Yousif Capital Management LLC Sells 1,341 Shares of DT Midstream, Inc. (NYSE:DTM)

Yousif Capital Management LLC decreased its stake in DT Midstream, Inc. (NYSE:DTM) by 2.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,087 shares of the company’s stock after selling 1,341 shares during the period. Yousif Capital Management LLC’s holdings in DT Midstream were worth $2,471,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wetzel Investment Advisors Inc. bought a new position in DT Midstream during the fourth quarter worth about $25,000. First Horizon Advisors Inc. grew its holdings in DT Midstream by 192.3% during the third quarter. First Horizon Advisors Inc. now owns 947 shares of the company’s stock worth $50,000 after purchasing an additional 623 shares during the period. GAMMA Investing LLC bought a new position in DT Midstream during the fourth quarter worth about $52,000. Blue Trust Inc. grew its holdings in DT Midstream by 28.3% during the fourth quarter. Blue Trust Inc. now owns 992 shares of the company’s stock worth $53,000 after purchasing an additional 219 shares during the period. Finally, Larson Financial Group LLC grew its holdings in DT Midstream by 32.8% during the third quarter. Larson Financial Group LLC now owns 1,720 shares of the company’s stock worth $91,000 after purchasing an additional 425 shares during the period. Institutional investors own 81.53% of the company’s stock.

Insider Activity

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on DTM shares. Mizuho lifted their price target on DT Midstream from $57.00 to $65.00 and gave the stock a “neutral” rating in a report on Monday. Barclays boosted their price objective on DT Midstream from $59.00 to $66.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. Finally, Wolfe Research upgraded DT Midstream from an “underperform” rating to a “peer perform” rating in a report on Tuesday, February 20th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $59.83.

DT Midstream Stock Down 1.3 %

NYSE DTM opened at $63.19 on Tuesday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.72. DT Midstream, Inc. has a 1-year low of $45.10 and a 1-year high of $64.69. The company has a 50 day moving average of $60.22 and a 200-day moving average of $56.65. The company has a market cap of $6.14 billion, a price-to-earnings ratio of 16.00 and a beta of 0.73.

DT Midstream (NYSE:DTM) last released its quarterly earnings results on Friday, February 16th. The company reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.32. DT Midstream had a net margin of 41.65% and a return on equity of 9.11%. The company had revenue of $244.00 million during the quarter, compared to the consensus estimate of $235.19 million. During the same period in the previous year, the business earned $0.93 earnings per share. On average, equities research analysts expect that DT Midstream, Inc. will post 3.95 earnings per share for the current fiscal year.

DT Midstream Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, March 18th were given a $0.735 dividend. This represents a $2.94 dividend on an annualized basis and a dividend yield of 4.65%. This is an increase 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%.

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.