Thompson Siegel & Walmsley LLC Has $7.85 Million Stake in DT Midstream, Inc. (NYSE:DTM)

Thompson Siegel & Walmsley LLC reduced its position in shares of DT Midstream, Inc. (NYSE:DTM) by 9.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 110,558 shares of the company’s stock after selling 11,581 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in DT Midstream were worth $7,853,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Victory Capital Management Inc. boosted its holdings in DT Midstream by 17.1% during the fourth quarter. Victory Capital Management Inc. now owns 24,300 shares of the company’s stock valued at $1,332,000 after acquiring an additional 3,545 shares during the period. Private Advisor Group LLC bought a new stake in DT Midstream during the 4th quarter valued at approximately $206,000. Charles Schwab Investment Management Inc. grew its holdings in DT Midstream by 5.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 841,896 shares of the company’s stock valued at $46,136,000 after buying an additional 44,482 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in shares of DT Midstream by 5.1% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 19,616 shares of the company’s stock worth $1,075,000 after acquiring an additional 946 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its position in DT Midstream by 14.9% during the fourth quarter. Quadrant Capital Group LLC now owns 3,329 shares of the company’s stock worth $182,000 after acquiring an additional 432 shares during the period. 81.53% of the stock is owned by institutional investors.

DT Midstream Stock Performance

DT Midstream stock opened at $76.80 on Monday. The firm has a market capitalization of $7.46 billion, a P/E ratio of 18.73 and a beta of 0.74. The stock has a fifty day moving average price of $74.30 and a two-hundred day moving average price of $67.79. DT Midstream, Inc. has a 52-week low of $50.88 and a 52-week high of $78.83. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.84 and a quick ratio of 0.84.

DT Midstream (NYSE:DTM) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.06. The firm had revenue of $244.00 million during the quarter, compared to the consensus estimate of $236.83 million. DT Midstream had a net margin of 42.10% and a return on equity of 9.45%. During the same period last year, the firm posted $0.93 EPS. As a group, analysts anticipate that DT Midstream, Inc. will post 3.96 EPS for the current fiscal year.

DT Midstream Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 16th will be issued a dividend of $0.735 per share. The ex-dividend date is Monday, September 16th. This represents a $2.94 dividend on an annualized basis and a yield of 3.83%. DT Midstream’s dividend payout ratio is 71.71%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DTM. Wells Fargo & Company raised 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. Stifel Nicolaus boosted their price target on DT Midstream from $70.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. raised their price objective on DT Midstream from $75.00 to $78.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Citigroup boosted their price objective on DT Midstream from $62.00 to $76.00 and gave the company a “neutral” rating in a research report on Wednesday, September 4th. Finally, Barclays boosted their price target on shares of DT Midstream from $66.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $70.75.

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.