Hantz Financial Services Inc. Sells 308 Shares of DT Midstream, Inc. (NYSE:DTM)

Hantz Financial Services Inc. decreased its stake in DT Midstream, Inc. (NYSE:DTM) by 3.4% during the third quarter, Holdings Channel.com reports. The institutional investor owned 8,721 shares of the company’s stock after selling 308 shares during the quarter. Hantz Financial Services Inc.’s holdings in DT Midstream were worth $686,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in DTM. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in DT Midstream by 3.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 241,200 shares of the company’s stock worth $18,973,000 after acquiring an additional 7,956 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of DT Midstream by 7.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,632 shares of the company’s stock worth $1,702,000 after purchasing an additional 1,446 shares in the last quarter. FORA Capital LLC increased its position in shares of DT Midstream by 31.9% during the 3rd quarter. FORA Capital LLC now owns 17,297 shares of the company’s stock valued at $1,361,000 after purchasing an additional 4,186 shares during the last quarter. Bridgewater Associates LP raised its holdings in shares of DT Midstream by 57.6% during the 3rd quarter. Bridgewater Associates LP now owns 185,306 shares of the company’s stock valued at $14,576,000 after buying an additional 67,725 shares in the last quarter. Finally, Townsquare Capital LLC lifted its position in DT Midstream by 43.2% in the 3rd quarter. Townsquare Capital LLC now owns 7,228 shares of the company’s stock worth $569,000 after buying an additional 2,181 shares during the last quarter. Hedge funds and other institutional investors own 81.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on DTM shares. JPMorgan Chase & Co. lifted their price target on shares of DT Midstream from $78.00 to $83.00 and gave the stock a “neutral” rating in a research note on Friday, October 4th. The Goldman Sachs Group boosted their price target on shares of DT Midstream from $66.00 to $74.00 and gave the stock a “sell” rating in a research note on Tuesday, November 5th. Barclays raised their price objective on DT Midstream from $85.00 to $92.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Citigroup upgraded DT Midstream from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $90.00 to $115.00 in a report on Thursday, November 21st. Finally, Morgan Stanley raised their price target on DT Midstream from $82.00 to $92.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $84.78.

DT Midstream Price Performance

Shares of DTM stock opened at $106.12 on Monday. 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, Inc. has a fifty-two week low of $51.17 and a fifty-two week high of $109.85. The firm has a market cap of $10.31 billion, a P/E ratio of 25.82 and a beta of 0.71. The business’s 50 day moving average price is $91.23 and its 200-day moving average price is $78.72.

DT Midstream (NYSE:DTM) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.05). The business had revenue of $248.00 million during the quarter, compared to analysts’ expectations of $242.64 million. DT Midstream had a return on equity of 9.31% and a net margin of 41.19%. During the same period in the previous year, the business earned $0.94 EPS. On average, equities research analysts anticipate that DT Midstream, Inc. will post 3.85 earnings per share for the current year.

DT Midstream Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th will be paid a dividend of $0.735 per share. This represents a $2.94 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend is Monday, December 16th. 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.