Barclays PLC Purchases 10,074 Shares of DT Midstream, Inc. (NYSE:DTM)

Barclays PLC raised its holdings in shares of DT Midstream, Inc. (NYSE:DTM) by 3.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 283,363 shares of the company’s stock after acquiring an additional 10,074 shares during the quarter. Barclays PLC owned approximately 0.29% of DT Midstream worth $22,289,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. UMB Bank n.a. raised its stake in 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 purchasing an additional 240 shares during the period. Family Firm Inc. purchased a new stake in DT Midstream during the 2nd quarter valued at approximately $26,000. V Square Quantitative Management LLC bought a new stake in shares of DT Midstream during the third quarter valued at approximately $29,000. First Command Advisory Services Inc. bought a new stake in shares of DT Midstream during the second quarter valued at approximately $31,000. Finally, American National Bank lifted its holdings in shares of DT Midstream by 100.0% in the second 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. 81.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on DTM shares. Barclays raised their target price on shares of DT Midstream from $85.00 to $92.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. raised their price objective on DT Midstream from $78.00 to $83.00 and gave the company a “neutral” rating in a research report on Friday, October 4th. Morgan Stanley boosted their target price on DT Midstream from $82.00 to $92.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. The Goldman Sachs Group raised their price target on DT Midstream from $66.00 to $74.00 and gave the company a “sell” rating in a report on Tuesday, November 5th. Finally, Stifel Nicolaus downgraded DT Midstream from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $78.00 to $89.00 in a research note on Wednesday, October 30th. Two 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. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $84.78.

DT Midstream Stock Performance

NYSE DTM opened at $100.62 on Friday. The business’s 50 day moving average price is $95.53 and its 200-day moving average price is $81.17. DT Midstream, Inc. has a fifty-two week low of $51.17 and a fifty-two week high of $109.85. The company has a market cap of $9.78 billion, a P/E ratio of 24.48 and a beta of 0.77. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 0.95.

DT Midstream (NYSE:DTM) last posted 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 firm 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 last year, the firm earned $0.94 EPS. Sell-side analysts predict that DT Midstream, Inc. will post 3.84 earnings per share for the current year.

DT Midstream Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 16th will be given a $0.735 dividend. This represents a $2.94 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend is Monday, December 16th. 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.