT Midstream from $109.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, January 24th. Barclays assumed coverage on DT Midstream in a report on Friday, January 10th. They issued an “equal weight” rating and a $112.00 target price on the stock. The Goldman Sachs Group lifted their price target on DT Midstream from $74.00 to $94.00 and gave the stock a “sell” rating in a research note on Thursday, December 19th. Citigroup raised shares of DT Midstream from a “neutral” rating to a “buy” rating and increased their price objective for the company from $90.00 to $115.00 in a research note on Thursday, November 21st. Finally, Stifel Nicolaus cut their target price 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. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $102.00.

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.