DT Midstream, Inc. (NYSE:DTM) Shares Sold by Larson Financial Group LLC

Larson Financial Group LLC lessened its holdings in DT Midstream, Inc. (NYSE:DTM) by 23.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,314 shares of the company’s stock after selling 406 shares during the period. Larson Financial Group LLC’s holdings in DT Midstream were worth $72,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of DTM. SS&H Financial Advisors Inc. acquired a new position in shares of DT Midstream in the third quarter valued at approximately $348,000. Secure Asset Management LLC purchased a new position in DT Midstream during the 3rd quarter worth $221,000. Fiduciary Alliance LLC lifted its stake in shares of DT Midstream by 1,136.7% in the 3rd quarter. Fiduciary Alliance LLC now owns 4,959 shares of the company’s stock worth $262,000 after acquiring an additional 4,558 shares during the period. U.S. Capital Wealth Advisors LLC acquired a new stake in DT Midstream in the third quarter valued at about $505,000. Finally, Linden Thomas Advisory Services LLC purchased a new stake in DT Midstream in the 3rd quarter valued at approximately $779,000. Institutional investors and hedge funds own 81.53% of the company’s stock.

Insiders Place Their Bets

In related news, Director Robert C. Skaggs, Jr. acquired 1,000 shares of DT Midstream stock in a transaction dated Monday, February 26th. The shares were acquired at an average cost of $56.87 per share, for a total transaction of $56,870.00. Following the completion of the transaction, the director now directly owns 37,289 shares of the company’s stock, valued at $2,120,625.43. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.04% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on DTM shares. Wolfe Research upgraded DT Midstream from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, February 20th. Mizuho reaffirmed a “neutral” rating and set a $57.00 price target (down from $58.00) on shares of DT Midstream in a research note on Friday, January 5th. Finally, Barclays raised their price objective on shares of DT Midstream from $59.00 to $66.00 and gave the company an “overweight” rating in a research note on Friday, April 5th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $58.50.

DT Midstream Price Performance

DT Midstream stock opened at $64.58 on Friday. The firm has a market capitalization of $6.27 billion, a PE ratio of 16.35 and a beta of 0.73. DT Midstream, Inc. has a 52 week low of $45.10 and a 52 week high of $64.69. The firm’s 50-day simple moving average is $59.86 and its 200 day simple moving average is $56.49. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.72.

DT Midstream (NYSE:DTM) last announced its quarterly earnings results on Friday, February 16th. The company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.32. DT Midstream had a net margin of 41.65% and a return on equity of 9.11%. The company had revenue of $244.00 million for the quarter, compared to the consensus estimate of $235.19 million. During the same quarter in the prior year, the firm earned $0.93 earnings per share. On average, equities research analysts predict that DT Midstream, Inc. will post 3.95 EPS for the current fiscal year.

DT Midstream Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, March 18th were issued a dividend of $0.735 per share. This represents a $2.94 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date of this dividend was Friday, March 15th. This is a boost from DT Midstream’s previous quarterly dividend of $0.69. DT Midstream’s dividend payout ratio is 74.43%.

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.