DT Midstream, Inc. (NYSE:DTM) Shares Purchased by UMB Bank n.a.

UMB Bank n.a. grew its stake in DT Midstream, Inc. (NYSE:DTM) by 53.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 481 shares of the company’s stock after acquiring an additional 167 shares during the quarter. UMB Bank n.a.’s holdings in DT Midstream were worth $48,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in DTM. AdvisorNet Financial Inc boosted its stake in DT Midstream by 106.7% in the 4th quarter. AdvisorNet Financial Inc now owns 310 shares of the company’s stock worth $31,000 after buying an additional 160 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of DT Midstream during the 3rd quarter worth $29,000. Wilmington Savings Fund Society FSB acquired a new position in DT Midstream in the third quarter valued at $29,000. Brooklyn Investment Group purchased a new stake in DT Midstream during the third quarter valued at about $40,000. Finally, Ashton Thomas Securities LLC acquired a new stake in DT Midstream during the third quarter worth about $56,000. Institutional investors and hedge funds own 81.53% of the company’s stock.

DT Midstream Stock Up 0.1 %

Shares of DT Midstream stock opened at $111.46 on Friday. The business has a 50-day moving average price of $104.05 and a 200 day moving average price of $88.61. DT Midstream, Inc. has a fifty-two week low of $51.17 and a fifty-two week high of $114.50. The firm has a market cap of $10.83 billion, a P/E ratio of 27.12 and a beta of 0.79. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.61.

DT Midstream (NYSE:DTM) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.05). DT Midstream had a return on equity of 9.31% and a net margin of 41.19%. The firm had revenue of $248.00 million for the quarter, compared to the consensus estimate of $242.64 million. During the same quarter last year, the business earned $0.94 earnings per share. On average, sell-side analysts forecast that DT Midstream, Inc. will post 3.84 earnings per share for the current fiscal year.

DT Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th were issued a $0.735 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.94 dividend on an annualized basis and a yield of 2.64%. DT Midstream’s dividend payout ratio is currently 71.53%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DTM. Citigroup raised shares of DT Midstream from a “neutral” rating to a “buy” rating and increased their target price for the stock from $90.00 to $115.00 in a research report on Thursday, November 21st. Barclays began coverage on shares of DT Midstream in a report on Friday, January 10th. They set an “equal weight” rating and a $112.00 target price on the stock. Wells Fargo & Company raised their price objective on DT Midstream from $87.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. increased their target price on DT Midstream from $109.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Morgan Stanley increased their price objective on shares of DT Midstream from $82.00 to $92.00 and gave the company an “underweight” rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $99.88.

DT Midstream 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.