IFP Advisors Inc Has $130,000 Holdings in DT Midstream, Inc. (NYSE:DTM)

IFP Advisors Inc lifted its stake in shares of DT Midstream, Inc. (NYSE:DTM) by 37.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,257 shares of the company’s stock after purchasing an additional 345 shares during the period. IFP Advisors Inc’s holdings in DT Midstream were worth $130,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Midwest Capital Advisors LLC acquired a new stake in DT Midstream during the 4th quarter worth approximately $157,000. Colonial River Investments LLC bought a new position in DT Midstream in the fourth quarter worth approximately $284,000. Sigma Planning Corp increased its stake in DT Midstream by 8.3% during the 4th quarter. Sigma Planning Corp now owns 19,222 shares of the company’s stock valued at $1,911,000 after purchasing an additional 1,466 shares in the last quarter. Navellier & Associates Inc. bought a new stake in shares of DT Midstream during the fourth quarter worth about $273,000. Finally, Legacy Capital Group California Inc. increased its holdings in DT Midstream by 13.0% during the 4th quarter. Legacy Capital Group California Inc. now owns 3,370 shares of the company’s stock worth $335,000 after purchasing an additional 387 shares in the last quarter. 81.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DTM has been the topic of a number of recent analyst reports. The Goldman Sachs Group lifted their target price on DT Midstream from $74.00 to $94.00 and gave the stock a “sell” rating in a research note on Thursday, December 19th. Stifel Nicolaus cut their target price on DT Midstream from $106.00 to $102.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Wells Fargo & Company decreased their price target on shares of DT Midstream from $118.00 to $108.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. JPMorgan Chase & Co. upped their price objective on shares of DT Midstream from $109.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. Finally, Barclays initiated coverage on DT Midstream in a research report on Friday, January 10th. They set an “equal weight” rating and a $112.00 price target on the stock. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $102.00.

DT Midstream Trading Down 1.4 %

Shares of DT Midstream stock opened at $93.30 on Wednesday. The stock has a market cap of $9.46 billion, a PE ratio of 22.70 and a beta of 0.79. The firm has a fifty day moving average price of $102.31 and a 200 day moving average price of $93.66. DT Midstream, Inc. has a 1 year low of $57.16 and a 1 year high of $114.50. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.95 and a quick ratio of 0.95.

DT Midstream Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 3.52%. This is a positive change from DT Midstream’s previous quarterly dividend of $0.74. The ex-dividend date of this dividend is Monday, March 17th. DT Midstream’s dividend payout ratio (DPR) is 91.11%.

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.