First Horizon Advisors Inc. Has $96,000 Holdings in DT Midstream, Inc. (NYSE:DTM)

First Horizon Advisors Inc. lifted its position in shares of DT Midstream, Inc. (NYSE:DTM) by 55.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,224 shares of the company’s stock after acquiring an additional 437 shares during the quarter. First Horizon Advisors Inc.’s holdings in DT Midstream were worth $96,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Commerce Bank raised its position in DT Midstream by 10.7% in the third quarter. Commerce Bank now owns 19,911 shares of the company’s stock valued at $1,566,000 after purchasing an additional 1,932 shares during the last quarter. Caprock Group LLC increased its stake in shares of DT Midstream by 3.7% in the third quarter. Caprock Group LLC now owns 4,058 shares of the company’s stock valued at $322,000 after buying an additional 143 shares during the period. Pathstone Holdings LLC raised its holdings in DT Midstream by 3.3% in the 3rd quarter. Pathstone Holdings LLC now owns 20,679 shares of the company’s stock valued at $1,633,000 after buying an additional 668 shares during the last quarter. Natixis Advisors LLC boosted its position in DT Midstream by 10.6% during the 3rd quarter. Natixis Advisors LLC now owns 24,568 shares of the company’s stock worth $1,933,000 after buying an additional 2,356 shares during the period. Finally, Metis Global Partners LLC grew its holdings in DT Midstream by 33.5% during the 3rd quarter. Metis Global Partners LLC now owns 5,395 shares of the company’s stock worth $424,000 after acquiring an additional 1,354 shares during the last quarter. Institutional investors own 81.53% of the company’s stock.

DT Midstream Price Performance

Shares of DTM opened at $108.56 on Friday. The firm has a market cap of $10.55 billion, a PE ratio of 26.41 and a beta of 0.71. DT Midstream, Inc. has a 52-week low of $51.17 and a 52-week high of $109.85. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 0.95. The business’s 50 day moving average price is $88.36 and its two-hundred day moving average price is $77.29.

DT Midstream (NYSE:DTM) last issued 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). DT Midstream had a return on equity of 9.31% and a net margin of 41.19%. The company had revenue of $248.00 million for the quarter, compared to the consensus estimate of $242.64 million. During the same period in the prior year, the company earned $0.94 earnings per share. On average, equities analysts anticipate that DT Midstream, Inc. will post 3.96 EPS for the current year.

DT Midstream Announces Dividend

The company also recently announced 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 2.71%. The ex-dividend date of this dividend is Monday, December 16th. DT Midstream’s payout ratio is 71.53%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Wells Fargo & Company raised their price target on shares of DT Midstream from $87.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Citigroup raised DT Midstream from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $90.00 to $115.00 in a report on Thursday. Barclays increased their price target on DT Midstream from $85.00 to $92.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Stifel Nicolaus lowered 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. Finally, Morgan Stanley increased their target price 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 investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, DT Midstream presently has an average rating of “Hold” and a consensus target price of $84.78.

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.