Sanctuary Advisors LLC Has $369,000 Position in DT Midstream, Inc. (NYSE:DTM)

Sanctuary Advisors LLC raised its position in DT Midstream, Inc. (NYSE:DTM) by 14.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,695 shares of the company’s stock after acquiring an additional 597 shares during the quarter. Sanctuary Advisors LLC’s holdings in DT Midstream were worth $369,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Coldstream Capital Management Inc. acquired a new stake in DT Midstream in the third quarter valued at $239,000. Geode Capital Management LLC lifted its stake in DT Midstream by 4.3% in the third quarter. Geode Capital Management LLC now owns 2,066,278 shares of the company’s stock valued at $162,567,000 after acquiring an additional 85,462 shares during the last quarter. Executive Wealth Management LLC lifted its stake in DT Midstream by 14.7% in the third quarter. Executive Wealth Management LLC now owns 10,563 shares of the company’s stock valued at $831,000 after acquiring an additional 1,356 shares during the last quarter. Duff & Phelps Investment Management Co. lifted its stake in DT Midstream by 48.8% in the third quarter. Duff & Phelps Investment Management Co. now owns 271,067 shares of the company’s stock valued at $21,322,000 after acquiring an additional 88,946 shares during the last quarter. Finally, Barclays PLC lifted its stake in DT Midstream by 3.7% in the third quarter. Barclays PLC now owns 283,363 shares of the company’s stock valued at $22,289,000 after acquiring an additional 10,074 shares during the last quarter. Institutional investors and hedge funds own 81.53% of the company’s stock.

DT Midstream Trading Down 0.6 %

DTM opened at $99.99 on Friday. DT Midstream, Inc. has a fifty-two week low of $51.17 and a fifty-two week high of $109.85. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market capitalization of $9.71 billion, a price-to-earnings ratio of 24.33 and a beta of 0.77. The company’s 50 day moving average price is $98.46 and its two-hundred day moving average price is $83.33.

DT Midstream (NYSE:DTM) last issued its quarterly 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 firm had revenue of $248.00 million during the quarter, compared to analyst estimates 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 last year, the firm posted $0.94 EPS. As a group, research analysts predict that DT Midstream, Inc. will post 3.84 earnings per share for the current year.

DT Midstream Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DTM. Wells Fargo & Company raised their target price on shares of DT Midstream from $87.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Barclays raised their target price on shares of DT Midstream from $85.00 to $92.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Citigroup upgraded shares of DT Midstream from a “neutral” rating to a “buy” rating and raised their target price for the stock from $90.00 to $115.00 in a research note on Thursday, November 21st. Stifel Nicolaus upgraded shares of DT Midstream from a “hold” rating to a “buy” rating and raised their target price for the stock from $89.00 to $106.00 in a research note on Thursday, December 19th. Finally, The Goldman Sachs Group raised their target price on shares of DT Midstream from $74.00 to $94.00 and gave the stock a “sell” rating in a research note on Thursday, December 19th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, DT Midstream has an average rating of “Hold” and an average target price of $88.89.

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.