Mutual of America Capital Management LLC Sells 2,176 Shares of DT Midstream, Inc. (NYSE:DTM)

Mutual of America Capital Management LLC decreased its position in DT Midstream, Inc. (NYSE:DTM) by 3.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 55,601 shares of the company’s stock after selling 2,176 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.06% of DT Midstream worth $3,949,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings in DT Midstream by 16.0% in the second quarter. Blue Trust Inc. now owns 1,032 shares of the company’s stock worth $73,000 after purchasing an additional 142 shares in the last quarter. Raymond James & Associates raised its holdings in DT Midstream by 1.1% in the second quarter. Raymond James & Associates now owns 18,148 shares of the company’s stock worth $1,289,000 after purchasing an additional 201 shares in the last quarter. GAMMA Investing LLC raised its holdings in DT Midstream by 21.3% in the first quarter. GAMMA Investing LLC now owns 1,185 shares of the company’s stock worth $72,000 after purchasing an additional 208 shares in the last quarter. Azimuth Capital Investment Management LLC raised its holdings in DT Midstream by 3.4% in the fourth quarter. Azimuth Capital Investment Management LLC now owns 6,289 shares of the company’s stock worth $345,000 after purchasing an additional 209 shares in the last quarter. Finally, Commerce Bank raised its holdings in DT Midstream by 1.2% in the fourth quarter. Commerce Bank now owns 18,815 shares of the company’s stock worth $1,031,000 after purchasing an additional 220 shares in the last quarter. Institutional investors own 81.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on DTM shares. Wells Fargo & Company raised their price target on DT Midstream from $77.00 to $87.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Citigroup raised their price target on DT Midstream from $62.00 to $76.00 and gave the company a “neutral” rating in a report on Wednesday, September 4th. Barclays raised their price target on DT Midstream from $66.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. Stifel Nicolaus raised their price target on DT Midstream from $70.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. raised their price target on DT Midstream from $75.00 to $78.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $70.75.

DT Midstream Price Performance

NYSE DTM opened at $77.82 on Monday. DT Midstream, Inc. has a one year low of $50.88 and a one year high of $78.83. The stock has a 50-day moving average of $75.00 and a 200 day moving average of $68.40. The company has a market capitalization of $7.56 billion, a price-to-earnings ratio of 18.98 and a beta of 0.74. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.84 and a current ratio of 0.84.

DT Midstream (NYSE:DTM) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.92 by $0.06. The company had revenue of $244.00 million during the quarter, compared to the consensus estimate of $236.83 million. DT Midstream had a return on equity of 9.45% and a net margin of 42.10%. During the same period last year, the company earned $0.93 EPS. On average, sell-side analysts forecast that DT Midstream, Inc. will post 3.96 EPS for the current year.

DT Midstream Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 16th will be paid a dividend of $0.735 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $2.94 dividend on an annualized basis and a dividend yield of 3.78%. DT Midstream’s dividend payout ratio is currently 71.71%.

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.