Hennion & Walsh Asset Management Inc. Has $2.31 Million Stock Holdings in DT Midstream, Inc. (NYSE:DTM)

Hennion & Walsh Asset Management Inc. trimmed its holdings in DT Midstream, Inc. (NYSE:DTM) by 0.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,263 shares of the company’s stock after selling 181 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in DT Midstream were worth $2,313,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. UMB Bank n.a. lifted its stake in shares of 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 purchasing an additional 240 shares during the period. V Square Quantitative Management LLC bought a new stake in DT Midstream in the 3rd quarter valued at about $29,000. Wilmington Savings Fund Society FSB bought a new stake in DT Midstream in the 3rd quarter valued at about $29,000. AdvisorNet Financial Inc increased 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 in the last quarter. Finally, Brooklyn Investment Group bought a new stake in DT Midstream in the 3rd quarter valued at about $40,000. 81.53% of the stock is owned by institutional investors and hedge funds.

DT Midstream Stock Performance

DTM stock opened at $112.55 on Friday. The firm has a market cap of $10.93 billion, a PE ratio of 27.38 and a beta of 0.79. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.61. The business has a 50 day moving average of $102.80 and a 200-day moving average of $87.01. DT Midstream, Inc. has a 12-month low of $51.17 and a 12-month high of $112.86.

DT Midstream (NYSE:DTM) last released its earnings results on Tuesday, October 29th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.05). The business had revenue of $248.00 million during 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 period in the prior year, the company earned $0.94 earnings per share. As a group, sell-side analysts expect 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 was paid on Wednesday, January 15th. Investors of record on Monday, December 16th were paid a $0.735 dividend. The ex-dividend date was Monday, December 16th. This represents a $2.94 annualized dividend and a yield of 2.61%. DT Midstream’s payout ratio is 71.53%.

Analyst Ratings Changes

A number of analysts recently commented on DTM shares. Stifel Nicolaus raised DT Midstream from a “hold” rating to a “buy” rating and boosted their target price for the company from $89.00 to $106.00 in a research report on Thursday, December 19th. Barclays started coverage on DT Midstream in a research report on Friday, January 10th. They issued an “equal weight” rating and a $112.00 target price for the company. Citigroup raised DT Midstream from a “neutral” rating to a “buy” rating and boosted their target price for the company from $90.00 to $115.00 in a research report on Thursday, November 21st. The Goldman Sachs Group boosted their target price on DT Midstream from $74.00 to $94.00 and gave the company a “sell” rating in a research report on Thursday, December 19th. 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 research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $95.88.

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.