DT Midstream, Inc. (NYSE:DTM) Shares Sold by US Bancorp DE

US Bancorp DE trimmed its position in shares of DT Midstream, Inc. (NYSE:DTM) by 10.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,502 shares of the company’s stock after selling 532 shares during the period. US Bancorp DE’s holdings in DT Midstream were worth $448,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of DT Midstream in the 3rd quarter valued at $29,000. AdvisorNet Financial Inc raised its holdings 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 acquiring an additional 160 shares during the period. Sound Income Strategies LLC raised its holdings in DT Midstream by 93.7% in the 4th quarter. Sound Income Strategies LLC now owns 337 shares of the company’s stock worth $34,000 after acquiring an additional 163 shares during the period. Brooklyn Investment Group bought a new position in DT Midstream in the 3rd quarter worth $40,000. Finally, UMB Bank n.a. raised its holdings in DT Midstream by 53.2% in the 4th quarter. UMB Bank n.a. now owns 481 shares of the company’s stock worth $48,000 after acquiring an additional 167 shares during the period. 81.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at DT Midstream

In other DT Midstream news, Director Robert C. Skaggs, Jr. acquired 1,000 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were acquired at an average cost of $86.92 per share, for a total transaction of $86,920.00. Following the completion of the acquisition, the director now directly owns 38,653 shares of the company’s stock, valued at approximately $3,359,718.76. This represents a 2.66 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders have purchased 1,170 shares of company stock worth $103,357. Corporate insiders own 0.04% of the company’s stock.

DT Midstream Price Performance

Shares of DTM stock opened at $93.59 on Thursday. DT Midstream, Inc. has a 1 year low of $57.16 and a 1 year high of $114.50. The firm’s 50 day moving average is $101.10 and its 200-day moving average is $94.14. The firm has a market capitalization of $9.49 billion, a price-to-earnings ratio of 22.77 and a beta of 0.80. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61.

DT Midstream Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.50%. This is a positive change from DT Midstream’s previous quarterly dividend of $0.74. The ex-dividend date is Monday, March 17th. DT Midstream’s dividend payout ratio is presently 91.11%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on DTM shares. UBS Group started coverage on shares of DT Midstream in a report on Wednesday. They issued a “buy” rating and a $102.00 target price on the stock. Citigroup raised shares of DT Midstream from a “neutral” rating to a “buy” rating and upped their target price for the company from $90.00 to $115.00 in a research note on Thursday, November 21st. The Goldman Sachs Group upped their target price on shares of DT Midstream from $74.00 to $94.00 and gave the company a “sell” rating in a research note on Thursday, December 19th. Raymond James upped their target price on shares of DT Midstream from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Finally, Barclays started coverage on shares of DT Midstream in a research report on Friday, January 10th. They issued an “equal weight” rating and a $112.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $102.00.

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.