Vanguard Group Inc. Has $561.62 Million Stock Position in DT Midstream, Inc. (NYSE:DTM)

Vanguard Group Inc. increased its holdings in DT Midstream, Inc. (NYSE:DTM) by 0.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,248,563 shares of the company’s stock after acquiring an additional 322 shares during the period. Vanguard Group Inc. owned about 10.57% of DT Midstream worth $561,621,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Azimuth Capital Investment Management LLC lifted its holdings in shares of DT Midstream by 3.4% in the fourth quarter. Azimuth Capital Investment Management LLC now owns 6,289 shares of the company’s stock valued at $345,000 after purchasing an additional 209 shares in the last quarter. Blue Trust Inc. lifted its stake in DT Midstream by 28.3% during the 4th quarter. Blue Trust Inc. now owns 992 shares of the company’s stock valued at $53,000 after acquiring an additional 219 shares in the last quarter. Treasurer of the State of North Carolina boosted its holdings in DT Midstream by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 42,616 shares of the company’s stock worth $2,255,000 after acquiring an additional 220 shares during the last quarter. Commerce Bank grew its stake in shares of DT Midstream by 1.2% in the 4th quarter. Commerce Bank now owns 18,815 shares of the company’s stock worth $1,031,000 after acquiring an additional 220 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC raised its holdings in shares of DT Midstream by 1.7% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 14,961 shares of the company’s stock valued at $820,000 after purchasing an additional 245 shares during the last quarter. Institutional investors own 81.53% of the company’s stock.

DT Midstream Price Performance

NYSE DTM opened at $70.77 on Tuesday. The company has a market cap of $6.87 billion, a PE ratio of 17.26 and a beta of 0.73. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.71. The firm’s 50-day simple moving average is $65.94 and its two-hundred day simple moving average is $59.71. DT Midstream, Inc. has a 52 week low of $46.60 and a 52 week high of $71.31.

DT Midstream (NYSE:DTM) last released its quarterly earnings data on Tuesday, April 30th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.95 by $0.04. DT Midstream had a net margin of 42.46% and a return on equity of 9.41%. The company had revenue of $240.00 million during the quarter, compared to the consensus estimate of $242.62 million. During the same period last year, the firm earned $0.84 EPS. Research analysts predict that DT Midstream, Inc. will post 3.94 earnings per share for the current year.

DT Midstream Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, June 17th will be issued a dividend of $0.735 per share. The ex-dividend date of this dividend is Monday, June 17th. This represents a $2.94 dividend on an annualized basis and a yield of 4.15%. DT Midstream’s dividend payout ratio (DPR) is 71.71%.

Insiders Place Their Bets

In other news, CFO Jeffrey A. Jewell purchased 400 shares of the stock in a transaction dated Friday, May 3rd. The shares were purchased at an average cost of $62.80 per share, with a total value of $25,120.00. Following the completion of the acquisition, the chief financial officer now owns 44,285 shares in the company, valued at approximately $2,781,098. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.04% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on DTM shares. US Capital Advisors downgraded shares of DT Midstream from an “overweight” rating to a “hold” rating in a research report on Monday, April 29th. Mizuho increased their price target on DT Midstream from $57.00 to $65.00 and gave the company a “neutral” rating in a research report on Monday, April 29th. Wells Fargo & Company raised DT Midstream from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $62.00 to $77.00 in a research report on Tuesday, June 4th. Stifel Nicolaus raised their target price on DT Midstream from $62.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Finally, Barclays boosted 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 issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, DT Midstream presently has a consensus rating of “Hold” and a consensus price target of $63.71.

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.