DT Midstream, Inc. $DTM Shares Purchased by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of DT Midstream, Inc. (NYSE:DTM) by 17.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,227 shares of the company’s stock after purchasing an additional 5,269 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in DT Midstream were worth $4,336,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in DTM. Mather Group LLC. bought a new stake in shares of DT Midstream in the third quarter worth $30,000. Centerpoint Advisors LLC boosted its stake in DT Midstream by 198.9% during the 3rd quarter. Centerpoint Advisors LLC now owns 269 shares of the company’s stock valued at $30,000 after acquiring an additional 179 shares during the last quarter. First Horizon Corp bought a new position in DT Midstream during the 3rd quarter valued at $32,000. Cary Street Partners Investment Advisory LLC acquired a new position in DT Midstream during the 2nd quarter worth $33,000. Finally, Root Financial Partners LLC acquired a new position in DT Midstream during the 3rd quarter worth $33,000. 81.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at DT Midstream

In related news, CFO Jeffrey A. Jewell purchased 185 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The shares were acquired at an average price of $136.33 per share, with a total value of $25,221.05. Following the acquisition, the chief financial officer owned 89,583 shares in the company, valued at approximately $12,212,850.39. This trade represents a 0.21% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.34% of the company’s stock.

DT Midstream Trading Down 1.4%

DT Midstream stock opened at $135.21 on Friday. DT Midstream, Inc. has a 1 year low of $83.30 and a 1 year high of $143.67. The firm’s 50-day moving average is $132.67 and its 200-day moving average is $120.79. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market cap of $13.75 billion, a P/E ratio of 31.37, a PEG ratio of 2.84 and a beta of 0.75.

DT Midstream (NYSE:DTM) last announced its quarterly earnings data on Thursday, February 19th. The company reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.03). The business had revenue of $317.00 million for the quarter, compared to the consensus estimate of $320.07 million. DT Midstream had a net margin of 35.48% and a return on equity of 9.13%. During the same period in the prior year, the company earned $0.94 EPS. On average, equities analysts expect that DT Midstream, Inc. will post 3.8 earnings per share for the current year.

DT Midstream Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Monday, March 16th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 2.6%. This is a boost from DT Midstream’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Monday, March 16th. DT Midstream’s dividend payout ratio is currently 81.67%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Barclays upped their target price on shares of DT Midstream from $119.00 to $141.00 and gave the company an “equal weight” rating in a research note on Thursday, March 5th. Mizuho boosted their price objective on DT Midstream from $108.00 to $129.00 and gave the company a “neutral” rating in a report on Tuesday, February 17th. JPMorgan Chase & Co. boosted their price objective on DT Midstream from $126.00 to $142.00 and gave the company a “neutral” rating in a report on Thursday, March 5th. Morgan Stanley upped their price objective on DT Midstream from $137.00 to $139.00 and gave the company an “underweight” rating in a research note on Tuesday, February 10th. Finally, Wells Fargo & Company lifted their target price on DT Midstream from $150.00 to $165.00 and gave the stock an “overweight” rating in a research report on Friday, March 13th. Six analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $144.10.

DT Midstream Profile

DT Midstream Inc (NYSE: DTM) is a midstream energy company that owns and operates infrastructure for gathering, processing and treating hydrocarbons and produced water. Its core business activities encompass natural gas gathering, cryogenic processing, natural gas liquids (NGL) fractionation, and produced-water handling services. These integrated operations enable the company to capture and transport multiple hydrocarbon streams from wellhead to market and to provide essential water management solutions.

The company’s asset footprint is concentrated in the Delaware Basin in West Texas and southeastern New Mexico, where it serves a diverse range of exploration and production customers.