EAM Global Investors LLC Invests $4.81 Million in DT Midstream, Inc. (NYSE:DTM)

EAM Global Investors LLC acquired a new stake in DT Midstream, Inc. (NYSE:DTM) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 48,361 shares of the company’s stock, valued at approximately $4,809,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in shares of DT Midstream during the 3rd quarter valued at $29,000. Bessemer Group Inc. grew its stake in shares of DT Midstream by 61.6% during the fourth quarter. Bessemer Group Inc. now owns 307 shares of the company’s stock worth $30,000 after purchasing an additional 117 shares during the period. AdvisorNet Financial Inc increased its holdings in DT Midstream by 106.7% in the fourth quarter. AdvisorNet Financial Inc now owns 310 shares of the company’s stock valued at $31,000 after purchasing an additional 160 shares during the last quarter. Sound Income Strategies LLC lifted its stake in 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 buying an additional 163 shares during the period. Finally, UMB Bank n.a. boosted its holdings in DT Midstream by 53.2% during the fourth quarter. UMB Bank n.a. now owns 481 shares of the company’s stock worth $48,000 after buying an additional 167 shares during the last quarter. 81.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DTM has been the subject of a number of recent analyst reports. Barclays lowered their price target on DT Midstream from $107.00 to $102.00 and set an “equal weight” rating for the company in a research note on Friday, April 11th. Raymond James upped their target price on shares of DT Midstream from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. The Goldman Sachs Group lifted their price target on shares of DT Midstream from $74.00 to $94.00 and gave the stock a “sell” rating in a research report on Thursday, December 19th. Stifel Nicolaus lowered their price objective on shares of DT Midstream from $106.00 to $102.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Finally, Wells Fargo & Company reduced their target price on DT Midstream from $118.00 to $108.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $104.67.

Insider Buying and Selling at DT Midstream

In other DT Midstream news, Director Robert C. Skaggs, Jr. acquired 1,000 shares of the stock in a transaction dated Monday, March 10th. The shares were bought at an average cost of $86.92 per share, for a total transaction of $86,920.00. Following the completion of the acquisition, the director now directly owns 38,653 shares of the company’s stock, valued at approximately $3,359,718.76. This trade represents a 2.66 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders have bought 1,170 shares of company stock worth $103,357. Corporate insiders own 0.04% of the company’s stock.

DT Midstream Price Performance

DTM stock opened at $95.40 on Wednesday. The stock has a 50-day moving average price of $95.64 and a two-hundred day moving average price of $97.26. DT Midstream, Inc. has a 1 year low of $61.01 and a 1 year high of $114.50. The stock has a market cap of $9.69 billion, a PE ratio of 23.21 and a beta of 0.77. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61.

DT Midstream Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 17th were given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date of this dividend was Monday, March 17th. This is a positive change from DT Midstream’s previous quarterly dividend of $0.74. DT Midstream’s dividend payout ratio (DPR) is currently 91.11%.

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.