SG Americas Securities LLC Purchases 36,722 Shares of DT Midstream, Inc. $DTM

SG Americas Securities LLC raised its position in DT Midstream, Inc. (NYSE:DTM) by 139.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 62,986 shares of the company’s stock after purchasing an additional 36,722 shares during the quarter. SG Americas Securities LLC’s holdings in DT Midstream were worth $7,538,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its holdings in shares of DT Midstream by 21.6% in the 1st quarter. Royal Bank of Canada now owns 90,286 shares of the company’s stock worth $8,711,000 after acquiring an additional 16,043 shares in the last quarter. NewEdge Advisors LLC increased its holdings in DT Midstream by 1.6% during the 1st quarter. NewEdge Advisors LLC now owns 13,631 shares of the company’s stock valued at $1,315,000 after purchasing an additional 218 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in DT Midstream by 13.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 276,241 shares of the company’s stock valued at $26,652,000 after purchasing an additional 31,894 shares in the last quarter. Geneos Wealth Management Inc. raised its position in DT Midstream by 39.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 436 shares of the company’s stock valued at $42,000 after purchasing an additional 123 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in DT Midstream by 34.3% in the 2nd quarter. Prudential Financial Inc. now owns 13,283 shares of the company’s stock valued at $1,460,000 after purchasing an additional 3,391 shares during the last quarter. 81.53% of the stock is owned by institutional investors.

DT Midstream Price Performance

DT Midstream stock opened at $134.63 on Tuesday. The business’s 50-day simple moving average is $132.95 and its 200 day simple moving average is $121.19. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.68. The stock has a market cap of $13.73 billion, a price-to-earnings ratio of 31.24, a P/E/G ratio of 2.80 and a beta of 0.75. DT Midstream, Inc. has a 12-month low of $83.30 and a 12-month high of $143.67.

DT Midstream (NYSE:DTM) last released 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). The business had revenue of $317.00 million for the quarter, compared to analyst estimates of $320.07 million. DT Midstream had a net margin of 35.48% and a return on equity of 9.13%. During the same quarter in the previous year, the company posted $0.94 earnings per share. As a group, research analysts anticipate that DT Midstream, Inc. will post 3.8 earnings per share for the current year.

DT Midstream Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Monday, March 16th will be issued a $0.88 dividend. This is an increase from DT Midstream’s previous quarterly dividend of $0.82. This represents a $3.52 annualized dividend and a yield of 2.6%. The ex-dividend date is Monday, March 16th. DT Midstream’s dividend payout ratio (DPR) is currently 81.67%.

Insider Transactions at DT Midstream

In other DT Midstream news, CFO Jeffrey A. Jewell bought 185 shares of the stock in a transaction on Wednesday, February 25th. The stock was purchased 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 of the company’s stock, valued at approximately $12,212,850.39. The trade was a 0.21% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.34% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on DTM shares. Mizuho increased their target price on DT Midstream from $108.00 to $129.00 and gave the stock a “neutral” rating in a report on Tuesday, February 17th. UBS Group upped their price target on shares of DT Midstream from $128.00 to $152.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Barclays raised their price objective on shares of DT Midstream from $119.00 to $141.00 and gave the company an “equal weight” rating in a research report on Thursday, March 5th. Wall Street Zen downgraded shares of DT Midstream from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Wells Fargo & Company upped their target price on shares of DT Midstream from $150.00 to $165.00 and gave the stock an “overweight” rating in a research report on Friday, March 13th. Six investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, DT Midstream has an average rating of “Hold” and a consensus target price of $144.10.

DT Midstream Profile

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.