Capstone Investment Advisors LLC Invests $284,000 in DT Midstream, Inc. (NYSE:DTM)

Capstone Investment Advisors LLC purchased a new stake in DT Midstream, Inc. (NYSE:DTMFree Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 4,643 shares of the company’s stock, valued at approximately $284,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bright Rock Capital Management LLC purchased a new position in shares of DT Midstream in the 1st quarter valued at about $916,000. Dimensional Fund Advisors LP lifted its stake in shares of DT Midstream by 8.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,401,572 shares of the company’s stock worth $186,407,000 after purchasing an additional 266,433 shares in the last quarter. Tortoise Index Solutions LLC grew its position in DT Midstream by 12.9% in the fourth quarter. Tortoise Index Solutions LLC now owns 128,107 shares of the company’s stock valued at $7,020,000 after acquiring an additional 14,598 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in DT Midstream during the 4th quarter worth $815,000. Finally, Prevail Innovative Wealth Advisors LLC acquired a new stake in DT Midstream during the 4th quarter valued at approximately $1,506,000. 81.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DTM has been the topic of several research reports. Wells Fargo & Company upgraded DT Midstream from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $62.00 to $77.00 in a research note on Tuesday, June 4th. US Capital Advisors lowered DT Midstream from an “overweight” rating to a “hold” rating in a research note on Monday, April 29th. 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. Barclays upped their price target on DT Midstream from $59.00 to $66.00 and gave the company an “overweight” rating in a research report on Friday, April 5th. Finally, Stifel Nicolaus boosted their price target on DT Midstream from $62.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $63.71.

Read Our Latest Stock Analysis on DT Midstream

DT Midstream Price Performance

Shares of DT Midstream stock opened at $69.52 on Wednesday. The firm has a fifty day moving average price of $67.48 and a two-hundred day moving average price of $60.94. DT Midstream, Inc. has a fifty-two week low of $50.14 and a fifty-two week high of $71.85. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.71 and a quick ratio of 0.71. The company has a market cap of $6.75 billion, a PE ratio of 16.96 and a beta of 0.74.

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

DT Midstream Dividend Announcement

The firm 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 $0.735 dividend. This represents a $2.94 annualized dividend and a yield of 4.23%. The ex-dividend date is Monday, June 17th. DT Midstream’s dividend payout ratio (DPR) is presently 71.71%.

Insider Activity

In related news, CFO Jeffrey A. Jewell acquired 400 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was bought at an average cost of $62.80 per share, with a total value of $25,120.00. Following the completion of the acquisition, the chief financial officer now owns 44,285 shares in the company, valued at $2,781,098. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.21% of the company’s stock.

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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