DT Midstream, Inc. (NYSE:DTM) Shares Sold by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. trimmed its position in DT Midstream, Inc. (NYSE:DTM) by 1.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 525,625 shares of the company’s stock after selling 5,733 shares during the quarter. Westwood Holdings Group Inc. owned about 0.54% of DT Midstream worth $32,116,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of DTM. SG Americas Securities LLC raised its position in DT Midstream by 101.3% during the 4th quarter. SG Americas Securities LLC now owns 6,618 shares of the company’s stock worth $363,000 after buying an additional 3,330 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of DT Midstream by 7.9% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 20,154 shares of the company’s stock worth $1,104,000 after purchasing an additional 1,475 shares during the last quarter. Blue Trust Inc. lifted its position in DT Midstream by 28.3% during the fourth quarter. Blue Trust Inc. now owns 992 shares of the company’s stock valued at $53,000 after purchasing an additional 219 shares during the period. International Assets Investment Management LLC purchased a new stake in DT Midstream in the fourth quarter valued at $815,000. Finally, Nisa Investment Advisors LLC grew its position in DT Midstream by 6.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 16,670 shares of the company’s stock worth $914,000 after purchasing an additional 1,005 shares during the period. Institutional investors and hedge funds own 81.53% of the company’s stock.

DT Midstream Price Performance

Shares of DTM traded down $2.01 during mid-day trading on Friday, hitting $72.85. 674,783 shares of the company were exchanged, compared to its average volume of 759,034. The stock has a market cap of $7.07 billion, a price-to-earnings ratio of 17.77 and a beta of 0.74. DT Midstream, Inc. has a 1-year low of $50.54 and a 1-year high of $76.35. The company has a 50 day moving average of $70.40 and a 200-day moving average of $63.19. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.71 and a current ratio of 0.84.

DT Midstream (NYSE:DTM) last released its earnings results on Tuesday, July 30th. The company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.06. DT Midstream had a return on equity of 9.45% and a net margin of 42.10%. The business had revenue of $244.00 million for the quarter, compared to the consensus estimate of $236.83 million. During the same quarter last year, the business posted $0.93 earnings per share. Analysts expect that DT Midstream, Inc. will post 3.9 EPS for the current fiscal year.

DT Midstream Announces Dividend

The firm 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 dividend of $0.735 per share. This represents a $2.94 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date is Monday, September 16th. DT Midstream’s payout ratio is 71.71%.

Analyst Upgrades and Downgrades

Several research firms recently commented on DTM. JPMorgan Chase & Co. raised their target price on DT Midstream from $75.00 to $78.00 and gave the stock a “neutral” rating in a report on Friday. US Capital Advisors cut shares of DT Midstream from an “overweight” rating to a “hold” rating in a research note on Monday, April 29th. Stifel Nicolaus boosted their target price on shares of DT Midstream from $70.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday. Mizuho raised their price target on shares of DT Midstream from $57.00 to $65.00 and gave the company a “neutral” rating in a research report on Monday, April 29th. Finally, Barclays upped their price objective on shares of DT Midstream from $66.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $70.00.

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.