Treasurer of the State of North Carolina Has $2.36 Million Holdings in DT Midstream, Inc. (NYSE:DTM)

Treasurer of the State of North Carolina boosted its stake in DT Midstream, Inc. (NYSE:DTMFree Report) by 1.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,036 shares of the company’s stock after buying an additional 420 shares during the quarter. Treasurer of the State of North Carolina’s holdings in DT Midstream were worth $2,358,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. HHM Wealth Advisors LLC bought a new stake in shares of DT Midstream in the 4th quarter worth about $25,000. Wetzel Investment Advisors Inc. acquired a new stake in shares of DT Midstream during the fourth quarter worth approximately $25,000. GAMMA Investing LLC acquired a new stake in shares of DT Midstream during the fourth quarter worth approximately $52,000. Blue Trust Inc. raised its stake in shares of DT Midstream by 28.3% in 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 during the last quarter. Finally, Nemes Rush Group LLC boosted its holdings in shares of DT Midstream by 64.3% in the 4th quarter. Nemes Rush Group LLC now owns 1,150 shares of the company’s stock worth $63,000 after acquiring an additional 450 shares in the last quarter. 81.53% of the stock is currently owned by institutional investors.

DT Midstream Trading Up 0.2 %

Shares of NYSE:DTM opened at $68.41 on Friday. The stock has a market capitalization of $6.64 billion, a PE ratio of 16.69 and a beta of 0.73. The company’s 50-day moving average price is $64.44 and its two-hundred day moving average price is $58.67. 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 $46.36 and a one year high of $68.53.

DT Midstream (NYSE:DTMGet Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.95 by $0.04. The firm had revenue of $240.00 million during the quarter, compared to analysts’ expectations of $242.62 million. DT Midstream had a return on equity of 9.41% and a net margin of 42.46%. During the same period in the prior year, the firm posted $0.84 earnings per share. On average, equities analysts forecast that DT Midstream, Inc. will post 3.94 EPS for the current fiscal year.

DT Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, June 17th will be issued a dividend of $0.735 per share. The ex-dividend date of this dividend is Monday, June 17th. This represents a $2.94 dividend on an annualized basis and a yield of 4.30%. DT Midstream’s payout ratio is 71.71%.

Insiders Place Their Bets

In other news, CFO Jeffrey A. Jewell acquired 400 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was bought at an average price of $62.80 per share, with a total value of $25,120.00. Following the transaction, the chief financial officer now directly owns 44,285 shares in the company, valued at approximately $2,781,098. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.04% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on DTM shares. Barclays increased their target price on DT Midstream from $59.00 to $66.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. Wolfe Research upgraded shares of DT Midstream from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, February 20th. Wells Fargo & Company upgraded shares of DT Midstream from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $62.00 to $77.00 in a research report on Tuesday. Mizuho boosted their target price on DT Midstream from $57.00 to $65.00 and gave the stock a “neutral” rating in a research report on Monday, April 29th. Finally, Stifel Nicolaus lifted their price objective on DT Midstream from $62.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, DT Midstream has an average rating of “Hold” and a consensus target price of $63.71.

View Our Latest Report on DT Midstream

DT Midstream Company Profile

(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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