XML Financial LLC Purchases Shares of 2,503 DT Midstream, Inc. (NYSE:DTM)

XML Financial LLC purchased a new stake in DT Midstream, Inc. (NYSE:DTM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,503 shares of the company’s stock, valued at approximately $249,000.

A number of other hedge funds also recently made changes to their positions in DTM. MassMutual Private Wealth & Trust FSB boosted its position in DT Midstream by 17.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 696 shares of the company’s stock valued at $69,000 after acquiring an additional 105 shares during the last quarter. Caprock Group LLC grew its stake in DT Midstream by 3.7% during the third quarter. Caprock Group LLC now owns 4,058 shares of the company’s stock worth $322,000 after purchasing an additional 143 shares during the period. AdvisorNet Financial Inc grew its stake in DT Midstream by 106.7% during the fourth quarter. AdvisorNet Financial Inc now owns 310 shares of the company’s stock worth $31,000 after purchasing an additional 160 shares during the period. UMB Bank n.a. increased its holdings in DT Midstream by 53.2% in the fourth quarter. UMB Bank n.a. now owns 481 shares of the company’s stock worth $48,000 after purchasing an additional 167 shares in the last quarter. Finally, TFG Advisers LLC lifted its stake in DT Midstream by 3.1% in the third quarter. TFG Advisers LLC now owns 5,774 shares of the company’s stock valued at $454,000 after buying an additional 172 shares during the period. 81.53% of the stock is currently owned by institutional investors.

DT Midstream Trading Up 0.3 %

NYSE:DTM opened at $111.57 on Friday. DT Midstream, Inc. has a 12 month low of $51.17 and a 12 month high of $114.50. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61. The firm’s 50 day moving average is $103.83 and its 200 day moving average is $88.19. The stock has a market capitalization of $10.84 billion, a PE ratio of 27.15 and a beta of 0.79.

DT Midstream (NYSE:DTM) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.05). DT Midstream had a net margin of 41.19% and a return on equity of 9.31%. The business had revenue of $248.00 million for the quarter, compared to analysts’ expectations of $242.64 million. During the same period last year, the company earned $0.94 earnings per share. Sell-side analysts expect that DT Midstream, Inc. will post 3.84 earnings per share for the current year.

DT Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th were given a $0.735 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.94 dividend on an annualized basis and a dividend yield of 2.64%. DT Midstream’s dividend payout ratio (DPR) is currently 71.53%.

Wall Street Analysts Forecast Growth

DTM has been the subject of several research analyst reports. Morgan Stanley lifted their price objective on shares of DT Midstream from $82.00 to $92.00 and gave the company an “underweight” rating in a research note on Friday, October 25th. Stifel Nicolaus upgraded shares of DT Midstream from a “hold” rating to a “buy” rating and upped their price objective for the company from $89.00 to $106.00 in a report on Thursday, December 19th. Wells Fargo & Company raised their target price on DT Midstream from $87.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Citigroup raised DT Midstream from a “neutral” rating to a “buy” rating and upped their price target for the stock from $90.00 to $115.00 in a research note on Thursday, November 21st. Finally, The Goldman Sachs Group raised their price objective on DT Midstream from $74.00 to $94.00 and gave the company a “sell” rating in a research note on Thursday, December 19th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $95.88.

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.