Lindbrook Capital LLC Raises Stock Holdings in DT Midstream, Inc. (NYSE:DTM)

Lindbrook Capital LLC grew its stake in shares of DT Midstream, Inc. (NYSE:DTM) by 49.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,556 shares of the company’s stock after buying an additional 4,510 shares during the period. Lindbrook Capital LLC’s holdings in DT Midstream were worth $1,066,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in DTM. UMB Bank n.a. lifted its holdings in DT Midstream by 324.3% during the third quarter. UMB Bank n.a. now owns 314 shares of the company’s stock valued at $25,000 after purchasing an additional 240 shares in the last quarter. Family Firm Inc. bought a new stake in shares of DT Midstream during the 2nd quarter valued at $26,000. V Square Quantitative Management LLC purchased a new position in shares of DT Midstream during the 3rd quarter valued at $29,000. First Command Advisory Services Inc. bought a new position in DT Midstream in the 2nd quarter worth $31,000. Finally, American National Bank increased its stake in DT Midstream by 100.0% in the 2nd quarter. American National Bank now owns 468 shares of the company’s stock worth $33,000 after buying an additional 234 shares in the last quarter. 81.53% of the stock is currently owned by institutional investors.

DT Midstream Stock Performance

DT Midstream stock opened at $97.89 on Friday. The company’s 50-day moving average price is $83.11 and its 200-day moving average price is $74.57. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.61. The company has a market cap of $9.51 billion, a PE ratio of 23.82 and a beta of 0.71. DT Midstream, Inc. has a twelve month low of $51.17 and a twelve month high of $98.14.

DT Midstream (NYSE:DTM) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.05). The company had revenue of $248.00 million for the quarter, compared to the consensus estimate of $242.64 million. DT Midstream had a return on equity of 9.31% and a net margin of 41.19%. During the same period in the previous year, the firm earned $0.94 earnings per share. On average, equities research analysts forecast that DT Midstream, Inc. will post 3.96 EPS for the current fiscal year.

DT Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 16th will be issued a dividend of $0.735 per share. The ex-dividend date is Monday, December 16th. This represents a $2.94 annualized dividend and a yield of 3.00%. DT Midstream’s payout ratio is presently 71.53%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on DTM shares. Barclays upped their price objective on DT Midstream from $85.00 to $92.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Citigroup increased their price objective on shares of DT Midstream from $62.00 to $76.00 and gave the company a “neutral” rating in a report on Wednesday, September 4th. Wells Fargo & Company boosted their target price on shares of DT Midstream from $87.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Morgan Stanley raised their target price on shares of DT Midstream from $82.00 to $92.00 and gave the company an “underweight” rating in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. boosted their price target on shares of DT Midstream from $78.00 to $83.00 and gave the stock a “neutral” rating in a research note on Friday, October 4th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, DT Midstream presently has a consensus rating of “Hold” and a consensus target price of $80.44.

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.