Natixis Advisors LLC Purchases 2,356 Shares of DT Midstream, Inc. (NYSE:DTM)

Natixis Advisors LLC increased its position in shares of DT Midstream, Inc. (NYSE:DTM) by 10.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 24,568 shares of the company’s stock after buying an additional 2,356 shares during the quarter. Natixis Advisors LLC’s holdings in DT Midstream were worth $1,933,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DTM. Quadrature Capital Ltd lifted its stake in shares of DT Midstream by 7.9% in the first quarter. Quadrature Capital Ltd now owns 7,149 shares of the company’s stock valued at $437,000 after buying an additional 522 shares in the last quarter. Lazard Asset Management LLC acquired a new position in DT Midstream during the 1st quarter valued at about $73,000. Price T Rowe Associates Inc. MD increased its holdings in DT Midstream by 6.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 46,864 shares of the company’s stock worth $2,864,000 after purchasing an additional 2,997 shares in the last quarter. Bayesian Capital Management LP increased its holdings in DT Midstream by 10.3% during the 1st quarter. Bayesian Capital Management LP now owns 6,400 shares of the company’s stock worth $391,000 after purchasing an additional 600 shares in the last quarter. Finally, Invst LLC purchased a new stake in shares of DT Midstream in the first quarter worth approximately $782,000. Institutional investors own 81.53% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on DTM. Wells Fargo & Company upped their price target on DT Midstream from $87.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. upped their target price on shares of DT Midstream from $78.00 to $83.00 and gave the stock a “neutral” rating in a research note on Friday, October 4th. Stifel Nicolaus lowered shares of DT Midstream from a “buy” rating to a “hold” rating and raised their price target for the company from $78.00 to $89.00 in a research report on Wednesday, October 30th. Morgan Stanley upped their price objective on shares of DT Midstream from $82.00 to $92.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. Finally, Citigroup raised shares of DT Midstream from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $90.00 to $115.00 in a research report on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $84.78.

DT Midstream Stock Down 2.6 %

DTM opened at $105.73 on Tuesday. DT Midstream, Inc. has a twelve month low of $51.17 and a twelve month high of $109.85. The company’s 50-day moving average price is $88.93 and its two-hundred day moving average price is $77.67. The stock has a market cap of $10.27 billion, a price-to-earnings ratio of 25.73 and a beta of 0.71. 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 posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.90 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $242.64 million. During the same quarter in the previous year, the company posted $0.94 EPS. As a group, equities analysts expect that DT Midstream, Inc. will post 3.96 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 paid a dividend of $0.735 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.94 annualized dividend and a dividend yield of 2.78%. DT Midstream’s payout ratio is 71.53%.

About DT Midstream

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.