Stifel Financial Corp Boosts Stock Holdings in DT Midstream, Inc. (NYSE:DTM)

Stifel Financial Corp grew its stake in shares of DT Midstream, Inc. (NYSE:DTM) by 41.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 65,780 shares of the company’s stock after buying an additional 19,297 shares during the period. Stifel Financial Corp owned 0.07% of DT Midstream worth $5,174,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. UMB Bank n.a. raised its holdings in DT Midstream by 324.3% in the third quarter. UMB Bank n.a. now owns 314 shares of the company’s stock valued at $25,000 after buying an additional 240 shares during the period. Family Firm Inc. purchased a new position in shares of DT Midstream in the 2nd quarter valued at $26,000. V Square Quantitative Management LLC acquired a new position in shares of DT Midstream during the 3rd quarter valued at $29,000. First Command Advisory Services Inc. purchased a new stake in DT Midstream during the 2nd quarter worth $31,000. Finally, American National Bank increased its holdings 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 purchasing 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 Performance

Shares of DTM stock opened at $100.62 on Friday. The stock has a market capitalization of $9.78 billion, a price-to-earnings ratio of 24.48 and a beta of 0.77. DT Midstream, Inc. has a one year low of $51.17 and a one year high of $109.85. The company’s 50-day simple moving average is $95.53 and its 200-day simple moving average is $81.17. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 0.95.

DT Midstream (NYSE:DTM) last released its earnings results on Tuesday, October 29th. The company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.05). DT Midstream had a return on equity of 9.31% and a net margin of 41.19%. The firm had revenue of $248.00 million for the quarter, compared to the consensus estimate of $242.64 million. During the same period in the prior year, the business earned $0.94 EPS. Equities analysts anticipate that DT Midstream, Inc. will post 3.84 earnings per share for the current fiscal year.

DT Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th will be paid a dividend of $0.735 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.94 annualized dividend and a yield of 2.92%. DT Midstream’s payout ratio is 71.53%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on DTM shares. JPMorgan Chase & Co. upped their target price on DT Midstream from $78.00 to $83.00 and gave the stock a “neutral” rating in a research report on Friday, October 4th. Stifel Nicolaus downgraded shares of DT Midstream from a “buy” rating to a “hold” rating and increased their price objective for the company from $78.00 to $89.00 in a research report on Wednesday, October 30th. Morgan Stanley boosted their target price on shares of DT Midstream from $82.00 to $92.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. Barclays raised their price target on shares of DT Midstream from $85.00 to $92.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Finally, Citigroup raised shares of DT Midstream from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $90.00 to $115.00 in a research note on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $84.78.

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.