Eagle Global Advisors LLC Increases Position in DT Midstream, Inc. (NYSE:DTM)

Eagle Global Advisors LLC lifted its position in DT Midstream, Inc. (NYSE:DTMFree Report) by 12.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 181,930 shares of the company’s stock after purchasing an additional 19,610 shares during the period. Eagle Global Advisors LLC owned about 0.19% of DT Midstream worth $9,970,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in shares of DT Midstream by 8.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,401,572 shares of the company’s stock worth $186,407,000 after acquiring an additional 266,433 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of DT Midstream during the fourth quarter worth $815,000. Mariner LLC boosted its position in shares of DT Midstream by 10.6% during the third quarter. Mariner LLC now owns 20,790 shares of the company’s stock worth $1,100,000 after acquiring an additional 1,985 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of DT Midstream by 2.1% during the third quarter. JPMorgan Chase & Co. now owns 1,931,337 shares of the company’s stock worth $102,960,000 after acquiring an additional 39,059 shares during the last quarter. Finally, Comerica Bank boosted its position in shares of DT Midstream by 11,073.2% during the third quarter. Comerica Bank now owns 86,257 shares of the company’s stock worth $4,565,000 after acquiring an additional 85,485 shares during the last quarter. 81.53% of the stock is owned by hedge funds and other institutional investors.

DT Midstream Trading Up 1.2 %

DTM stock traded up $0.77 during trading on Friday, hitting $66.36. The company had a trading volume of 763,339 shares, compared to its average volume of 668,013. The firm has a market capitalization of $6.44 billion, a P/E ratio of 15.97 and a beta of 0.72. DT Midstream, Inc. has a 52-week low of $45.20 and a 52-week high of $67.38. The company has a 50 day simple moving average of $62.86 and a 200-day simple moving average of $57.87. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.71.

DT Midstream (NYSE:DTMGet Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.95 by $0.04. The company had revenue of $240.00 million for the quarter, compared to the consensus estimate of $242.62 million. DT Midstream had a net margin of 42.46% and a return on equity of 9.41%. During the same quarter last year, the firm posted $0.84 EPS. As a group, research analysts forecast that DT Midstream, Inc. will post 3.92 earnings per share for the current fiscal year.

DT Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, June 17th will be given a dividend of $0.735 per share. This represents a $2.94 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date is Monday, June 17th. DT Midstream’s dividend payout ratio (DPR) is 71.71%.

Insider Activity

In related news, Director Robert C. Skaggs, Jr. bought 1,000 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was bought at an average cost of $56.87 per share, for a total transaction of $56,870.00. Following the purchase, the director now directly owns 37,289 shares of the company’s stock, valued at $2,120,625.43. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other DT Midstream news, CFO Jeffrey A. Jewell acquired 400 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was acquired at an average cost of $62.80 per share, for a total transaction of $25,120.00. Following the purchase, the chief financial officer now owns 44,285 shares in the company, valued at approximately $2,781,098. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert C. Skaggs, Jr. acquired 1,000 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were acquired at an average price of $56.87 per share, with a total value of $56,870.00. Following the completion of the purchase, the director now owns 37,289 shares in the company, valued at approximately $2,120,625.43. The disclosure for this purchase can be found here. Company insiders own 0.04% of the company’s stock.

Analyst Upgrades and Downgrades

DTM has been the subject of several research reports. Mizuho increased their price objective on shares of DT Midstream from $57.00 to $65.00 and gave the company a “neutral” rating in a research report on Monday, April 29th. Wolfe Research upgraded shares of DT Midstream from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, February 20th. US Capital Advisors lowered shares of DT Midstream from an “overweight” rating to a “hold” rating in a research report on Monday, April 29th. Barclays increased their price objective on shares of DT Midstream from $59.00 to $66.00 and gave the company an “overweight” rating in a research report on Friday, April 5th. Finally, Stifel Nicolaus increased their price objective on shares of DT Midstream from $62.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, DT Midstream has a consensus rating of “Hold” and a consensus price target of $61.50.

Get Our Latest Stock Report on DT Midstream

DT Midstream Profile

(Free Report)

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.

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Institutional Ownership by Quarter for DT Midstream (NYSE:DTM)

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