Natixis Advisors LLC Increases Stock Position in DT Midstream, Inc. (NYSE:DTM)

Natixis Advisors LLC grew its stake in DT Midstream, Inc. (NYSE:DTM) by 17.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 22,212 shares of the company’s stock after acquiring an additional 3,270 shares during the period. Natixis Advisors LLC’s holdings in DT Midstream were worth $1,578,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Family Firm Inc. purchased a new stake in DT Midstream in the second quarter valued at approximately $26,000. Mather Group LLC. purchased a new stake in shares of DT Midstream in the 1st quarter valued at $29,000. First Command Advisory Services Inc. purchased a new position in DT Midstream during the 2nd quarter valued at about $31,000. ICA Group Wealth Management LLC purchased a new position in DT Midstream during the 4th quarter valued at about $32,000. Finally, American National Bank grew its position in DT Midstream by 100.0% in the 2nd quarter. American National Bank now owns 468 shares of the company’s stock valued at $33,000 after acquiring an additional 234 shares in the last quarter. 81.53% of the stock is currently owned by institutional investors and hedge funds.

DT Midstream Stock Up 0.1 %

Shares of NYSE DTM opened at $74.79 on Wednesday. The business has a 50-day moving average of $73.96 and a two-hundred day moving average of $67.39. The company has a market capitalization of $7.26 billion, a price-to-earnings ratio of 18.24 and a beta of 0.74. DT Midstream, Inc. has a 1 year low of $50.88 and a 1 year high of $78.83. 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 (NYSE:DTM) last posted its earnings results on Tuesday, July 30th. The company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.06. The firm had revenue of $244.00 million during the quarter, compared to analysts’ expectations of $236.83 million. DT Midstream had a return on equity of 9.45% and a net margin of 42.10%. During the same quarter in the previous year, the business earned $0.93 earnings per share. On average, analysts forecast that DT Midstream, Inc. will post 3.96 earnings per share for the current fiscal year.

DT Midstream Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 16th will be issued a $0.735 dividend. This represents a $2.94 annualized dividend and a dividend yield of 3.93%. The ex-dividend date is Monday, September 16th. DT Midstream’s payout ratio is 71.71%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DTM. Barclays raised their price objective on shares of DT Midstream from $66.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. JPMorgan Chase & Co. boosted their price target on shares of DT Midstream from $75.00 to $78.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Citigroup increased their price objective on DT Midstream from $62.00 to $76.00 and gave the company a “neutral” rating in a research note on Wednesday, September 4th. Wells Fargo & Company boosted their target price on DT Midstream from $77.00 to $87.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Finally, Stifel Nicolaus increased their price target on DT Midstream from $70.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, DT Midstream currently has a consensus rating of “Hold” and a consensus price target of $70.75.

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.