Yost Capital Management LP Buys New Holdings in DT Midstream, Inc. $DTM

Yost Capital Management LP purchased a new stake in shares of DT Midstream, Inc. (NYSE:DTM) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 50,000 shares of the company’s stock, valued at approximately $5,653,000. DT Midstream accounts for 6.9% of Yost Capital Management LP’s portfolio, making the stock its 9th largest holding.

A number of other large investors also recently modified their holdings of the company. Mather Group LLC. acquired a new position in shares of DT Midstream in the 3rd quarter valued at about $30,000. Centerpoint Advisors LLC increased its position in DT Midstream by 198.9% during the 3rd quarter. Centerpoint Advisors LLC now owns 269 shares of the company’s stock worth $30,000 after purchasing an additional 179 shares in the last quarter. First Horizon Corp purchased a new position in DT Midstream in the third quarter valued at approximately $32,000. Cary Street Partners Investment Advisory LLC purchased a new position in DT Midstream in the second quarter valued at approximately $33,000. Finally, Root Financial Partners LLC acquired a new position in DT Midstream during the third quarter valued at approximately $33,000. 81.53% of the stock is currently owned by hedge funds and other institutional investors.

DT Midstream Stock Up 0.7%

NYSE DTM traded up $0.93 during mid-day trading on Friday, reaching $136.57. 102,835 shares of the company’s stock traded hands, compared to its average volume of 777,531. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.68. DT Midstream, Inc. has a 1-year low of $83.30 and a 1-year high of $143.67. The company has a fifty day simple moving average of $128.83 and a 200-day simple moving average of $118.31. The company has a market cap of $13.89 billion, a price-to-earnings ratio of 31.75, a P/E/G ratio of 2.86 and a beta of 0.75.

DT Midstream (NYSE:DTM) last announced its earnings results on Thursday, February 19th. The company reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.03). DT Midstream had a net margin of 35.48% and a return on equity of 9.13%. The business had revenue of $317.00 million during the quarter, compared to analyst estimates of $320.07 million. During the same period in the previous year, the company earned $0.94 earnings per share. As a group, equities research analysts expect that DT Midstream, Inc. will post 3.8 EPS for the current year.

DT Midstream Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Monday, March 16th will be paid a dividend of $0.88 per share. This is a positive change from DT Midstream’s previous quarterly dividend of $0.82. The ex-dividend date is Monday, March 16th. This represents a $3.52 dividend on an annualized basis and a yield of 2.6%. DT Midstream’s payout ratio is currently 76.10%.

Insider Buying and Selling

In related news, CFO Jeffrey A. Jewell acquired 185 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was bought at an average cost of $136.33 per share, with a total value of $25,221.05. Following the acquisition, the chief financial officer directly owned 89,583 shares in the company, valued at approximately $12,212,850.39. The trade was a 0.21% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.34% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Citigroup boosted their price objective on shares of DT Midstream from $130.00 to $156.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. Stifel Nicolaus set a $137.00 target price on shares of DT Midstream and gave the company a “hold” rating in a report on Monday, February 23rd. Bank of America upped their price target on shares of DT Midstream from $118.00 to $132.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. UBS Group increased their price target on DT Midstream from $128.00 to $152.00 and gave the company a “buy” rating in a report on Friday, February 20th. Finally, Barclays raised their price objective on DT Midstream from $119.00 to $141.00 and gave the company an “equal weight” rating in a research report on Thursday, March 5th. Six equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $141.00.

About DT Midstream

DT Midstream Inc (NYSE: DTM) is a midstream energy company that owns and operates infrastructure for gathering, processing and treating hydrocarbons and produced water. Its core business activities encompass natural gas gathering, cryogenic processing, natural gas liquids (NGL) fractionation, and produced-water handling services. These integrated operations enable the company to capture and transport multiple hydrocarbon streams from wellhead to market and to provide essential water management solutions.

The company’s asset footprint is concentrated in the Delaware Basin in West Texas and southeastern New Mexico, where it serves a diverse range of exploration and production customers.