Brooklyn Investment Group Acquires Shares of 503 DT Midstream, Inc. (NYSE:DTM)

Brooklyn Investment Group acquired a new stake in DT Midstream, Inc. (NYSE:DTM) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 503 shares of the company’s stock, valued at approximately $40,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. increased its position in DT Midstream by 324.3% in the 3rd quarter. UMB Bank n.a. now owns 314 shares of the company’s stock valued at $25,000 after acquiring an additional 240 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in DT Midstream in the 3rd quarter valued at about $29,000. Family Firm Inc. acquired a new stake in DT Midstream in the 2nd quarter valued at about $26,000. First Command Advisory Services Inc. acquired a new stake in DT Midstream in the 2nd quarter valued at about $31,000. Finally, American National Bank increased its position in DT Midstream by 100.0% in the 2nd quarter. American National Bank now owns 468 shares of the company’s stock valued at $33,000 after acquiring an additional 234 shares in the last quarter. Institutional investors and hedge funds own 81.53% of the company’s stock.

DT Midstream Stock Up 0.3 %

DT Midstream stock opened at $106.12 on Friday. The company’s 50 day simple moving average is $90.66 and its 200 day simple moving average is $78.35. DT Midstream, Inc. has a fifty-two week low of $51.17 and a fifty-two week high of $109.85. The firm has a market capitalization of $10.31 billion, a price-to-earnings ratio of 25.82 and a beta of 0.71. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.95 and a quick ratio of 0.95.

DT Midstream (NYSE:DTM) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.90 earnings per share 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 for the quarter, compared to the consensus estimate of $242.64 million. During the same period in the previous year, the business earned $0.94 EPS. As a group, sell-side analysts anticipate that DT Midstream, Inc. will post 3.85 EPS for the current year.

DT Midstream Dividend Announcement

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

Wall Street Analyst Weigh In

DTM has been the topic of several recent research reports. The Goldman Sachs Group raised their target price on shares of DT Midstream from $66.00 to $74.00 and gave the company a “sell” rating in a research note on Tuesday, November 5th. Morgan Stanley raised their target price on shares of DT Midstream from $82.00 to $92.00 and gave the company an “underweight” rating in a research note on Friday, October 25th. Wells Fargo & Company raised their target price on shares of DT Midstream from $87.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Citigroup raised shares of DT Midstream from a “neutral” rating to a “buy” rating and raised their target price for the company from $90.00 to $115.00 in a research note on Thursday, November 21st. Finally, Stifel Nicolaus lowered shares of DT Midstream from a “buy” rating to a “hold” rating and raised their target price for the company from $78.00 to $89.00 in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, DT Midstream has a consensus rating of “Hold” and an average target price of $84.78.

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.