DT Midstream, Inc. (NYSE:DTM) Stock Holdings Trimmed by Nisa Investment Advisors LLC

Posted by on Apr 28th, 2023

Nisa Investment Advisors LLC reduced its position in DT Midstream, Inc. (NYSE:DTM – Get Rating) by 3.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,673 shares of the company’s stock after selling 500 shares during the quarter. Nisa Investment Advisors LLC’s holdings in DT Midstream were worth $866,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DTM. Alliancebernstein L.P. increased its holdings in DT Midstream by 681.9% in the third quarter. Alliancebernstein L.P. now owns 1,157,862 shares of the company’s stock valued at $60,081,000 after buying an additional 1,009,786 shares during the last quarter. Cardinal Capital Management LLC CT grew its holdings in shares of DT Midstream by 45.6% during the third quarter. Cardinal Capital Management LLC CT now owns 1,894,320 shares of the company’s stock valued at $98,296,000 after purchasing an additional 593,200 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of DT Midstream by 129.8% during the first quarter. First Trust Advisors LP now owns 971,324 shares of the company’s stock valued at $52,704,000 after purchasing an additional 548,645 shares during the last quarter. Citadel Advisors LLC grew its holdings in DT Midstream by 83.5% in the 3rd quarter. Citadel Advisors LLC now owns 1,128,642 shares of the company’s stock worth $58,565,000 after buying an additional 513,625 shares in the last quarter. Finally, Capital Research Global Investors grew its holdings in DT Midstream by 43.6% in the 1st quarter. Capital Research Global Investors now owns 1,540,502 shares of the company’s stock worth $83,588,000 after buying an additional 467,413 shares in the last quarter. 78.28% of the stock is owned by institutional investors.

DT Midstream Trading Up 2.0 %

DT Midstream stock opened at $48.23 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.43 and a quick ratio of 0.43. DT Midstream, Inc. has a one year low of $45.58 and a one year high of $61.12. The company’s fifty day moving average price is $49.19 and its two-hundred day moving average price is $53.73. The company has a market capitalization of $4.67 billion, a price-to-earnings ratio of 12.66 and a beta of 0.77.

DT Midstream (NYSE:DTM – Get Rating) last released its quarterly earnings results on Thursday, February 16th. The company reported $0.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.02). DT Midstream had a net margin of 40.22% and a return on equity of 8.27%. The firm had revenue of $243.00 million for the quarter, compared to the consensus estimate of $238.07 million. During the same quarter last year, the company earned $0.89 earnings per share. On average, analysts forecast that DT Midstream, Inc. will post 3.72 earnings per share for the current fiscal year.

DT Midstream Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, April 15th. Shareholders of record on Monday, March 20th were issued a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 5.72%. This is a boost from DT Midstream’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend was Friday, March 17th. DT Midstream’s dividend payout ratio is 72.44%.

Analyst Ratings Changes

DTM has been the subject of a number of recent analyst reports. Mizuho raised DT Midstream from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $60.00 to $59.00 in a report on Thursday, March 2nd. Citigroup raised DT Midstream from a “sell” rating to a “neutral” rating and set a $54.00 price objective for the company in a report on Thursday, February 23rd. Morgan Stanley cut their target price on DT Midstream from $64.00 to $60.00 in a research report on Tuesday. TheStreet downgraded DT Midstream from a “c” rating to a “d” rating in a research report on Wednesday, February 22nd. Finally, Raymond James started coverage on DT Midstream in a research report on Friday, April 21st. They set an “outperform” rating for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, DT Midstream has an average rating of “Hold” and a consensus target price of $57.33.

DT Midstream Company Profile

(Get Rating)

DT Midstream, Inc provides integrated natural gas services in the United States. The company operates through two segments, Pipeline and Gathering. It develops, owns, and operates an integrated portfolio of interstate pipelines, intrastate pipelines, storage systems, lateral pipelines, gathering systems, related treatment plants, and compression and surface facilities.

Featured Stories

Institutional Ownership by Quarter for DT Midstream (NYSE:DTM)

Receive News & Ratings for DT Midstream Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DT Midstream and related companies with MarketBeat.com's FREE daily email newsletter.