7,165 Shares in DT Midstream, Inc. (NYSE:DTM) Purchased by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. purchased a new stake in shares of DT Midstream, Inc. (NYSE:DTM) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 7,165 shares of the company’s stock, valued at approximately $564,000.

Several other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. boosted its position in shares of DT Midstream by 324.3% during 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 during the last quarter. Family Firm Inc. purchased a new stake in DT Midstream during the second quarter valued at $26,000. V Square Quantitative Management LLC bought a new position in DT Midstream during the third quarter valued at $29,000. First Command Advisory Services Inc. purchased a new position in shares of DT Midstream in the 2nd quarter worth $31,000. Finally, American National Bank grew its stake in shares of DT Midstream by 100.0% in the 2nd quarter. American National Bank now owns 468 shares of the company’s stock worth $33,000 after buying an additional 234 shares in the last quarter. Hedge funds and other institutional investors own 81.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Barclays increased their price target on shares of DT Midstream from $85.00 to $92.00 and gave the company an “overweight” rating in a report on Monday, November 4th. The Goldman Sachs Group raised their price objective on DT Midstream from $66.00 to $74.00 and gave the company a “sell” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. boosted their target price on DT Midstream from $78.00 to $83.00 and gave the company a “neutral” rating in a research report on Friday, October 4th. Wells Fargo & Company raised their price target on DT Midstream from $87.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Finally, Morgan Stanley boosted their price objective on shares of DT Midstream from $82.00 to $92.00 and gave the company an “underweight” rating in a research report on Friday, October 25th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, DT Midstream has an average rating of “Hold” and an average price target of $84.78.

DT Midstream Stock Up 1.0 %

NYSE:DTM opened at $106.75 on Wednesday. The company has a market cap of $10.37 billion, a price-to-earnings ratio of 25.97 and a beta of 0.71. DT Midstream, Inc. has a twelve month low of $51.17 and a twelve month high of $109.85. 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 fifty day simple moving average of $88.93 and a 200-day simple moving average of $77.67.

DT Midstream (NYSE:DTM) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.05). The company had revenue of $248.00 million for the quarter, compared to the consensus estimate of $242.64 million. DT Midstream had a net margin of 41.19% and a return on equity of 9.31%. During the same quarter in the previous year, the business earned $0.94 EPS. Analysts anticipate that DT Midstream, Inc. will post 3.96 EPS for the current year.

DT Midstream Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 16th will be issued a $0.735 dividend. The ex-dividend date is Monday, December 16th. This represents a $2.94 dividend on an annualized basis and a dividend yield of 2.75%. DT Midstream’s payout ratio is 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.