City Holding Co. Purchases 888 Shares of DT Midstream, Inc. (NYSE:DTM)

City Holding Co. raised its position in DT Midstream, Inc. (NYSE:DTM) by 5.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,465 shares of the company’s stock after acquiring an additional 888 shares during the period. City Holding Co.’s holdings in DT Midstream were worth $1,836,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of DTM. Caprock Group LLC boosted its holdings in DT Midstream by 3.7% in the third quarter. Caprock Group LLC now owns 4,058 shares of the company’s stock worth $322,000 after acquiring an additional 143 shares in the last quarter. AdvisorNet Financial Inc increased its stake in DT Midstream by 106.7% during the 4th quarter. AdvisorNet Financial Inc now owns 310 shares of the company’s stock valued at $31,000 after purchasing an additional 160 shares in the last quarter. TFG Advisers LLC raised its holdings in shares of DT Midstream by 3.1% in the third quarter. TFG Advisers LLC now owns 5,774 shares of the company’s stock worth $454,000 after buying an additional 172 shares during the last quarter. Princeton Global Asset Management LLC lifted its stake in shares of DT Midstream by 8.6% during the third quarter. Princeton Global Asset Management LLC now owns 2,525 shares of the company’s stock worth $199,000 after buying an additional 200 shares during the period. Finally, First Citizens Bank & Trust Co. grew its holdings in shares of DT Midstream by 6.9% during the third quarter. First Citizens Bank & Trust Co. now owns 3,532 shares of the company’s stock valued at $278,000 after buying an additional 228 shares during the last quarter. 81.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DTM. The Goldman Sachs Group lifted their price target on DT Midstream from $74.00 to $94.00 and gave the stock a “sell” rating in a research report on Thursday, December 19th. Citigroup upgraded shares of DT Midstream from a “neutral” rating to a “buy” rating and increased their price target for the stock from $90.00 to $115.00 in a report on Thursday, November 21st. Stifel Nicolaus upgraded shares of DT Midstream from a “hold” rating to a “buy” rating and lifted their price objective for the company from $89.00 to $106.00 in a research note on Thursday, December 19th. Wells Fargo & Company increased their price objective on shares of DT Midstream from $87.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. boosted their target price on shares of DT Midstream from $78.00 to $83.00 and gave the company a “neutral” rating in a research report on Friday, October 4th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $95.88.

DT Midstream Stock Performance

Shares of NYSE DTM opened at $112.55 on Monday. The company has a market capitalization of $10.93 billion, a PE ratio of 27.38 and a beta of 0.79. 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 company’s fifty day moving average price is $102.80 and its 200 day moving average price is $87.25. DT Midstream, Inc. has a 1 year low of $51.17 and a 1 year high of $112.86.

DT Midstream (NYSE:DTM) last posted 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 firm had revenue of $248.00 million for the quarter, compared to analysts’ expectations of $242.64 million. During the same period in the previous year, the company earned $0.94 earnings per share. On average, research analysts predict that DT Midstream, Inc. will post 3.84 earnings per share for the current year.

DT Midstream Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 16th were given a dividend of $0.735 per share. This represents a $2.94 annualized dividend and a dividend yield of 2.61%. The ex-dividend date was Monday, December 16th. DT Midstream’s payout ratio is 71.53%.

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.