DT Midstream, Inc. (NYSE:DTM) Shares Purchased by Lakeshore Financial Planning Inc.

Lakeshore Financial Planning Inc. boosted its holdings in DT Midstream, Inc. (NYSE:DTM) by 4.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,868 shares of the company’s stock after acquiring an additional 116 shares during the quarter. Lakeshore Financial Planning Inc.’s holdings in DT Midstream were worth $285,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. State Street Corp increased its position in DT Midstream by 6.4% in the 3rd quarter. State Street Corp now owns 3,385,579 shares of the company’s stock valued at $268,757,000 after acquiring an additional 202,447 shares during the period. Geode Capital Management LLC increased its position in DT Midstream by 4.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,066,278 shares of the company’s stock valued at $162,567,000 after acquiring an additional 85,462 shares during the period. Charles Schwab Investment Management Inc. increased 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 valued at $90,978,000 after acquiring an additional 267,269 shares during the period. Brookfield Corp ON increased its position in DT Midstream by 171.3% in the 3rd quarter. Brookfield Corp ON now owns 1,038,501 shares of the company’s stock valued at $81,689,000 after acquiring an additional 655,695 shares during the period. Finally, Reaves W H & Co. Inc. increased its position in DT Midstream by 8.2% in the 4th quarter. Reaves W H & Co. Inc. now owns 981,879 shares of the company’s stock valued at $97,628,000 after acquiring an additional 74,329 shares during the period. 81.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at DT Midstream

In other DT Midstream news, Director Robert C. Skaggs, Jr. acquired 1,000 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were acquired at an average cost of $86.92 per share, for a total transaction of $86,920.00. Following the completion of the purchase, the director now owns 38,653 shares of the company’s stock, valued at approximately $3,359,718.76. This trade represents a 2.66 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have purchased a total of 1,170 shares of company stock worth $103,357 over the last three months. Corporate insiders own 0.04% of the company’s stock.

DT Midstream Stock Performance

Shares of DT Midstream stock opened at $99.24 on Friday. The stock has a market cap of $10.08 billion, a PE ratio of 24.15 and a beta of 0.80. The business has a fifty day simple moving average of $100.24 and a 200-day simple moving average of $94.84. 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 $58.25 and a 12 month high of $114.50.

DT Midstream Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders 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. This represents a $3.28 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend is Monday, March 17th. DT Midstream’s dividend payout ratio (DPR) is 91.11%.

Wall Street Analysts Forecast Growth

DTM has been the topic of several research analyst reports. JPMorgan Chase & Co. lifted their price target on DT Midstream from $109.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, January 24th. 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 research report on Thursday, November 21st. UBS Group initiated coverage on DT Midstream in a research report on Wednesday, March 12th. They set a “buy” rating and a $102.00 price target on the stock. The Goldman Sachs Group lifted their price target on DT Midstream from $74.00 to $94.00 and gave the company a “sell” rating in a research report on Thursday, December 19th. Finally, Wells Fargo & Company lowered their price target on DT Midstream from $118.00 to $108.00 and set an “overweight” rating on the stock in a research report on Friday, February 28th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $102.00.

DT Midstream 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.