DT Midstream, Inc. (NYSE:DTM) Shares Purchased by Nemes Rush Group LLC

Nemes Rush Group LLC raised its position in DT Midstream, Inc. (NYSE:DTM) by 64.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,150 shares of the company’s stock after purchasing an additional 450 shares during the quarter. Nemes Rush Group LLC’s holdings in DT Midstream were worth $63,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of DTM. Wetzel Investment Advisors Inc. acquired a new position in DT Midstream during the 4th quarter worth about $25,000. HHM Wealth Advisors LLC purchased a new position in shares of DT Midstream in the fourth quarter valued at approximately $25,000. GAMMA Investing LLC acquired a new position in shares of DT Midstream in the fourth quarter valued at approximately $52,000. Blue Trust Inc. grew its holdings in shares of DT Midstream by 28.3% in the fourth quarter. Blue Trust Inc. now owns 992 shares of the company’s stock valued at $53,000 after purchasing an additional 219 shares in the last quarter. Finally, MeadowBrook Investment Advisors LLC acquired a new stake in DT Midstream during the 4th quarter worth approximately $89,000. 81.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at DT Midstream

In other DT Midstream news, Director Robert C. Skaggs, Jr. bought 1,000 shares of DT Midstream stock in a transaction dated Monday, February 26th. The stock was acquired at an average cost 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 purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Robert C. Skaggs, Jr. purchased 1,000 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was acquired at an average price of $56.87 per share, for a total transaction of $56,870.00. Following the completion of 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 filing with the SEC, which can be accessed through this link. Also, CFO Jeffrey A. Jewell acquired 400 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was purchased at an average price of $62.80 per share, for a total transaction of $25,120.00. Following the completion of the transaction, the chief financial officer now owns 44,285 shares in the company, valued at $2,781,098. The disclosure for this purchase can be found here. 0.21% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. US Capital Advisors downgraded shares of DT Midstream from an “overweight” rating to a “hold” rating in a research note on Monday, April 29th. Wolfe Research upgraded DT Midstream from an “underperform” rating to a “peer perform” rating in a report on Tuesday, February 20th. Mizuho increased their price target on DT Midstream from $57.00 to $65.00 and gave the company a “neutral” rating in a research report on Monday, April 29th. Barclays upped their target price on shares of DT Midstream from $59.00 to $66.00 and gave the stock an “overweight” rating in a research note on Friday, April 5th. Finally, Stifel Nicolaus lifted their price target on shares of DT Midstream from $62.00 to $70.00 and gave the stock a “buy” rating in a research note 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $61.50.

DT Midstream Stock Down 1.0 %

DT Midstream stock traded down $0.70 during mid-day trading on Wednesday, hitting $66.05. The company had a trading volume of 111,435 shares, compared to its average volume of 663,626. The stock has a market cap of $6.41 billion, a price-to-earnings ratio of 16.14 and a beta of 0.72. 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, Inc. has a 1 year low of $45.20 and a 1 year high of $67.38. The business has a fifty day moving average of $62.55 and a 200 day moving average of $57.76.

DT Midstream (NYSE:DTM) last announced 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. DT Midstream had a net margin of 42.46% and a return on equity of 9.41%. The firm had revenue of $240.00 million for the quarter, compared to analyst estimates of $242.62 million. During the same period last year, the business earned $0.84 EPS. On average, sell-side analysts expect 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. Stockholders of record on Monday, June 17th will be issued a $0.735 dividend. The ex-dividend date is Monday, June 17th. This represents a $2.94 dividend on an annualized basis and a dividend yield of 4.45%. DT Midstream’s payout ratio is 71.71%.

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.