DT Midstream, Inc. (NYSE:DTM) Shares Acquired by Cwm LLC

Cwm LLC increased its position in DT Midstream, Inc. (NYSE:DTM) by 14.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,345 shares of the company’s stock after acquiring an additional 419 shares during the period. Cwm LLC’s holdings in DT Midstream were worth $263,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of DTM. Blue Trust Inc. grew its holdings in DT Midstream by 16.0% during the 2nd quarter. Blue Trust Inc. now owns 1,032 shares of the company’s stock valued at $73,000 after buying an additional 142 shares during the last quarter. Raymond James & Associates grew its holdings in DT Midstream by 1.1% during the 2nd quarter. Raymond James & Associates now owns 18,148 shares of the company’s stock valued at $1,289,000 after buying an additional 201 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in DT Midstream by 39.8% during the 2nd quarter. First Horizon Advisors Inc. now owns 787 shares of the company’s stock valued at $56,000 after buying an additional 224 shares during the last quarter. Signaturefd LLC grew its holdings in DT Midstream by 11.7% during the 2nd quarter. Signaturefd LLC now owns 2,212 shares of the company’s stock valued at $157,000 after buying an additional 232 shares during the last quarter. Finally, American National Bank grew its holdings in DT Midstream by 100.0% during the 2nd quarter. American National Bank now owns 468 shares of the company’s stock valued at $33,000 after buying an additional 234 shares during the last quarter. Institutional investors and hedge funds own 81.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on DTM shares. Wells Fargo & Company increased their target price on DT Midstream from $77.00 to $87.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. increased their price target on DT Midstream from $78.00 to $83.00 and gave the stock a “neutral” rating in a research note on Friday, October 4th. Stifel Nicolaus increased their price target on DT Midstream from $70.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Citigroup increased their price target on DT Midstream from $62.00 to $76.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 4th. Finally, Barclays increased their price target on DT Midstream from $76.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, October 3rd. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $75.29.

DT Midstream Trading Up 0.1 %

Shares of DTM opened at $87.02 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $8.45 billion, a P/E ratio of 21.22 and a beta of 0.74. The stock’s fifty day simple moving average is $78.96 and its 200 day simple moving average is $71.90. DT Midstream, Inc. has a twelve month low of $51.17 and a twelve month high of $87.45.

DT Midstream (NYSE:DTM) last issued its earnings results on Tuesday, July 30th. The company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.06. The business had revenue of $244.00 million for the quarter, compared to analyst estimates 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 posted $0.93 EPS. On average, equities research analysts forecast that DT Midstream, Inc. will post 3.99 earnings per share for the current year.

DT Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 16th were issued a $0.735 dividend. The ex-dividend date was Monday, September 16th. This represents a $2.94 annualized dividend and a yield of 3.38%. DT Midstream’s dividend payout ratio is currently 71.71%.

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.