Pathstone Holdings LLC Has $1.63 Million Holdings in DT Midstream, Inc. (NYSE:DTM)

Pathstone Holdings LLC lifted its position in shares of DT Midstream, Inc. (NYSE:DTM) by 3.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,679 shares of the company’s stock after purchasing an additional 668 shares during the period. Pathstone Holdings LLC’s holdings in DT Midstream were worth $1,633,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of DTM. Atria Investments Inc bought a new stake in DT Midstream in the 3rd quarter valued at about $666,000. Cetera Investment Advisers boosted its position in shares of DT Midstream by 1,223.2% during the 1st quarter. Cetera Investment Advisers now owns 54,107 shares of the company’s stock valued at $3,306,000 after acquiring an additional 50,018 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in DT Midstream by 15.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 121,876 shares of the company’s stock worth $8,657,000 after buying an additional 16,171 shares in the last quarter. GSA Capital Partners LLP increased its holdings in shares of DT Midstream by 31.9% in the 3rd quarter. GSA Capital Partners LLP now owns 27,209 shares of the company’s stock worth $2,140,000 after buying an additional 6,575 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in DT Midstream by 151.8% during the third quarter. Victory Capital Management Inc. now owns 113,374 shares of the company’s stock valued at $8,918,000 after purchasing an additional 68,350 shares in the last quarter. 81.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

DT Midstream Stock Performance

NYSE:DTM opened at $105.82 on Thursday. DT Midstream, Inc. has a 12-month low of $51.17 and a 12-month high of $109.85. The stock has a 50-day moving average price of $89.51 and a 200 day moving average price of $77.96. 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 stock has a market capitalization of $10.28 billion, a P/E ratio of 25.80 and a beta of 0.71.

DT Midstream (NYSE:DTM) last issued 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 business had revenue of $248.00 million during the quarter, compared to analysts’ expectations 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 business earned $0.94 earnings per share. Equities research analysts forecast that DT Midstream, Inc. will post 3.96 EPS for the current fiscal year.

DT Midstream Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th will be given a $0.735 dividend. The ex-dividend date is Monday, December 16th. This represents a $2.94 annualized dividend and a yield of 2.78%. DT Midstream’s dividend payout ratio (DPR) is 71.53%.

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.