DT Midstream, Inc. (NYSE:DTM) Shares Sold by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. reduced its holdings in DT Midstream, Inc. (NYSE:DTM) by 13.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,218 shares of the company’s stock after selling 947 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in DT Midstream were worth $618,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Cerity Partners LLC increased its stake in shares of DT Midstream by 29.2% during the 3rd quarter. Cerity Partners LLC now owns 13,996 shares of the company’s stock valued at $1,101,000 after acquiring an additional 3,161 shares during the last quarter. FMR LLC increased its position in DT Midstream by 1,476.9% during the third quarter. FMR LLC now owns 805,950 shares of the company’s stock worth $63,396,000 after purchasing an additional 754,839 shares during the last quarter. Townsquare Capital LLC raised its stake in DT Midstream by 43.2% during the third quarter. Townsquare Capital LLC now owns 7,228 shares of the company’s stock worth $569,000 after purchasing an additional 2,181 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of DT Midstream by 7.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,632 shares of the company’s stock valued at $1,702,000 after purchasing an additional 1,446 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of DT Midstream by 3.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 241,200 shares of the company’s stock valued at $18,973,000 after buying an additional 7,956 shares during the period. 81.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DTM has been the topic of several research reports. Bank of America started coverage on DT Midstream in a research report on Monday, March 24th. They issued a “buy” rating and a $110.00 target price on the stock. Williams Trading set a $110.00 target price on DT Midstream in a report on Monday, March 24th. Wells Fargo & Company cut 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. boosted their price objective on shares of DT Midstream from $109.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, January 24th. Finally, Morgan Stanley raised their target price on shares of DT Midstream from $92.00 to $105.00 and gave the company an “underweight” rating in a research note on Tuesday, March 25th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $105.08.

DT Midstream Stock Performance

DT Midstream stock opened at $96.89 on Monday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.95 and a quick ratio of 0.95. The firm’s fifty day moving average price is $99.03 and its 200 day moving average price is $96.05. The company has a market capitalization of $9.84 billion, a price-to-earnings ratio of 23.57 and a beta of 0.80. DT Midstream, Inc. has a 12-month low of $60.54 and a 12-month high of $114.50.

DT Midstream Increases Dividend

The firm 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 is a boost from DT Midstream’s previous quarterly dividend of $0.74. The ex-dividend date of this dividend is Monday, March 17th. This represents a $3.28 annualized dividend and a dividend yield of 3.39%. DT Midstream’s payout ratio is 91.11%.

Insider Activity at DT Midstream

In related news, Director Robert C. Skaggs, Jr. purchased 1,000 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average cost of $86.92 per share, with a total value of $86,920.00. Following the completion of the acquisition, the director now directly owns 38,653 shares of the company’s stock, valued at approximately $3,359,718.76. The trade was a 2.66 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders acquired 1,170 shares of company stock valued at $103,357. Insiders own 0.04% of the company’s stock.

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.