DT Midstream, Inc. (NYSE:DTM) Stock Holdings Trimmed by Shelton Capital Management

Shelton Capital Management lessened its position in shares of DT Midstream, Inc. (NYSE:DTM) by 4.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,659 shares of the company’s stock after selling 152 shares during the period. Shelton Capital Management’s holdings in DT Midstream were worth $364,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in DTM. Captrust Financial Advisors lifted its stake in DT Midstream by 5.7% during the third quarter. Captrust Financial Advisors now owns 5,698 shares of the company’s stock worth $448,000 after purchasing an additional 309 shares during the last quarter. Quantinno Capital Management LP acquired a new stake in shares of DT Midstream during the third quarter worth $284,000. Stifel Financial Corp lifted its position in shares of DT Midstream by 41.5% in the 3rd quarter. Stifel Financial Corp now owns 65,780 shares of the company’s stock worth $5,174,000 after buying an additional 19,297 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of DT Midstream by 225.4% in the 3rd quarter. Wellington Management Group LLP now owns 145,556 shares of the company’s stock valued at $11,449,000 after buying an additional 100,825 shares during the period. Finally, MML Investors Services LLC bought a new stake in shares of DT Midstream during the 3rd quarter valued at about $558,000. Institutional investors and hedge funds own 81.53% of the company’s stock.

Insider Activity at DT Midstream

In other news, Director Robert C. Skaggs, Jr. bought 1,000 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was acquired at an average price of $86.92 per share, with a total value of $86,920.00. Following the completion of the purchase, the director now directly owns 38,653 shares of the company’s stock, valued at $3,359,718.76. This represents a 2.66 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have purchased 1,170 shares of company stock worth $103,357 over the last quarter. 0.04% of the stock is currently owned by company insiders.

DT Midstream Stock Performance

Shares of DTM opened at $90.03 on Friday. The firm has a market capitalization of $9.15 billion, a PE ratio of 21.90 and a beta of 0.77. 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 firm has a 50-day moving average price of $96.11 and a 200 day moving average price of $96.94. DT Midstream, Inc. has a 52-week low of $61.01 and a 52-week high of $114.50.

DT Midstream Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be issued a $0.82 dividend. The ex-dividend date of this dividend is Monday, March 17th. This is a boost from DT Midstream’s previous quarterly dividend of $0.74. This represents a $3.28 annualized dividend and a dividend yield of 3.64%. DT Midstream’s dividend payout ratio (DPR) is 91.11%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Stifel Nicolaus cut their target price on shares of DT Midstream from $106.00 to $102.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Barclays cut their price target on DT Midstream from $112.00 to $107.00 and set an “equal weight” rating on the stock in a report on Friday, March 21st. JPMorgan Chase & Co. upped their price objective on DT Midstream from $109.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, January 24th. Bank of America started coverage on DT Midstream in a research note on Monday, March 24th. They issued a “buy” rating and a $110.00 target price on the stock. Finally, Morgan Stanley upped their price target on shares of DT Midstream from $92.00 to $105.00 and gave the stock an “underweight” rating in a research report on Tuesday, March 25th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $105.08.

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.