DT Midstream, Inc. (NYSE:DTM) Shares Bought by Metis Global Partners LLC

Metis Global Partners LLC increased its holdings in shares of DT Midstream, Inc. (NYSE:DTM) by 3.7% in the fourth quarter, Holdings Channel reports. The firm owned 5,597 shares of the company’s stock after acquiring an additional 202 shares during the period. Metis Global Partners LLC’s holdings in DT Midstream were worth $557,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of DTM. AdvisorNet Financial Inc increased its position in shares of DT Midstream by 106.7% in the fourth quarter. AdvisorNet Financial Inc now owns 310 shares of the company’s stock worth $31,000 after acquiring an additional 160 shares in the last quarter. Sound Income Strategies LLC increased 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 valued at $34,000 after purchasing an additional 163 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in DT Midstream in the third quarter valued at about $29,000. UMB Bank n.a. raised its position in DT Midstream by 53.2% in the fourth quarter. UMB Bank n.a. now owns 481 shares of the company’s stock valued at $48,000 after purchasing an additional 167 shares during the period. Finally, Brooklyn Investment Group acquired a new position in shares of DT Midstream during the third quarter worth about $40,000. Hedge funds and other institutional investors own 81.53% of the company’s stock.

DT Midstream Trading Up 0.4 %

NYSE DTM opened at $93.65 on Thursday. The company has a market capitalization of $9.49 billion, a price-to-earnings ratio of 22.79 and a beta of 0.79. 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, Inc. has a 12 month low of $57.16 and a 12 month high of $114.50. The company’s fifty day moving average price is $102.13 and its two-hundred day moving average price is $93.66.

DT Midstream Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors 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 3.50%. This is an increase from DT Midstream’s previous quarterly dividend of $0.74. The ex-dividend date is Monday, March 17th. DT Midstream’s dividend payout ratio (DPR) is 91.11%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DTM. The Goldman Sachs Group increased their target price on DT Midstream from $74.00 to $94.00 and gave the company a “sell” rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. increased their price objective on shares of DT Midstream from $109.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, January 24th. Citigroup raised shares of DT Midstream from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $90.00 to $115.00 in a research report on Thursday, November 21st. 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 note on Friday, January 10th. They set an “equal weight” rating and a $112.00 price target on the stock. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $102.00.

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.