Linden Thomas Advisory Services LLC Has $1.43 Million Stock Holdings in DT Midstream, Inc. (NYSE:DTM)

Linden Thomas Advisory Services LLC decreased its position in shares of DT Midstream, Inc. (NYSE:DTM) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,363 shares of the company’s stock after selling 158 shares during the period. Linden Thomas Advisory Services LLC’s holdings in DT Midstream were worth $1,428,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. UMB Bank n.a. boosted its position in DT Midstream by 324.3% in the third quarter. UMB Bank n.a. now owns 314 shares of the company’s stock valued at $25,000 after buying an additional 240 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in DT Midstream during the 3rd quarter worth approximately $29,000. Wilmington Savings Fund Society FSB bought a new stake in DT Midstream during the 3rd quarter worth approximately $29,000. AdvisorNet Financial Inc increased its holdings in shares of DT Midstream by 106.7% in the 4th quarter. AdvisorNet Financial Inc now owns 310 shares of the company’s stock worth $31,000 after buying an additional 160 shares during the last quarter. Finally, Sound Income Strategies LLC increased its holdings in shares of DT Midstream by 93.7% in the 4th quarter. Sound Income Strategies LLC now owns 337 shares of the company’s stock worth $34,000 after buying an additional 163 shares during the last quarter. Institutional investors and hedge funds own 81.53% of the company’s stock.

DT Midstream Stock Up 0.1 %

NYSE:DTM opened at $111.46 on Friday. The firm has a 50-day simple moving average of $104.05 and a two-hundred day simple moving average of $88.61. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market cap of $10.83 billion, a P/E ratio of 27.12 and a beta of 0.79. DT Midstream, Inc. has a fifty-two week low of $51.17 and a fifty-two week high of $114.50.

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

DT Midstream Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th were issued a dividend of $0.735 per share. This represents a $2.94 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend was Monday, December 16th. DT Midstream’s payout ratio is presently 71.53%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on DTM shares. Citigroup raised shares of DT Midstream from a “neutral” rating to a “buy” rating and upped their price objective for the company from $90.00 to $115.00 in a research note on Thursday, November 21st. Barclays initiated coverage on shares of DT Midstream in a report on Friday, January 10th. They issued an “equal weight” rating and a $112.00 price objective for the company. The Goldman Sachs Group increased their price target on shares of DT Midstream from $74.00 to $94.00 and gave the stock a “sell” rating in a research note on Thursday, December 19th. Wells Fargo & Company increased their price target on shares of DT Midstream from $87.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Finally, Morgan Stanley increased their price target on shares of DT Midstream from $82.00 to $92.00 and gave the stock an “underweight” rating in a research note on Friday, October 25th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, DT Midstream currently has an average rating of “Hold” and an average price target of $99.88.

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.