DT Midstream, Inc. (NYSE:DTM) Shares Bought by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB grew its position in DT Midstream, Inc. (NYSE:DTM) by 17.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 696 shares of the company’s stock after purchasing an additional 105 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in DT Midstream were worth $69,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Wellington Management Group LLP raised its stake in DT Midstream by 225.4% in the third 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 in the last quarter. Friedenthal Financial acquired a new stake in shares of DT Midstream during the 4th quarter worth about $764,000. Atria Investments Inc purchased a new stake in DT Midstream during the third quarter worth approximately $666,000. Bridgewater Associates LP boosted its holdings in DT Midstream by 57.6% in the third quarter. Bridgewater Associates LP now owns 185,306 shares of the company’s stock valued at $14,576,000 after purchasing an additional 67,725 shares in the last quarter. Finally, State Street Corp increased its stake in DT Midstream by 6.4% in the third quarter. State Street Corp now owns 3,385,579 shares of the company’s stock valued at $268,757,000 after purchasing an additional 202,447 shares during the last quarter. 81.53% of the stock is owned by hedge funds and other institutional investors.

DT Midstream Price Performance

DT Midstream stock opened at $111.57 on Friday. The business has a 50 day simple moving average of $103.83 and a 200-day simple moving average of $88.19. DT Midstream, Inc. has a 12 month low of $51.17 and a 12 month high of $114.50. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market capitalization of $10.84 billion, a PE ratio of 27.15 and a beta of 0.79.

DT Midstream (NYSE:DTM) last released its earnings results 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 firm had revenue of $248.00 million during the quarter, compared to analyst estimates of $242.64 million. During the same quarter last year, the business posted $0.94 EPS. Equities analysts predict that DT Midstream, Inc. will post 3.84 earnings per share for the current year.

DT Midstream Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th were given a dividend of $0.735 per share. This represents a $2.94 annualized dividend and a yield of 2.64%. The ex-dividend date was Monday, December 16th. DT Midstream’s payout ratio is 71.53%.

Analyst Ratings Changes

Several brokerages recently commented on DTM. 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. The Goldman Sachs Group boosted their target price on DT Midstream from $74.00 to $94.00 and gave the company a “sell” rating in a report on Thursday, December 19th. Citigroup upgraded DT Midstream from a “neutral” rating to a “buy” rating and raised their price target for the stock from $90.00 to $115.00 in a research note on Thursday, November 21st. JPMorgan Chase & Co. boosted their price objective on DT Midstream from $78.00 to $83.00 and gave the company a “neutral” rating in a research note on Friday, October 4th. Finally, Morgan Stanley raised their target price on shares of DT Midstream from $82.00 to $92.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. Two investment 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. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $95.88.

DT Midstream 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.