Amalgamated Bank Has $4.62 Million Position in DT Midstream, Inc. (NYSE:DTM)

Amalgamated Bank increased its position in shares of DT Midstream, Inc. (NYSE:DTM) by 0.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 46,496 shares of the company’s stock after acquiring an additional 193 shares during the period. Amalgamated Bank’s holdings in DT Midstream were worth $4,623,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in DTM. Wilmington Savings Fund Society FSB acquired a new position in DT Midstream in the third quarter valued at approximately $29,000. AdvisorNet Financial Inc raised its position in DT Midstream by 106.7% in the 4th quarter. AdvisorNet Financial Inc now owns 310 shares of the company’s stock valued at $31,000 after buying an additional 160 shares during the last quarter. Sound Income Strategies LLC raised its holdings in shares of DT Midstream by 93.7% in the fourth quarter. Sound Income Strategies LLC now owns 337 shares of the company’s stock valued at $34,000 after purchasing an additional 163 shares during the last quarter. Brooklyn Investment Group bought a new stake in DT Midstream in the 3rd quarter worth about $40,000. Finally, UMB Bank n.a. increased its stake in DT Midstream by 53.2% in the 4th quarter. UMB Bank n.a. now owns 481 shares of the company’s stock valued at $48,000 after buying an additional 167 shares during the last quarter. Institutional investors and hedge funds own 81.53% of the company’s stock.

Wall Street Analyst Weigh In

DTM has been the topic of a number of research analyst reports. Raymond James boosted their target price on DT Midstream from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. The Goldman Sachs Group lifted their price objective on DT Midstream from $74.00 to $94.00 and gave the stock a “sell” rating in a report on Thursday, December 19th. JPMorgan Chase & Co. increased their target price on DT Midstream from $109.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. Stifel Nicolaus lowered their target price on shares of DT Midstream from $106.00 to $102.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Wells Fargo & Company boosted their price objective on DT Midstream from $87.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $101.11.

DT Midstream Stock Performance

Shares of NYSE DTM opened at $92.92 on Friday. DT Midstream, Inc. has a 12-month low of $56.60 and a 12-month high of $114.50. The firm has a 50 day moving average of $102.73 and a 200 day moving average of $92.95. 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 firm has a market capitalization of $9.03 billion, a price-to-earnings ratio of 22.61 and a beta of 0.79.

DT Midstream Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 17th will be given a dividend of $0.82 per share. The ex-dividend date is Monday, March 17th. This represents a $3.28 annualized dividend and a dividend yield of 3.53%. This is a boost from DT Midstream’s previous quarterly dividend of $0.74. DT Midstream’s dividend payout ratio (DPR) is currently 71.53%.

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.