Strs Ohio Buys 8,105 Shares of DT Midstream, Inc. (NYSE:DTM)

Strs Ohio grew its stake in DT Midstream, Inc. (NYSE:DTM) by 20.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 46,979 shares of the company’s stock after purchasing an additional 8,105 shares during the period. Strs Ohio’s holdings in DT Midstream were worth $2,574,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of DTM. Geneos Wealth Management Inc. bought a new stake in shares of DT Midstream in the 1st quarter valued at approximately $30,000. Chilton Capital Management LLC bought a new stake in shares of DT Midstream in the 1st quarter valued at approximately $39,000. First Horizon Advisors Inc. lifted its stake in shares of DT Midstream by 192.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 947 shares of the company’s stock valued at $50,000 after purchasing an additional 623 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of DT Midstream by 28.3% in the 4th quarter. Blue Trust Inc. now owns 992 shares of the company’s stock valued at $53,000 after purchasing an additional 219 shares during the last quarter. Finally, ICA Group Wealth Management LLC bought a new stake in shares of DT Midstream in the 4th quarter valued at approximately $59,000. 81.53% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Robert C. Skaggs, Jr. acquired 1,000 shares of DT Midstream stock in a transaction on Monday, February 26th. The shares were bought at an average cost of $56.87 per share, for a total transaction of $56,870.00. Following the acquisition, the director now directly owns 37,289 shares of the company’s stock, valued at approximately $2,120,625.43. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.04% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Wolfe Research raised DT Midstream from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, February 20th. Barclays increased their price target on DT Midstream from $59.00 to $66.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. Finally, Mizuho reiterated a “neutral” rating and issued a $57.00 price target (down from $58.00) on shares of DT Midstream in a report on Friday, January 5th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, DT Midstream presently has an average rating of “Hold” and a consensus price target of $58.50.

DT Midstream Trading Up 0.7 %

DTM opened at $63.23 on Friday. The stock’s fifty day moving average is $58.94 and its two-hundred day moving average is $56.18. The company has a market capitalization of $6.14 billion, a P/E ratio of 16.01 and a beta of 0.73. DT Midstream, Inc. has a 52 week low of $45.10 and a 52 week high of $64.19. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.72.

DT Midstream (NYSE:DTM) last released its quarterly earnings data on Friday, February 16th. The company reported $1.24 EPS for the quarter, topping the consensus estimate of $0.92 by $0.32. The company had revenue of $244.00 million for the quarter, compared to the consensus estimate of $235.19 million. DT Midstream had a return on equity of 9.11% and a net margin of 41.65%. During the same period last year, the business posted $0.93 EPS. Analysts forecast that DT Midstream, Inc. will post 3.86 earnings per share for the current year.

DT Midstream Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, March 18th were issued a dividend of $0.735 per share. This is an increase from DT Midstream’s previous quarterly dividend of $0.69. This represents a $2.94 annualized dividend and a yield of 4.65%. The ex-dividend date of this dividend was Friday, March 15th. DT Midstream’s dividend payout ratio (DPR) is presently 74.43%.

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.