8,466 Shares in DT Midstream, Inc. (NYSE:DTM) Acquired by Atria Investments Inc

Atria Investments Inc bought a new position in DT Midstream, Inc. (NYSE:DTM) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 8,466 shares of the company’s stock, valued at approximately $666,000.

A number of other large investors have also made changes to their positions in the company. Blue Trust Inc. raised its holdings in shares of DT Midstream by 16.0% during the second quarter. Blue Trust Inc. now owns 1,032 shares of the company’s stock valued at $73,000 after acquiring an additional 142 shares during the period. TFG Advisers LLC grew its position in DT Midstream by 3.1% during the third quarter. TFG Advisers LLC now owns 5,774 shares of the company’s stock valued at $454,000 after purchasing an additional 172 shares in the last quarter. Princeton Global Asset Management LLC grew its position in DT Midstream by 8.6% during the third quarter. Princeton Global Asset Management LLC now owns 2,525 shares of the company’s stock valued at $199,000 after purchasing an additional 200 shares in the last quarter. Raymond James & Associates grew its position in DT Midstream by 1.1% during the second quarter. Raymond James & Associates now owns 18,148 shares of the company’s stock valued at $1,289,000 after purchasing an additional 201 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its position in DT Midstream by 39.8% during the second quarter. First Horizon Advisors Inc. now owns 787 shares of the company’s stock valued at $56,000 after purchasing an additional 224 shares in the last quarter. Institutional investors and hedge funds own 81.53% of the company’s stock.

DT Midstream Stock Performance

NYSE:DTM opened at $103.01 on Wednesday. DT Midstream, Inc. has a 1 year low of $51.17 and a 1 year high of $103.51. The firm’s fifty day simple moving average is $86.50 and its 200 day simple moving average is $76.49. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $10.01 billion, a PE ratio of 25.06 and a beta of 0.71.

DT Midstream (NYSE:DTM) last posted 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). DT Midstream had a net margin of 41.19% and a return on equity of 9.31%. The firm had revenue of $248.00 million during the quarter, compared to analyst estimates of $242.64 million. During the same quarter in the previous year, the business posted $0.94 earnings per share. On average, sell-side analysts anticipate that DT Midstream, Inc. will post 3.96 EPS for the current year.

DT Midstream Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 16th will be paid a $0.735 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.94 dividend on an annualized basis and a yield of 2.85%. DT Midstream’s payout ratio is presently 71.53%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Morgan Stanley boosted 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. Citigroup boosted their price objective on shares of DT Midstream from $62.00 to $76.00 and gave the company a “neutral” rating in a research report on Wednesday, September 4th. Wells Fargo & Company boosted their price objective on shares of 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. boosted their target price on shares of DT Midstream from $78.00 to $83.00 and gave the stock a “neutral” rating in a research report on Friday, October 4th. Finally, Barclays increased their price target 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. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $80.44.

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.