LSV Asset Management Decreases Position in DT Midstream, Inc. (NYSE:DTM)

LSV Asset Management cut its stake in shares of DT Midstream, Inc. (NYSE:DTM) by 12.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 168,582 shares of the company’s stock after selling 23,779 shares during the period. LSV Asset Management’s holdings in DT Midstream were worth $9,238,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DTM. Wetzel Investment Advisors Inc. acquired a new position in shares of DT Midstream during the fourth quarter worth $25,000. HHM Wealth Advisors LLC purchased a new position in DT Midstream in the 4th quarter valued at about $25,000. First Horizon Advisors Inc. grew its stake in shares of DT Midstream by 192.3% during the third quarter. First Horizon Advisors Inc. now owns 947 shares of the company’s stock valued at $50,000 after acquiring an additional 623 shares in the last quarter. GAMMA Investing LLC purchased a new stake in shares of DT Midstream during the fourth quarter worth about $52,000. Finally, Blue Trust Inc. lifted its stake in shares of DT Midstream by 28.3% in the fourth quarter. Blue Trust Inc. now owns 992 shares of the company’s stock worth $53,000 after acquiring an additional 219 shares in the last quarter. Hedge funds and other institutional investors own 81.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on DTM shares. US Capital Advisors lowered DT Midstream from an “overweight” rating to a “hold” rating in a research note on Monday, April 29th. Wolfe Research upgraded shares of DT Midstream from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, February 20th. 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 note on Friday, April 5th. Mizuho increased their price target on shares of DT Midstream from $57.00 to $65.00 and gave the stock a “neutral” rating in a research report on Monday, April 29th. Finally, Stifel Nicolaus increased their target price on DT Midstream from $62.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $61.50.

DT Midstream Trading Up 0.7 %

Shares of DTM stock opened at $64.06 on Wednesday. The firm has a market capitalization of $6.22 billion, a PE ratio of 15.62 and a beta of 0.72. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.71 and a current ratio of 0.71. DT Midstream, Inc. has a 1 year low of $45.20 and a 1 year high of $64.69. The stock has a fifty day moving average of $60.82 and a two-hundred day moving average of $56.90.

DT Midstream (NYSE:DTM) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.04. DT Midstream had a net margin of 42.46% and a return on equity of 9.41%. The business had revenue of $240.00 million during the quarter, compared to analysts’ expectations of $242.62 million. During the same period last year, the firm posted $0.84 earnings per share. As a group, research analysts expect that DT Midstream, Inc. will post 3.93 EPS for the current year.

DT Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, June 17th will be paid a dividend of $0.735 per share. The ex-dividend date is Friday, June 14th. This represents a $2.94 annualized dividend and a yield of 4.59%. DT Midstream’s dividend payout ratio is currently 71.71%.

Insider Activity at DT Midstream

In other DT Midstream news, Director Robert C. Skaggs, Jr. acquired 1,000 shares of DT Midstream stock in a transaction dated Monday, February 26th. The stock was bought at an average price of $56.87 per share, for a total transaction of $56,870.00. Following the transaction, the director now owns 37,289 shares in the company, valued at approximately $2,120,625.43. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Robert C. Skaggs, Jr. purchased 1,000 shares of the company’s stock in a transaction on Monday, February 26th. The shares were bought at an average price of $56.87 per share, with a total value of $56,870.00. Following the completion of the acquisition, the director now owns 37,289 shares of the company’s stock, valued at $2,120,625.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jeffrey A. Jewell bought 400 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was bought at an average price of $62.80 per share, for a total transaction of $25,120.00. Following the completion of the acquisition, the chief financial officer now directly owns 44,285 shares in the company, valued at $2,781,098. The disclosure for this purchase can be found here. Company insiders own 0.21% of the company’s stock.

DT Midstream 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.