Linden Thomas Advisory Services LLC Sells 158 Shares of DT Midstream, Inc. (NYSE:DTM)

Linden Thomas Advisory Services LLC lowered its stake in shares of DT Midstream, Inc. (NYSE:DTM) by 1.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,363 shares of the company’s stock after selling 158 shares during the period. Linden Thomas Advisory Services LLC’s holdings in DT Midstream were worth $1,428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of DTM. MassMutual Private Wealth & Trust FSB increased its position in DT Midstream by 17.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 696 shares of the company’s stock worth $69,000 after purchasing an additional 105 shares during the last quarter. Caprock Group LLC boosted its stake in DT Midstream by 3.7% during the third quarter. Caprock Group LLC now owns 4,058 shares of the company’s stock worth $322,000 after buying an additional 143 shares during the period. AdvisorNet Financial Inc boosted its stake in DT Midstream by 106.7% during the fourth quarter. AdvisorNet Financial Inc now owns 310 shares of the company’s stock worth $31,000 after buying an additional 160 shares during the period. Sound Income Strategies LLC boosted its stake in DT Midstream by 93.7% during the fourth quarter. Sound Income Strategies LLC now owns 337 shares of the company’s stock worth $34,000 after buying an additional 163 shares during the period. Finally, UMB Bank n.a. boosted its stake in DT Midstream by 53.2% during the fourth quarter. UMB Bank n.a. now owns 481 shares of the company’s stock worth $48,000 after buying an additional 167 shares during the period. Institutional investors own 81.53% of the company’s stock.

DT Midstream Stock Up 0.1 %

Shares of DT Midstream stock opened at $111.46 on Friday. 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 1 year low of $51.17 and a 1 year high of $114.50. The firm’s 50-day moving average is $104.05 and its two-hundred day moving average is $88.61. The stock has a market cap of $10.83 billion, a price-to-earnings ratio of 27.12 and a beta of 0.79.

DT Midstream (NYSE:DTM) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.05). The firm had revenue of $248.00 million for the quarter, compared to analysts’ expectations of $242.64 million. DT Midstream had a net margin of 41.19% and a return on equity of 9.31%. During the same period in the previous year, the company posted $0.94 earnings per share. As a group, research analysts expect that DT Midstream, Inc. will post 3.84 earnings per share for the current fiscal year.

DT Midstream Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 16th were issued a $0.735 dividend. The ex-dividend date was Monday, December 16th. This represents a $2.94 annualized dividend and a yield of 2.64%. DT Midstream’s dividend payout ratio (DPR) is currently 71.53%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Stifel Nicolaus upgraded shares of DT Midstream from a “hold” rating to a “buy” rating and upped their price target for the stock from $89.00 to $106.00 in a report on Thursday, December 19th. Citigroup upgraded shares of DT Midstream from a “neutral” rating to a “buy” rating and upped their price target for the stock from $90.00 to $115.00 in a report on Thursday, November 21st. Barclays assumed coverage on shares of DT Midstream in a report on Friday, January 10th. They issued an “equal weight” rating and a $112.00 price target on the stock. Morgan Stanley upped their price target on shares of DT Midstream from $82.00 to $92.00 and gave the stock an “underweight” rating in a report on Friday, October 25th. Finally, The Goldman Sachs Group upped their price target on shares of DT Midstream from $74.00 to $94.00 and gave the stock a “sell” rating in a report on Thursday, December 19th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $99.88.

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.