Sequoia Financial Advisors LLC Has $636,000 Stake in DT Midstream, Inc. (NYSE:DTM)

Sequoia Financial Advisors LLC boosted its position in DT Midstream, Inc. (NYSE:DTM) by 22.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,082 shares of the company’s stock after purchasing an additional 1,494 shares during the period. Sequoia Financial Advisors LLC’s holdings in DT Midstream were worth $636,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. New Century Financial Group LLC bought a new stake in shares of DT Midstream during the third quarter worth about $341,000. Raymond James & Associates boosted its position in DT Midstream by 68.4% during the 3rd quarter. Raymond James & Associates now owns 30,554 shares of the company’s stock worth $2,403,000 after buying an additional 12,406 shares during the period. First Citizens Bank & Trust Co. grew its holdings in DT Midstream by 6.9% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 3,532 shares of the company’s stock worth $278,000 after acquiring an additional 228 shares during the last quarter. Blue Trust Inc. increased its position in DT Midstream by 83.0% in the 3rd quarter. Blue Trust Inc. now owns 1,889 shares of the company’s stock valued at $149,000 after acquiring an additional 857 shares during the period. Finally, V Square Quantitative Management LLC bought a new position in shares of DT Midstream during the third quarter valued at $29,000. 81.53% of the stock is currently owned by institutional investors.

DT Midstream Trading Down 0.6 %

Shares of DTM stock opened at $87.39 on Friday. DT Midstream, Inc. has a fifty-two week low of $51.17 and a fifty-two week high of $88.21. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a 50 day simple moving average of $80.02 and a two-hundred day simple moving average of $72.53. The company has a market cap of $8.49 billion, a P/E ratio of 21.31 and a beta of 0.74.

DT Midstream (NYSE:DTM) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.06. DT Midstream had a net margin of 42.10% and a return on equity of 9.45%. The company had revenue of $244.00 million during the quarter, compared to analyst estimates of $236.83 million. During the same quarter in the previous year, the business posted $0.93 EPS. Research analysts forecast that DT Midstream, Inc. will post 3.99 earnings per share for the current year.

DT Midstream Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 16th were issued a dividend of $0.735 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $2.94 annualized dividend and a dividend yield of 3.36%. DT Midstream’s dividend payout ratio is currently 71.71%.

Analyst Ratings Changes

A number of analysts recently weighed in on DTM shares. Barclays increased their price objective on DT Midstream from $76.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, October 3rd. Citigroup raised their price objective on DT Midstream from $62.00 to $76.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 4th. Stifel Nicolaus upped their target price on DT Midstream from $70.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. increased their target price on shares of DT Midstream from $78.00 to $83.00 and gave the company a “neutral” rating in a research report on Friday, October 4th. Finally, Wells Fargo & Company boosted their price target on shares of DT Midstream from $77.00 to $87.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $77.38.

DT Midstream Company 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.