DT Midstream, Inc. (NYSE:DTM) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its position in shares of DT Midstream, Inc. (NYSE:DTM) by 5.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,485 shares of the company’s stock after selling 3,116 shares during the period. Mutual of America Capital Management LLC’s holdings in DT Midstream were worth $4,128,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in DTM. Blair William & Co. IL grew its holdings in DT Midstream by 4.0% during the 1st quarter. Blair William & Co. IL now owns 6,258 shares of the company’s stock worth $382,000 after acquiring an additional 243 shares in the last quarter. Seven Eight Capital LP acquired a new position in DT Midstream during the 1st quarter worth $232,000. Quadrature Capital Ltd grew its holdings in DT Midstream by 7.9% during the 1st quarter. Quadrature Capital Ltd now owns 7,149 shares of the company’s stock worth $437,000 after acquiring an additional 522 shares in the last quarter. Lazard Asset Management LLC acquired a new position in DT Midstream during the 1st quarter worth $73,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in DT Midstream by 6.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 46,864 shares of the company’s stock worth $2,864,000 after acquiring an additional 2,997 shares in the last quarter. 81.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DTM has been the subject of several recent analyst reports. Barclays raised their price objective on shares of DT Midstream from $85.00 to $92.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. JPMorgan Chase & Co. increased their price objective on shares of DT Midstream from $78.00 to $83.00 and gave the stock a “neutral” rating in a research note on Friday, October 4th. Citigroup upgraded DT Midstream from a “neutral” rating to a “buy” rating and lifted their target price for the company from $90.00 to $115.00 in a research note on Thursday. The Goldman Sachs Group increased their price target on DT Midstream from $66.00 to $74.00 and gave the stock a “sell” rating in a research report on Tuesday, November 5th. Finally, Stifel Nicolaus lowered 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 report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, DT Midstream currently has a consensus rating of “Hold” and an average price target of $84.78.

DT Midstream Stock Up 5.4 %

Shares of DT Midstream stock opened at $108.31 on Friday. DT Midstream, Inc. has a 1-year low of $51.17 and a 1-year high of $108.56. The company has a market capitalization of $10.52 billion, a P/E ratio of 26.35 and a beta of 0.71. The business’s fifty day moving average price is $87.72 and its two-hundred day moving average price is $76.89. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.95 and a quick ratio of 0.95.

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

DT Midstream Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th will be issued a $0.735 dividend. This represents a $2.94 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend is Monday, December 16th. DT Midstream’s dividend payout ratio (DPR) is presently 71.53%.

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.