DT Midstream, Inc. (NYSE:DTM) Shares Sold by Amundi

Amundi trimmed its position in DT Midstream, Inc. (NYSE:DTM) by 66.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 16,626 shares of the company’s stock after selling 32,872 shares during the period. Amundi’s holdings in DT Midstream were worth $1,758,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. FMR LLC increased its stake in DT Midstream by 1,476.9% during the third quarter. FMR LLC now owns 805,950 shares of the company’s stock worth $63,396,000 after acquiring an additional 754,839 shares during the last quarter. Brookfield Corp ON grew its holdings in shares of DT Midstream by 171.3% during the 3rd quarter. Brookfield Corp ON now owns 1,038,501 shares of the company’s stock worth $81,689,000 after purchasing an additional 655,695 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of DT Midstream by 30.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,156,598 shares of the company’s stock worth $90,978,000 after purchasing an additional 267,269 shares during the last quarter. Bahl & Gaynor Inc. purchased a new stake in DT Midstream in the 4th quarter valued at about $21,475,000. Finally, State Street Corp lifted its position in DT Midstream by 6.4% in the third quarter. State Street Corp now owns 3,385,579 shares of the company’s stock valued at $268,757,000 after buying an additional 202,447 shares during the last quarter. Hedge funds and other institutional investors own 81.53% of the company’s stock.

DT Midstream Trading Up 1.0 %

DTM opened at $96.72 on Tuesday. The business has a fifty day moving average price of $100.66 and a 200 day moving average price of $94.65. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.95 and a quick ratio of 0.95. DT Midstream, Inc. has a 12 month low of $57.45 and a 12 month high of $114.50. The stock has a market capitalization of $9.80 billion, a price-to-earnings ratio of 23.53 and a beta of 0.80.

DT Midstream Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be given a dividend of $0.82 per share. The ex-dividend date of this dividend is Monday, March 17th. This is an increase from DT Midstream’s previous quarterly dividend of $0.74. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.39%. DT Midstream’s payout ratio is currently 91.11%.

Analyst Upgrades and Downgrades

DTM has been the subject of a number of recent analyst reports. Barclays started coverage on shares of DT Midstream in a research report on Friday, January 10th. They set an “equal weight” rating and a $112.00 price target for the company. JPMorgan Chase & Co. lifted their target price on shares of DT Midstream from $109.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, January 24th. UBS Group began coverage on DT Midstream in a research note on Wednesday, March 12th. They set a “buy” rating and a $102.00 price target on the stock. Raymond James lifted their price objective on DT Midstream from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Finally, Wells Fargo & Company decreased their target price on DT Midstream from $118.00 to $108.00 and set an “overweight” rating on the stock in a research note on Friday, February 28th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, DT Midstream presently has a consensus rating of “Hold” and an average target price of $102.00.

Insider Buying and Selling

In other news, Director Robert C. Skaggs, Jr. purchased 1,000 shares of the stock in a transaction on Monday, March 10th. The stock was bought at an average price of $86.92 per share, for a total transaction of $86,920.00. Following the acquisition, the director now directly owns 38,653 shares of the company’s stock, valued at approximately $3,359,718.76. The trade was a 2.66 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders have bought 1,170 shares of company stock worth $103,357. Company insiders own 0.04% of the company’s stock.

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.