Cerity Partners LLC Has $1.10 Million Stock Position in DT Midstream, Inc. (NYSE:DTM)

Cerity Partners LLC increased its holdings in DT Midstream, Inc. (NYSE:DTM) by 29.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,996 shares of the company’s stock after acquiring an additional 3,161 shares during the period. Cerity Partners LLC’s holdings in DT Midstream were worth $1,101,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in shares of DT Midstream by 12.6% in the second quarter. Dimensional Fund Advisors LP now owns 4,393,511 shares of the company’s stock worth $312,070,000 after purchasing an additional 490,613 shares in the last quarter. Bank of New York Mellon Corp lifted its position in DT Midstream by 3.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,166,694 shares of the company’s stock worth $82,870,000 after buying an additional 38,305 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in DT Midstream by 30.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,156,598 shares of the company’s stock worth $90,978,000 after buying an additional 267,269 shares in the last quarter. Tortoise Capital Advisors L.L.C. boosted its stake in shares of DT Midstream by 6.3% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 1,024,036 shares of the company’s stock valued at $72,737,000 after buying an additional 60,370 shares during the period. Finally, International Assets Investment Management LLC purchased a new position in shares of DT Midstream during the 3rd quarter valued at $39,166,000. 81.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on DTM shares. JPMorgan Chase & Co. lifted their price objective on DT Midstream from $78.00 to $83.00 and gave the company a “neutral” rating in a research report on Friday, October 4th. Citigroup upgraded DT Midstream from a “neutral” rating to a “buy” rating and lifted their price target for the company from $90.00 to $115.00 in a report on Thursday, November 21st. The Goldman Sachs Group increased their price objective on DT Midstream from $66.00 to $74.00 and gave the stock a “sell” rating in a report on Tuesday, November 5th. Stifel Nicolaus cut shares of DT Midstream from a “buy” rating to a “hold” rating and lifted their target price for the company from $78.00 to $89.00 in a research note on Wednesday, October 30th. Finally, Barclays boosted their target price on shares of DT Midstream from $85.00 to $92.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $84.78.

DT Midstream Trading Down 0.9 %

Shares of DTM stock opened at $101.82 on Thursday. The business’s 50 day moving average is $92.16 and its two-hundred day moving average is $79.31. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.61. DT Midstream, Inc. has a 12 month low of $51.17 and a 12 month high of $109.85. The company has a market cap of $9.89 billion, a PE ratio of 24.77 and a beta of 0.77.

DT Midstream (NYSE:DTM) last posted its earnings results on Tuesday, October 29th. The company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.05). The firm had revenue of $248.00 million during the quarter, compared to analyst estimates of $242.64 million. DT Midstream had a net margin of 41.19% and a return on equity of 9.31%. During the same quarter in the previous year, the business posted $0.94 earnings per share. Equities analysts predict that DT Midstream, Inc. will post 3.85 EPS for the current year.

DT Midstream Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 16th will be given a dividend of $0.735 per share. The ex-dividend date is Monday, December 16th. This represents a $2.94 annualized dividend and a dividend yield of 2.89%. DT Midstream’s dividend payout ratio is presently 71.53%.

DT Midstream Company Profile

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.