Burkett Financial Services LLC Invests $42,000 in DT Midstream, Inc. (NYSE:DTM)

Burkett Financial Services LLC bought a new stake in shares of DT Midstream, Inc. (NYSE:DTMFree Report) in the 4th quarter, Holdings Channel.com reports. The firm bought 758 shares of the company’s stock, valued at approximately $42,000.

Several other institutional investors and hedge funds have also bought and sold shares of DTM. Blue Trust Inc. increased its position 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 acquiring an additional 219 shares during the period. Treasurer of the State of North Carolina increased its holdings in DT Midstream by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 42,616 shares of the company’s stock valued at $2,255,000 after purchasing an additional 220 shares during the period. Commerce Bank raised its position in DT Midstream by 1.2% during the 4th quarter. Commerce Bank now owns 18,815 shares of the company’s stock valued at $1,031,000 after purchasing an additional 220 shares during the last quarter. Linden Thomas Advisory Services LLC lifted its holdings in DT Midstream by 1.7% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 14,961 shares of the company’s stock worth $820,000 after buying an additional 245 shares during the period. Finally, Johnson Investment Counsel Inc. grew its position in shares of DT Midstream by 0.8% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 31,870 shares of the company’s stock worth $1,687,000 after buying an additional 250 shares during the last quarter. 81.53% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CFO Jeffrey A. Jewell purchased 400 shares of the stock in a transaction dated Friday, May 3rd. The stock was purchased at an average price of $62.80 per share, with a total value of $25,120.00. Following the transaction, the chief financial officer now directly owns 44,285 shares in the company, valued at $2,781,098. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.04% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Barclays upped their target price on DT Midstream from $59.00 to $66.00 and gave the company an “overweight” rating in a report on Friday, April 5th. Wolfe Research upgraded shares of DT Midstream from an “underperform” rating to a “peer perform” rating in a report on Tuesday, February 20th. US Capital Advisors cut shares of DT Midstream from an “overweight” rating to a “hold” rating in a research report on Monday, April 29th. Stifel Nicolaus boosted their price target 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. Finally, Mizuho raised their price objective on shares of DT Midstream from $57.00 to $65.00 and gave the stock a “neutral” rating in a report on Monday, April 29th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, DT Midstream presently has an average rating of “Hold” and a consensus price target of $61.50.

Get Our Latest Stock Report on DTM

DT Midstream Stock Up 1.5 %

Shares of DT Midstream stock opened at $67.08 on Friday. DT Midstream, Inc. has a 1 year low of $45.20 and a 1 year high of $67.38. The firm has a market cap of $6.51 billion, a price-to-earnings ratio of 16.36 and a beta of 0.72. The company has a 50-day moving average of $63.79 and a 200 day moving average of $58.36. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.71 and a quick ratio of 0.71.

DT Midstream (NYSE:DTMGet Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $242.62 million. During the same quarter in the prior year, the company earned $0.84 earnings per share. As a group, sell-side analysts anticipate that DT Midstream, Inc. will post 3.92 earnings per share for the current fiscal year.

DT Midstream Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, June 17th will be paid a dividend of $0.735 per share. This represents a $2.94 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date of this dividend is Monday, June 17th. DT Midstream’s payout ratio is 71.71%.

DT Midstream Company 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.

Featured Articles

Want to see what other hedge funds are holding DTM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DT Midstream, Inc. (NYSE:DTMFree Report).

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

Receive News & Ratings for DT Midstream Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DT Midstream and related companies with MarketBeat.com's FREE daily email newsletter.