GSA Capital Partners LLP Increases Holdings in DT Midstream, Inc. (NYSE:DTM)

GSA Capital Partners LLP raised its stake in DT Midstream, Inc. (NYSE:DTM) by 31.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,209 shares of the company’s stock after acquiring an additional 6,575 shares during the period. GSA Capital Partners LLP’s holdings in DT Midstream were worth $2,140,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Ashton Thomas Securities LLC purchased a new stake in DT Midstream during the 3rd quarter valued at about $56,000. Crossmark Global Holdings Inc. lifted its stake in shares of DT Midstream by 18.9% in the third quarter. Crossmark Global Holdings Inc. now owns 9,138 shares of the company’s stock worth $719,000 after buying an additional 1,452 shares in the last quarter. Covestor Ltd grew its holdings in shares of DT Midstream by 65.0% during the third quarter. Covestor Ltd now owns 3,160 shares of the company’s stock valued at $248,000 after buying an additional 1,245 shares during the last quarter. Atria Investments Inc bought a new stake in shares of DT Midstream during the third quarter valued at approximately $666,000. Finally, Lindbrook Capital LLC raised its holdings in DT Midstream by 49.9% in the 3rd quarter. Lindbrook Capital LLC now owns 13,556 shares of the company’s stock worth $1,066,000 after acquiring an additional 4,510 shares during the last quarter. 81.53% of the stock is currently owned by institutional investors.

DT Midstream Stock Performance

Shares of NYSE DTM opened at $99.82 on Tuesday. DT Midstream, Inc. has a 12-month low of $51.17 and a 12-month high of $100.97. The firm has a market capitalization of $9.70 billion, a price-to-earnings ratio of 24.29 and a beta of 0.71. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61. The firm has a 50 day moving average of $83.54 and a 200 day moving average of $74.89.

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

DT Midstream Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th will be paid a $0.735 dividend. This represents a $2.94 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend is Monday, December 16th. DT Midstream’s dividend payout ratio (DPR) is currently 71.53%.

Wall Street Analyst Weigh In

DTM has been the subject of a number of research analyst reports. Citigroup lifted their target price on DT Midstream from $62.00 to $76.00 and gave the stock a “neutral” rating in a report on Wednesday, September 4th. JPMorgan Chase & Co. lifted their price objective on DT Midstream from $78.00 to $83.00 and gave the stock a “neutral” rating in a report on Friday, October 4th. Barclays upped their target price on shares of DT Midstream from $85.00 to $92.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Wells Fargo & Company lifted their price target on shares of DT Midstream from $87.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group increased their price objective on shares of DT Midstream from $66.00 to $74.00 and gave the company a “sell” rating in a research report on Tuesday, November 5th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $80.44.

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.