Signaturefd LLC Increases Stake in DT Midstream, Inc. (NYSE:DTM)

Signaturefd LLC raised its holdings in DT Midstream, Inc. (NYSE:DTM) by 28.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,065 shares of the company’s stock after acquiring an additional 461 shares during the quarter. Signaturefd LLC’s holdings in DT Midstream were worth $113,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. JPMorgan Chase & Co. boosted its holdings in DT Midstream by 2.1% in the third quarter. JPMorgan Chase & Co. now owns 1,931,337 shares of the company’s stock valued at $102,960,000 after purchasing an additional 39,059 shares during the period. Reaves W H & Co. Inc. grew its position in shares of DT Midstream by 5.4% during the third quarter. Reaves W H & Co. Inc. now owns 962,954 shares of the company’s stock worth $50,960,000 after buying an additional 49,414 shares in the last quarter. Invesco Ltd. increased its stake in shares of DT Midstream by 6.0% during the third quarter. Invesco Ltd. now owns 921,917 shares of the company’s stock worth $48,788,000 after buying an additional 52,188 shares during the period. Deutsche Bank AG raised its holdings in DT Midstream by 1,176.7% in the third quarter. Deutsche Bank AG now owns 867,145 shares of the company’s stock valued at $45,889,000 after acquiring an additional 799,224 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in DT Midstream by 6.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 797,414 shares of the company’s stock worth $42,199,000 after acquiring an additional 49,242 shares during the last quarter. Institutional investors and hedge funds own 81.53% of the company’s stock.

Insider Activity at DT Midstream

In other DT Midstream news, Director Robert C. Skaggs, Jr. acquired 1,000 shares of the stock in a transaction on Monday, February 26th. The shares were bought at an average cost of $56.87 per share, with a total value of $56,870.00. Following the transaction, the director now owns 37,289 shares of the company’s stock, valued at approximately $2,120,625.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.21% of the stock is owned by insiders.

DT Midstream Stock Performance

NYSE DTM opened at $63.19 on Tuesday. The company has a fifty day moving average of $60.22 and a two-hundred day moving average of $56.65. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.63 and a quick ratio of 0.63. DT Midstream, Inc. has a 1 year low of $45.10 and a 1 year high of $64.69. The company has a market capitalization of $6.14 billion, a PE ratio of 16.00 and a beta of 0.73.

DT Midstream (NYSE:DTM) last announced its earnings results on Friday, February 16th. The company reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.32. The firm had revenue of $244.00 million during the quarter, compared to analysts’ expectations 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 in the prior year, the firm earned $0.93 EPS. As a group, analysts expect that DT Midstream, Inc. will post 3.95 earnings per share for the current year.

DT Midstream Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, March 18th were issued a $0.735 dividend. This represents a $2.94 dividend on an annualized basis and a dividend yield of 4.65%. This is a boost from DT Midstream’s previous quarterly dividend of $0.69. The ex-dividend date was Friday, March 15th. DT Midstream’s payout ratio is presently 74.43%.

Analyst Upgrades and Downgrades

DTM has been the topic of a number of analyst reports. Mizuho raised their price objective on shares of DT Midstream from $57.00 to $65.00 and gave the company a “neutral” rating in a report on Monday. Wolfe Research raised DT Midstream from an “underperform” rating to a “peer perform” rating in a report on Tuesday, February 20th. Finally, Barclays increased their price objective on DT Midstream from $59.00 to $66.00 and gave the company an “overweight” rating in a report on Friday, April 5th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $59.83.

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.