Oregon Public Employees Retirement Fund Boosts Stock Position in DT Midstream, Inc. (NYSE:DTM)

Oregon Public Employees Retirement Fund grew its holdings in DT Midstream, Inc. (NYSE:DTMGet Rating) by 1.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,262 shares of the company’s stock after buying an additional 295 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in DT Midstream were worth $1,467,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Lindbrook Capital LLC boosted its stake in shares of DT Midstream by 1.9% in the second quarter. Lindbrook Capital LLC now owns 9,930 shares of the company’s stock worth $487,000 after acquiring an additional 185 shares during the last quarter. Securian Asset Management Inc. boosted its stake in shares of DT Midstream by 2.7% in the second quarter. Securian Asset Management Inc. now owns 8,818 shares of the company’s stock worth $432,000 after acquiring an additional 231 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of DT Midstream by 2.3% in the second quarter. Exchange Traded Concepts LLC now owns 11,767 shares of the company’s stock worth $577,000 after acquiring an additional 268 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of DT Midstream by 5.0% in the first quarter. American Century Companies Inc. now owns 5,889 shares of the company’s stock worth $320,000 after acquiring an additional 278 shares during the last quarter. Finally, Hudson Value Partners LLC boosted its stake in shares of DT Midstream by 2.5% in the second quarter. Hudson Value Partners LLC now owns 12,471 shares of the company’s stock worth $611,000 after acquiring an additional 300 shares during the last quarter. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

DT Midstream Stock Performance

Shares of DT Midstream stock opened at $53.53 on Friday. DT Midstream, Inc. has a 52 week low of $45.58 and a 52 week high of $61.12. The business’s fifty day simple moving average is $56.49 and its 200-day simple moving average is $55.43. The firm has a market cap of $5.18 billion, a PE ratio of 14.01 and a beta of 0.86. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.74.

DT Midstream (NYSE:DTMGet Rating) last announced its quarterly earnings results on Friday, October 28th. The company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.86 by $0.04. The business had revenue of $235.00 million for the quarter, compared to analyst estimates of $230.73 million. DT Midstream had a return on equity of 8.24% and a net margin of 41.33%. Equities analysts forecast that DT Midstream, Inc. will post 3.88 earnings per share for the current year.

DT Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, January 15th. Investors of record on Monday, December 19th were issued a $0.64 dividend. The ex-dividend date of this dividend was Friday, December 16th. This represents a $2.56 annualized dividend and a dividend yield of 4.78%. DT Midstream’s dividend payout ratio is presently 67.02%.

Analyst Upgrades and Downgrades

DTM has been the topic of a number of research analyst reports. Wells Fargo & Company lowered DT Midstream from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $68.00 to $62.00 in a research note on Friday, December 16th. Wolfe Research lowered DT Midstream from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, November 16th. Mizuho lowered DT Midstream from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $67.00 to $62.00 in a research note on Monday, October 31st. Barclays lowered their price objective on DT Midstream from $67.00 to $64.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Citigroup began coverage on DT Midstream in a research note on Thursday, December 8th. They set a “sell” rating and a $54.00 price objective on the stock. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, DT Midstream presently has an average rating of “Hold” and an average target price of $60.29.

About DT Midstream

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DT Midstream, Inc provides integrated natural gas services in the United States. The company operates through two segments, Pipeline and Gathering. It develops, owns, and operates an integrated portfolio of interstate pipelines, intrastate pipelines, storage systems, lateral pipelines, gathering systems, related treatment plants, and compression and surface facilities.

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Institutional Ownership by Quarter for DT Midstream (NYSE:DTM)

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