Quadrature Capital Ltd Sells 1,087 Shares of DT Midstream, Inc. (NYSE:DTM)

Quadrature Capital Ltd decreased its position in shares of DT Midstream, Inc. (NYSE:DTM) by 14.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,627 shares of the company’s stock after selling 1,087 shares during the period. Quadrature Capital Ltd’s holdings in DT Midstream were worth $363,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of DTM. UBS Group AG increased its position in DT Midstream by 4.2% during the third quarter. UBS Group AG now owns 87,259 shares of the company’s stock valued at $4,618,000 after acquiring an additional 3,543 shares during the last quarter. Envestnet Asset Management Inc. increased its position in DT Midstream by 186.3% during the third quarter. Envestnet Asset Management Inc. now owns 157,152 shares of the company’s stock valued at $8,316,000 after acquiring an additional 102,255 shares during the last quarter. Invesco Ltd. increased its position in DT Midstream by 6.0% during the third quarter. Invesco Ltd. now owns 921,917 shares of the company’s stock valued at $48,788,000 after acquiring an additional 52,188 shares during the last quarter. Mariner LLC grew its holdings in shares of DT Midstream by 10.6% in the third quarter. Mariner LLC now owns 20,790 shares of the company’s stock worth $1,100,000 after purchasing an additional 1,985 shares during the last quarter. Finally, Natixis Advisors L.P. grew its holdings in shares of DT Midstream by 5.9% in the third quarter. Natixis Advisors L.P. now owns 13,295 shares of the company’s stock worth $704,000 after purchasing an additional 743 shares during the last quarter. Institutional investors own 81.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DTM. US Capital Advisors cut shares of DT Midstream from an “overweight” rating to a “hold” rating in a report on Monday, April 29th. Wells Fargo & Company upgraded shares of DT Midstream from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $62.00 to $77.00 in a report on Tuesday, June 4th. Stifel Nicolaus upped their price target on shares of DT Midstream from $62.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Mizuho upped their price target on shares of DT Midstream from $57.00 to $65.00 and gave the stock a “neutral” rating in a report on Monday, April 29th. Finally, Barclays upped their price target on shares of DT Midstream from $59.00 to $66.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $63.71.

DT Midstream Stock Up 1.8 %

Shares of DT Midstream stock opened at $70.77 on Tuesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.71 and a quick ratio of 0.71. DT Midstream, Inc. has a 1 year low of $46.60 and a 1 year high of $71.31. The firm’s 50-day moving average is $65.94 and its two-hundred day moving average is $59.71. The stock has a market cap of $6.87 billion, a price-to-earnings ratio of 17.26 and a beta of 0.73.

DT Midstream (NYSE:DTM) last released its quarterly earnings results on Tuesday, April 30th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.95 by $0.04. The business had revenue of $240.00 million during the quarter, compared to analyst estimates of $242.62 million. DT Midstream had a net margin of 42.46% and a return on equity of 9.41%. During the same period in the prior year, the firm posted $0.84 earnings per share. As a group, research analysts expect that DT Midstream, Inc. will post 3.94 earnings per share for the current fiscal year.

DT Midstream Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, June 17th will be given a dividend of $0.735 per share. This represents a $2.94 annualized dividend and a dividend yield of 4.15%. The ex-dividend date is Monday, June 17th. DT Midstream’s payout ratio is 71.71%.

Insider Buying and Selling at DT Midstream

In other news, CFO Jeffrey A. Jewell purchased 400 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was acquired at an average cost of $62.80 per share, with a total value of $25,120.00. Following the completion of the transaction, the chief financial officer now owns 44,285 shares in the company, valued at approximately $2,781,098. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.04% of the company’s stock.

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.