Jackson Creek Investment Advisors LLC Purchases Shares of 7,576 DT Midstream, Inc. (NYSE:DTM)

Jackson Creek Investment Advisors LLC acquired a new position in DT Midstream, Inc. (NYSE:DTM) during the second quarter, HoldingsChannel.com reports. The fund acquired 7,576 shares of the company’s stock, valued at approximately $538,000.

Several other large investors have also recently modified their holdings of DTM. International Assets Investment Management LLC acquired a new position in DT Midstream during the 4th quarter valued at about $815,000. Van ECK Associates Corp increased its holdings in shares of DT Midstream by 1.7% during the fourth quarter. Van ECK Associates Corp now owns 30,967 shares of the company’s stock valued at $1,697,000 after acquiring an additional 507 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of DT Midstream by 17.1% in the 4th quarter. Victory Capital Management Inc. now owns 24,300 shares of the company’s stock valued at $1,332,000 after purchasing an additional 3,545 shares during the last quarter. Natixis Advisors L.P. boosted its stake in DT Midstream by 29.0% in the 4th quarter. Natixis Advisors L.P. now owns 17,156 shares of the company’s stock worth $940,000 after purchasing an additional 3,861 shares in the last quarter. Finally, Metis Global Partners LLC purchased a new stake in DT Midstream during the 4th quarter worth approximately $207,000. Institutional investors own 81.53% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on DTM. Barclays raised their price target on shares of DT Midstream from $66.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. Stifel Nicolaus upped their target price on DT Midstream from $70.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. lifted their price target on DT Midstream from $75.00 to $78.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Finally, Wells Fargo & Company boosted their price target on DT Midstream from $77.00 to $87.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $70.00.

DT Midstream Price Performance

Shares of DTM opened at $76.48 on Thursday. The company has a market capitalization of $7.43 billion, a P/E ratio of 18.65 and a beta of 0.74. DT Midstream, Inc. has a fifty-two week low of $50.54 and a fifty-two week high of $78.83. The business’s 50-day moving average is $73.57 and its two-hundred day moving average is $66.78. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.84 and a current ratio of 0.84.

DT Midstream (NYSE:DTM) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.06. The company had revenue of $244.00 million during the quarter, compared to the consensus estimate of $236.83 million. DT Midstream had a return on equity of 9.45% and a net margin of 42.10%. During the same period in the previous year, the company posted $0.93 earnings per share. Research analysts predict that DT Midstream, Inc. will post 3.96 earnings per share for the current year.

DT Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 16th will be given a dividend of $0.735 per share. The ex-dividend date is Monday, September 16th. This represents a $2.94 dividend on an annualized basis and a yield of 3.84%. DT Midstream’s dividend payout ratio is currently 71.71%.

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.