DT Midstream, Inc. (NYSE:DTM) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its stake in DT Midstream, Inc. (NYSE:DTM) by 2.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,815 shares of the company’s stock after selling 648 shares during the period. Thrivent Financial for Lutherans’ holdings in DT Midstream were worth $1,795,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of DTM. Natixis Advisors LLC lifted its holdings in shares of DT Midstream by 10.6% in the 3rd quarter. Natixis Advisors LLC now owns 24,568 shares of the company’s stock valued at $1,933,000 after buying an additional 2,356 shares during the period. Metis Global Partners LLC lifted its holdings in DT Midstream by 33.5% in the third quarter. Metis Global Partners LLC now owns 5,395 shares of the company’s stock valued at $424,000 after acquiring an additional 1,354 shares during the period. Victory Capital Management Inc. boosted its position in shares of DT Midstream by 151.8% during the 3rd quarter. Victory Capital Management Inc. now owns 113,374 shares of the company’s stock worth $8,918,000 after purchasing an additional 68,350 shares in the last quarter. GSA Capital Partners LLP grew its stake in shares of DT Midstream by 31.9% during the 3rd quarter. GSA Capital Partners LLP now owns 27,209 shares of the company’s stock worth $2,140,000 after purchasing an additional 6,575 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new position in shares of DT Midstream in the 3rd quarter valued at about $56,000. 81.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on DTM shares. Barclays upped their target price on DT Midstream from $85.00 to $92.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Morgan Stanley increased their price objective on DT Midstream from $82.00 to $92.00 and gave the company an “underweight” rating in a research note on Friday, October 25th. Wells Fargo & Company boosted their target price on shares of DT Midstream from $87.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. lifted their price target on shares of DT Midstream from $78.00 to $83.00 and gave the stock a “neutral” rating in a report on Friday, October 4th. Finally, Citigroup raised shares of DT Midstream from a “neutral” rating to a “buy” rating and upped their price objective for the company from $90.00 to $115.00 in a research note on Thursday, November 21st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $84.78.

DT Midstream Trading Up 0.3 %

Shares of NYSE:DTM opened at $106.12 on Friday. The stock has a market capitalization of $10.31 billion, a price-to-earnings ratio of 25.82 and a beta of 0.71. DT Midstream, Inc. has a 1-year low of $51.17 and a 1-year high of $109.85. The company has a 50 day moving average price of $90.66 and a 200 day moving average price of $78.35. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 0.95.

DT Midstream (NYSE:DTM) last released its earnings results on Tuesday, October 29th. The company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.05). The company had revenue of $248.00 million during the quarter, compared to analysts’ expectations of $242.64 million. DT Midstream had a return on equity of 9.31% and a net margin of 41.19%. During the same quarter in the previous year, the company earned $0.94 EPS. On average, research analysts anticipate that DT Midstream, Inc. will post 3.85 EPS for the current fiscal year.

DT Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th will be paid a $0.735 dividend. This represents a $2.94 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend is Monday, December 16th. DT Midstream’s payout ratio is 71.53%.

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.