SBI Securities Co. Ltd. Makes New Investment in DT Midstream, Inc. (NYSE:DTM)

SBI Securities Co. Ltd. bought a new position in shares of DT Midstream, Inc. (NYSE:DTM) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,558 shares of the company’s stock, valued at approximately $155,000.

Other hedge funds have also recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its holdings in DT Midstream by 15.0% during the fourth quarter. Jones Financial Companies Lllp now owns 768 shares of the company’s stock valued at $76,000 after acquiring an additional 100 shares during the period. Kohmann Bosshard Financial Services LLC bought a new stake in DT Midstream during the fourth quarter valued at about $50,000. Smartleaf Asset Management LLC boosted its holdings in DT Midstream by 327.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,780 shares of the company’s stock valued at $178,000 after acquiring an additional 1,364 shares during the period. Metis Global Partners LLC boosted its holdings in DT Midstream by 3.7% during the fourth quarter. Metis Global Partners LLC now owns 5,597 shares of the company’s stock valued at $557,000 after acquiring an additional 202 shares during the period. Finally, Williamson Legacy Group LLC bought a new stake in DT Midstream during the fourth quarter valued at about $416,000. 81.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus decreased their price target on shares of DT Midstream from $106.00 to $102.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Wells Fargo & Company reduced their target price on shares of DT Midstream from $118.00 to $108.00 and set an “overweight” rating for the company in a research note on Friday, February 28th. Barclays assumed coverage on shares of DT Midstream in a research note on Friday, January 10th. They issued an “equal weight” rating and a $112.00 target price for the company. JPMorgan Chase & Co. increased their target price on shares of DT Midstream from $109.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. Finally, Citigroup upgraded shares of DT Midstream from a “neutral” rating to a “buy” rating and increased their target price for the company from $90.00 to $115.00 in a research note on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $102.00.

DT Midstream Stock Performance

NYSE:DTM opened at $88.16 on Friday. DT Midstream, Inc. has a 12-month low of $57.16 and a 12-month high of $114.50. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $8.94 billion, a PE ratio of 21.45 and a beta of 0.80. The firm has a 50-day moving average price of $101.91 and a 200 day moving average price of $93.63.

DT Midstream Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be issued a dividend of $0.82 per share. This is a positive change from DT Midstream’s previous quarterly dividend of $0.74. The ex-dividend date is Monday, March 17th. This represents a $3.28 annualized dividend and a dividend yield of 3.72%. DT Midstream’s dividend payout ratio (DPR) is presently 91.11%.

About DT Midstream

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.