Commerce Bank Buys 220 Shares of DT Midstream, Inc. (NYSE:DTM)

Commerce Bank raised its stake in DT Midstream, Inc. (NYSE:DTMFree Report) by 1.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 18,815 shares of the company’s stock after purchasing an additional 220 shares during the quarter. Commerce Bank’s holdings in DT Midstream were worth $1,031,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wetzel Investment Advisors Inc. bought a new stake in DT Midstream in the fourth quarter valued at approximately $25,000. HHM Wealth Advisors LLC bought a new position in shares of DT Midstream during the fourth quarter valued at approximately $25,000. GAMMA Investing LLC bought a new position in shares of DT Midstream during the fourth quarter valued at approximately $52,000. Blue Trust Inc. raised its holdings in shares of DT Midstream by 28.3% during the fourth quarter. Blue Trust Inc. now owns 992 shares of the company’s stock valued at $53,000 after acquiring an additional 219 shares in the last quarter. Finally, Nemes Rush Group LLC raised its holdings in shares of DT Midstream by 64.3% during the fourth quarter. Nemes Rush Group LLC now owns 1,150 shares of the company’s stock valued at $63,000 after acquiring an additional 450 shares in the last quarter. Institutional investors own 81.53% of the company’s stock.

Insider Buying and Selling at DT Midstream

In other news, CFO Jeffrey A. Jewell purchased 400 shares of the stock in a transaction on Friday, May 3rd. The shares were acquired at an average price of $62.80 per share, with a total value of $25,120.00. Following the completion of the acquisition, the chief financial officer now directly owns 44,285 shares of the company’s stock, valued at $2,781,098. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.04% of the company’s stock.

DT Midstream Trading Down 1.2 %

DT Midstream stock opened at $65.61 on Thursday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.71 and a quick ratio of 0.71. DT Midstream, Inc. has a one year low of $45.20 and a one year high of $67.38. The stock has a market capitalization of $6.37 billion, a PE ratio of 16.00 and a beta of 0.72. The business’s fifty day moving average is $63.51 and its 200 day moving average is $58.21.

DT Midstream (NYSE:DTMGet Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.04. DT Midstream had a net margin of 42.46% and a return on equity of 9.41%. The business had revenue of $240.00 million for the quarter, compared to the consensus estimate of $242.62 million. During the same quarter in the previous year, the firm earned $0.84 earnings per share. On average, sell-side analysts predict that DT Midstream, Inc. will post 3.92 EPS for the current year.

DT Midstream Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, June 17th will be issued a dividend of $0.735 per share. This represents a $2.94 annualized dividend and a yield of 4.48%. The ex-dividend date of this dividend is Monday, June 17th. DT Midstream’s dividend payout ratio is currently 71.71%.

Wall Street Analysts Forecast Growth

DTM has been the subject of a number of recent analyst reports. Stifel Nicolaus upped their target price on DT Midstream from $62.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Barclays upped their price target on DT Midstream from $59.00 to $66.00 and gave the stock an “overweight” rating in a research note on Friday, April 5th. US Capital Advisors cut DT Midstream from an “overweight” rating to a “hold” rating in a research note on Monday, April 29th. Wolfe Research raised DT Midstream from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, February 20th. Finally, Mizuho upped their price target on DT Midstream from $57.00 to $65.00 and gave the stock a “neutral” rating in a research note on Monday, April 29th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $61.50.

View Our Latest Stock Report on DTM

About DT Midstream

(Free Report)

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.

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

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