Park Avenue Securities LLC Makes New $730,000 Investment in DT Midstream, Inc. $DTM

Park Avenue Securities LLC bought a new stake in DT Midstream, Inc. (NYSE:DTM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 6,101 shares of the company’s stock, valued at approximately $730,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mather Group LLC. acquired a new stake in shares of DT Midstream during the third quarter worth approximately $30,000. Centerpoint Advisors LLC raised its holdings in DT Midstream by 198.9% in the third quarter. Centerpoint Advisors LLC now owns 269 shares of the company’s stock valued at $30,000 after acquiring an additional 179 shares in the last quarter. First Horizon Corp bought a new position in DT Midstream during the 3rd quarter valued at $32,000. Root Financial Partners LLC bought a new position in DT Midstream during the 3rd quarter valued at $33,000. Finally, Westside Investment Management Inc. grew its holdings in DT Midstream by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 290 shares of the company’s stock worth $33,000 after acquiring an additional 145 shares in the last quarter. 81.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at DT Midstream

In related news, CFO Jeffrey A. Jewell purchased 185 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The shares were acquired at an average price of $136.33 per share, with a total value of $25,221.05. Following the acquisition, the chief financial officer owned 89,583 shares in the company, valued at approximately $12,212,850.39. This trade represents a 0.21% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.34% of the company’s stock.

DT Midstream Trading Down 1.4%

NYSE DTM opened at $135.21 on Friday. DT Midstream, Inc. has a one year low of $83.30 and a one year high of $143.67. The company has a 50-day simple moving average of $132.67 and a 200-day simple moving average of $120.79. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market capitalization of $13.75 billion, a PE ratio of 31.37, a price-to-earnings-growth ratio of 2.84 and a beta of 0.75.

DT Midstream (NYSE:DTM) last released its quarterly earnings data on Thursday, February 19th. The company reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.11 by ($0.03). DT Midstream had a return on equity of 9.13% and a net margin of 35.48%.The business had revenue of $317.00 million for the quarter, compared to analyst estimates of $320.07 million. During the same quarter last year, the company earned $0.94 EPS. On average, equities analysts forecast that DT Midstream, Inc. will post 3.8 earnings per share for the current year.

DT Midstream Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Monday, March 16th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Monday, March 16th. This is a positive change from DT Midstream’s previous quarterly dividend of $0.82. DT Midstream’s payout ratio is currently 81.67%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DTM. Stifel Nicolaus set a $137.00 target price on shares of DT Midstream and gave the stock a “hold” rating in a research report on Monday, February 23rd. UBS Group boosted their price objective on DT Midstream from $128.00 to $152.00 and gave the company a “buy” rating in a report on Friday, February 20th. Mizuho upped their price objective on DT Midstream from $108.00 to $129.00 and gave the company a “neutral” rating in a research note on Tuesday, February 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of DT Midstream in a report on Wednesday, January 21st. Finally, Jefferies Financial Group set a $148.00 target price on DT Midstream and gave the stock a “buy” rating in a research report on Friday, February 20th. Six research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $144.10.

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.