Hantz Financial Services Inc. Lowers Stock Position in DT Midstream, Inc. (NYSE:DTM)

Hantz Financial Services Inc. cut its position in shares of DT Midstream, Inc. (NYSE:DTM) by 3.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,721 shares of the company’s stock after selling 308 shares during the quarter. Hantz Financial Services Inc.’s holdings in DT Midstream were worth $686,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. boosted its stake in shares of DT Midstream by 324.3% in the 3rd quarter. UMB Bank n.a. now owns 314 shares of the company’s stock worth $25,000 after buying an additional 240 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in DT Midstream in the third quarter worth $29,000. Family Firm Inc. bought a new position in DT Midstream in the 2nd quarter valued at $26,000. First Command Advisory Services Inc. purchased a new stake in shares of DT Midstream during the 2nd quarter valued at $31,000. Finally, American National Bank raised its stake in shares of DT Midstream by 100.0% during the 2nd quarter. American National Bank now owns 468 shares of the company’s stock worth $33,000 after purchasing an additional 234 shares during the period. 81.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on DTM shares. Stifel Nicolaus downgraded shares of DT Midstream from a “buy” rating to a “hold” rating and raised their price objective for the stock from $78.00 to $89.00 in a report on Wednesday, October 30th. Citigroup raised shares of DT Midstream from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $90.00 to $115.00 in a report on Thursday, November 21st. JPMorgan Chase & Co. increased their price objective on DT Midstream from $78.00 to $83.00 and gave the company a “neutral” rating in a report on Friday, October 4th. Morgan Stanley boosted their target price on DT Midstream from $82.00 to $92.00 and gave the company an “underweight” rating in a research note on Friday, October 25th. Finally, Barclays increased their price target on DT Midstream from $85.00 to $92.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $84.78.

DT Midstream Stock Performance

Shares of DTM opened at $106.12 on Monday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market capitalization of $10.31 billion, a price-to-earnings ratio of 25.82 and a beta of 0.71. DT Midstream, Inc. has a 52-week low of $51.17 and a 52-week high of $109.85. The stock’s 50-day simple moving average is $91.23 and its 200 day simple moving average is $78.72.

DT Midstream (NYSE:DTM) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.05). The firm had revenue of $248.00 million during the quarter, compared to the consensus estimate of $242.64 million. DT Midstream had a net margin of 41.19% and a return on equity of 9.31%. During the same quarter last year, the business posted $0.94 earnings per share. Research analysts forecast that DT Midstream, Inc. will post 3.85 EPS for the current fiscal year.

DT Midstream Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th will be issued a $0.735 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.94 annualized dividend and a dividend yield of 2.77%. DT Midstream’s payout ratio is currently 71.53%.

About DT Midstream

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.