2,935 Shares in DT Midstream, Inc. (NYSE:DTM) Bought by Burns Matteson Capital Management LLC

Burns Matteson Capital Management LLC purchased a new position in DT Midstream, Inc. (NYSE:DTM) in the third quarter, HoldingsChannel.com reports. The institutional investor purchased 2,935 shares of the company’s stock, valued at approximately $231,000.

A number of other institutional investors also recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its position in 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 buying an additional 490,613 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of DT Midstream by 1.6% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,359,445 shares of the company’s stock worth $144,398,000 after purchasing an additional 37,463 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of DT Midstream by 3.4% during the second quarter. Bank of New York Mellon Corp now owns 1,166,694 shares of the company’s stock worth $82,870,000 after purchasing an additional 38,305 shares during the last quarter. Tortoise Capital Advisors L.L.C. lifted its position in shares of DT Midstream by 6.3% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 1,024,036 shares of the company’s stock worth $72,737,000 after purchasing an additional 60,370 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of DT Midstream by 14.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 809,126 shares of the company’s stock worth $49,438,000 after purchasing an additional 99,755 shares during the last quarter. 81.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on DTM shares. Wells Fargo & Company lifted their target price on DT Midstream from $77.00 to $87.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. lifted their target price on DT Midstream from $78.00 to $83.00 and gave the company a “neutral” rating in a research note on Friday, October 4th. Citigroup lifted their target price on DT Midstream from $62.00 to $76.00 and gave the company a “neutral” rating in a research note on Wednesday, September 4th. Stifel Nicolaus lifted their target price on DT Midstream from $70.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Barclays lifted their target price on DT Midstream from $76.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, October 3rd. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $73.00.

DT Midstream Stock Up 2.5 %

NYSE DTM traded up $2.12 during trading on Friday, hitting $85.87. The company’s stock had a trading volume of 917,683 shares, compared to its average volume of 642,731. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.84 and a quick ratio of 0.84. DT Midstream, Inc. has a fifty-two week low of $51.17 and a fifty-two week high of $85.91. The company has a market cap of $8.34 billion, a PE ratio of 20.69 and a beta of 0.74. The business’s 50 day simple moving average is $77.29 and its 200-day simple moving average is $70.72.

DT Midstream (NYSE:DTM) last released its earnings results on Tuesday, July 30th. The company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.06. DT Midstream had a return on equity of 9.45% and a net margin of 42.10%. The firm had revenue of $244.00 million during the quarter, compared to the consensus estimate of $236.83 million. During the same quarter in the previous year, the company posted $0.93 earnings per share. On average, equities analysts anticipate that DT Midstream, Inc. will post 3.99 EPS for the current fiscal year.

DT Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 16th will be issued a dividend of $0.735 per share. This represents a $2.94 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date is Monday, September 16th. DT Midstream’s dividend payout ratio (DPR) is 70.84%.

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.