Natixis Advisors LLC Increases Stock Position in DT Midstream, Inc. (NYSE:DTM)

Natixis Advisors LLC increased its holdings in DT Midstream, Inc. (NYSE:DTM) by 10.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 24,568 shares of the company’s stock after purchasing an additional 2,356 shares during the period. Natixis Advisors LLC’s holdings in DT Midstream were worth $1,933,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. UMB Bank n.a. boosted its holdings in shares of DT Midstream by 324.3% in the third quarter. UMB Bank n.a. now owns 314 shares of the company’s stock worth $25,000 after acquiring an additional 240 shares during the period. Family Firm Inc. bought a new position in DT Midstream in the 2nd quarter worth about $26,000. V Square Quantitative Management LLC purchased a new position in DT Midstream during the 3rd quarter valued at about $29,000. First Command Advisory Services Inc. bought a new stake in shares of DT Midstream during the second quarter valued at about $31,000. Finally, American National Bank lifted its holdings in shares of DT Midstream by 100.0% in the second quarter. American National Bank now owns 468 shares of the company’s stock worth $33,000 after buying an additional 234 shares in the last quarter. 81.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DTM has been the subject of several recent analyst reports. Stifel Nicolaus cut shares of DT Midstream from a “buy” rating to a “hold” rating and boosted their price objective for the company from $78.00 to $89.00 in a research note on Wednesday, October 30th. Wells Fargo & Company boosted their price target on shares of DT Midstream from $87.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Citigroup upgraded DT Midstream from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $90.00 to $115.00 in a research report on Thursday, November 21st. JPMorgan Chase & Co. boosted their target price on DT Midstream from $78.00 to $83.00 and gave the stock a “neutral” rating in a research report on Friday, October 4th. Finally, Morgan Stanley raised their price target on DT Midstream from $82.00 to $92.00 and gave the company an “underweight” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $84.78.

DT Midstream Trading Down 2.6 %

Shares of DTM stock opened at $105.73 on Tuesday. The business has a 50-day moving average price of $88.93 and a two-hundred day moving average price of $77.67. DT Midstream, Inc. has a 12-month low of $51.17 and a 12-month high of $109.85. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.61. The firm has a market cap of $10.27 billion, a P/E ratio of 25.73 and a beta of 0.71.

DT Midstream (NYSE:DTM) last released its earnings results on Tuesday, October 29th. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.05). DT Midstream had a return on equity of 9.31% and a net margin of 41.19%. The firm had revenue of $248.00 million during the quarter, compared to the consensus estimate of $242.64 million. During the same quarter in the previous year, the firm earned $0.94 EPS. Equities analysts anticipate that DT Midstream, Inc. will post 3.96 EPS for the current fiscal year.

DT Midstream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th will be paid a $0.735 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.94 dividend on an annualized basis and a dividend yield of 2.78%. DT Midstream’s dividend payout ratio (DPR) is 71.53%.

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.