DT Midstream, Inc. (NYSE:DTM) Shares Sold by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC reduced its holdings in DT Midstream, Inc. (NYSE:DTM) by 2.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 402,703 shares of the company’s stock after selling 11,443 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in DT Midstream were worth $42,590,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. California Public Employees Retirement System lifted its holdings in DT Midstream by 129.3% in the fourth quarter. California Public Employees Retirement System now owns 411,609 shares of the company’s stock valued at $40,926,000 after acquiring an additional 232,116 shares during the period. Dorsey Wright & Associates lifted its stake in shares of DT Midstream by 0.4% in the fourth quarter. Dorsey Wright & Associates now owns 60,400 shares of the company’s stock valued at $6,006,000 after purchasing an additional 212 shares during the period. Strategy Asset Managers LLC purchased a new stake in DT Midstream during the fourth quarter worth about $211,000. Pictet Asset Management Holding SA grew its position in DT Midstream by 1,576.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 209,977 shares of the company’s stock worth $20,878,000 after buying an additional 197,449 shares during the period. Finally, Duff & Phelps Investment Management Co. increased its holdings in DT Midstream by 43.4% in the fourth quarter. Duff & Phelps Investment Management Co. now owns 388,578 shares of the company’s stock valued at $38,636,000 after buying an additional 117,511 shares in the last quarter. Institutional investors and hedge funds own 81.53% of the company’s stock.

Insiders Place Their Bets

In related news, Director Robert C. Skaggs, Jr. acquired 1,000 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was bought at an average price of $86.92 per share, with a total value of $86,920.00. Following the purchase, the director now directly owns 38,653 shares in the company, valued at $3,359,718.76. The trade was a 2.66 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders have acquired 1,170 shares of company stock valued at $103,357. Insiders own 0.04% of the company’s stock.

Analyst Ratings Changes

DTM has been the topic of a number of research reports. Morgan Stanley upped their price target on DT Midstream from $92.00 to $105.00 and gave the stock an “underweight” rating in a report on Tuesday, March 25th. Williams Trading set a $110.00 price target on DT Midstream in a research report on Monday, March 24th. 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 report on Friday, January 24th. UBS Group raised their target price on shares of DT Midstream from $102.00 to $115.00 and gave the company a “buy” rating in a report on Thursday. Finally, Raymond James upped their price target on shares of DT Midstream from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, DT Midstream presently has a consensus rating of “Hold” and a consensus target price of $105.08.

DT Midstream Trading Down 0.1 %

Shares of DTM opened at $96.89 on Monday. DT Midstream, Inc. has a fifty-two week low of $60.54 and a fifty-two week high of $114.50. The company has a market capitalization of $9.84 billion, a PE ratio of 23.57 and a beta of 0.80. The stock has a fifty day moving average of $99.03 and a two-hundred day moving average of $96.05. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 0.95.

DT Midstream Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 17th will be given a dividend of $0.82 per share. The ex-dividend date is Monday, March 17th. This is an increase from DT Midstream’s previous quarterly dividend of $0.74. This represents a $3.28 annualized dividend and a yield of 3.39%. DT Midstream’s dividend payout ratio is 91.11%.

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.