Oliver Lagore Vanvalin Investment Group Decreases Stake in DT Midstream, Inc. (NYSE:DTM)

Oliver Lagore Vanvalin Investment Group decreased its position in DT Midstream, Inc. (NYSE:DTM) by 18.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,906 shares of the company’s stock after selling 420 shares during the period. Oliver Lagore Vanvalin Investment Group’s holdings in DT Midstream were worth $104,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of DTM. Geneos Wealth Management Inc. bought a new position in shares of DT Midstream during the 1st quarter valued at approximately $30,000. Chilton Capital Management LLC bought a new position in shares of DT Midstream during the 1st quarter valued at approximately $39,000. First Horizon Advisors Inc. grew its position in shares of DT Midstream by 192.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 947 shares of the company’s stock valued at $50,000 after acquiring an additional 623 shares during the period. Blue Trust Inc. boosted its holdings in DT Midstream by 28.3% in the 4th quarter. Blue Trust Inc. now owns 992 shares of the company’s stock worth $53,000 after buying an additional 219 shares during the period. Finally, ICA Group Wealth Management LLC bought a new position in DT Midstream in the 4th quarter worth approximately $59,000. 81.53% of the stock is owned by institutional investors.

DT Midstream Stock Performance

NYSE DTM opened at $62.75 on Friday. DT Midstream, Inc. has a 1 year low of $45.10 and a 1 year high of $64.19. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.63 and a quick ratio of 0.63. The stock has a market capitalization of $6.09 billion, a PE ratio of 15.89 and a beta of 0.73. The company’s 50 day simple moving average is $58.71 and its two-hundred day simple moving average is $56.10.

DT Midstream (NYSE:DTM) last posted its earnings results on Friday, February 16th. The company reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.32. DT Midstream had a net margin of 41.65% and a return on equity of 9.11%. The business had revenue of $244.00 million for the quarter, compared to analysts’ expectations of $235.19 million. During the same period in the prior year, the company posted $0.93 EPS. Analysts predict that DT Midstream, Inc. will post 3.86 earnings per share for the current fiscal year.

DT Midstream Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, March 18th were paid a $0.735 dividend. The ex-dividend date was Friday, March 15th. This is a boost from DT Midstream’s previous quarterly dividend of $0.69. This represents a $2.94 annualized dividend and a yield of 4.69%. DT Midstream’s dividend payout ratio is currently 74.43%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on DTM shares. Wolfe Research raised shares of DT Midstream from an “underperform” rating to a “peer perform” rating in a report on Tuesday, February 20th. Mizuho reaffirmed a “neutral” rating and issued a $57.00 price objective (down from $58.00) on shares of DT Midstream in a report on Friday, January 5th. Finally, Barclays raised their price objective on shares of DT Midstream from $59.00 to $66.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $58.50.

Insiders Place Their Bets

In related news, Director Robert C. Skaggs, Jr. acquired 1,000 shares of the stock in a transaction dated Monday, February 26th. The shares were purchased at an average price of $56.87 per share, for a total transaction of $56,870.00. Following the transaction, the director now owns 37,289 shares in the company, valued at approximately $2,120,625.43. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.04% of the company’s stock.

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.