2,125 Shares in DT Midstream, Inc. (NYSE:DTM) Bought by Strategy Asset Managers LLC

Strategy Asset Managers LLC bought a new position in DT Midstream, Inc. (NYSE:DTM) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,125 shares of the company’s stock, valued at approximately $211,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Pictet Asset Management Holding SA lifted its position in shares of DT Midstream by 1,576.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 209,977 shares of the company’s stock worth $20,878,000 after purchasing an additional 197,449 shares during the last quarter. Duff & Phelps Investment Management Co. increased its position in DT Midstream by 43.4% in the 4th quarter. Duff & Phelps Investment Management Co. now owns 388,578 shares of the company’s stock worth $38,636,000 after buying an additional 117,511 shares during the period. New Age Alpha Advisors LLC acquired a new position in shares of DT Midstream during the fourth quarter worth approximately $2,318,000. Norges Bank bought a new stake in shares of DT Midstream in the fourth quarter valued at approximately $119,520,000. Finally, Blair William & Co. IL grew its stake in shares of DT Midstream by 6.9% in the fourth quarter. Blair William & Co. IL now owns 6,515 shares of the company’s stock worth $648,000 after acquiring an additional 420 shares during the last quarter. Institutional investors and hedge funds own 81.53% of the company’s stock.

DT Midstream Stock Down 0.1 %

Shares of NYSE DTM opened at $96.89 on Friday. The business has a fifty day moving average of $99.03 and a two-hundred day moving average of $95.90. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 0.95. DT Midstream, Inc. has a 52-week low of $60.54 and a 52-week high of $114.50. The stock has a market cap of $9.84 billion, a PE ratio of 23.57 and a beta of 0.80.

DT Midstream Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 3.39%. This is a boost from DT Midstream’s previous quarterly dividend of $0.74. The ex-dividend date of this dividend is Monday, March 17th. DT Midstream’s dividend payout ratio is currently 91.11%.

Analyst Upgrades and Downgrades

Several research firms recently commented on DTM. JPMorgan Chase & Co. upped their target price on shares of DT Midstream from $109.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. Wells Fargo & Company cut their price objective on shares of DT Midstream from $118.00 to $108.00 and set an “overweight” rating for the company in a research report on Friday, February 28th. UBS Group lifted their target price on DT Midstream from $102.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday. Williams Trading set a $110.00 price target on DT Midstream in a report on Monday, March 24th. Finally, Bank of America started coverage on DT Midstream in a research report on Monday, March 24th. They issued a “buy” rating and a $110.00 price objective for the company. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, DT Midstream currently has an average rating of “Hold” and an average target price of $105.08.

Insider Transactions at DT Midstream

In other DT Midstream news, Director Robert C. Skaggs, Jr. bought 1,000 shares of the stock in a transaction dated Monday, March 10th. The stock was bought at an average cost of $86.92 per share, for a total transaction of $86,920.00. Following the completion of the purchase, the director now owns 38,653 shares in the company, valued at $3,359,718.76. This represents a 2.66 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders bought 1,170 shares of company stock valued at $103,357. Corporate insiders own 0.21% of the company’s stock.

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.