Oppenheimer Asset Administration Inc. trimmed its stake in shares of DT Midstream, Inc. (NYSE:DTM – Free Report) by 5.1% within the 2nd quarter, in line with its most up-to-date disclosure with the Securities & Alternate Fee. The fund owned 9,079 shares of the corporate’s inventory after promoting 492 shares throughout the interval. Oppenheimer Asset Administration Inc.’s holdings in DT Midstream had been value $645,000 as of its most up-to-date submitting with the Securities & Alternate Fee.
Different hedge funds and different institutional traders additionally lately added to or diminished their stakes within the firm. First Belief Advisors LP grew its stake in shares of DT Midstream by 284.6% throughout the 4th quarter. First Belief Advisors LP now owns 1,524,401 shares of the corporate’s inventory valued at $83,537,000 after buying an extra 1,128,056 shares throughout the interval. Norges Financial institution purchased a brand new stake in DT Midstream throughout the fourth quarter valued at roughly $61,638,000. Mirae Asset World Investments Co. Ltd. elevated its holdings in DT Midstream by 14.1% throughout the first quarter. Mirae Asset World Investments Co. Ltd. now owns 809,126 shares of the corporate’s inventory valued at $49,438,000 after shopping for an extra 99,755 shares over the past quarter. Los Angeles Capital Administration LLC purchased a brand new place in DT Midstream within the second quarter value roughly $6,309,000. Lastly, Tortoise Capital Advisors L.L.C. boosted its stake in shares of DT Midstream by 6.3% throughout the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 1,024,036 shares of the corporate’s inventory value $72,737,000 after buying an extra 60,370 shares over the past quarter. Institutional traders personal 81.53% of the corporate’s inventory.
DT Midstream Worth Efficiency
Shares of NYSE:DTM opened at $77.82 on Friday. The corporate has a debt-to-equity ratio of 0.71, a fast ratio of 0.84 and a present ratio of 0.84. The agency has a market cap of $7.56 billion, a price-to-earnings ratio of 18.98 and a beta of 0.74. The agency has a fifty day transferring common value of $74.87 and a 200 day transferring common value of $68.19. DT Midstream, Inc. has a fifty-two week low of $50.88 and a fifty-two week excessive of $78.83.
DT Midstream (NYSE:DTM – Get Free Report) final issued its quarterly earnings information on Tuesday, July thirtieth. The corporate reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.06. DT Midstream had a return on fairness of 9.45% and a web margin of 42.10%. The agency had income of $244.00 million throughout the quarter, in comparison with analyst estimates of $236.83 million. Throughout the identical quarter final yr, the enterprise posted $0.93 earnings per share. As a bunch, sell-side analysts count on that DT Midstream, Inc. will put up 3.96 earnings per share for the present fiscal yr.
DT Midstream Dividend Announcement
The corporate additionally lately disclosed a quarterly dividend, which shall be paid on Tuesday, October fifteenth. Shareholders of document on Monday, September sixteenth shall be paid a $0.735 dividend. This represents a $2.94 dividend on an annualized foundation and a yield of three.78%. The ex-dividend date is Monday, September sixteenth. DT Midstream’s payout ratio is 71.71%.
Wall Avenue Analysts Forecast Development
DTM has been the topic of a number of analyst studies. Barclays upped their value goal on DT Midstream from $66.00 to $72.00 and gave the inventory an “obese” score in a analysis word on Wednesday, July seventeenth. Stifel Nicolaus lifted their value goal on DT Midstream from $70.00 to $78.00 and gave the corporate a “purchase” score in a analysis report on Wednesday, July thirty first. Wells Fargo & Firm elevated their goal value on shares of DT Midstream from $77.00 to $87.00 and gave the inventory an “obese” score in a report on Wednesday, July thirty first. JPMorgan Chase & Co. lifted their value goal on shares of DT Midstream from $75.00 to $78.00 and gave the corporate a “impartial” score in a report on Friday, August 2nd. Lastly, Citigroup elevated their value goal on shares of DT Midstream from $62.00 to $76.00 and gave the inventory a “impartial” score in a analysis word on Wednesday, September 4th. One analyst has rated the inventory with a promote score, 5 have issued a maintain score and 4 have given a purchase score to the corporate’s inventory. In accordance with MarketBeat, the inventory has a mean score of “Maintain” and a consensus value goal of $70.75.
Examine Out Our Newest Analysis Report on DTM
DT Midstream Firm Profile
DT Midstream, Inc, along with its subsidiaries, supplies built-in pure gasoline providers in america. The corporate operates via two segments, Pipeline and Gathering. The Pipeline section owns and operates interstate and intrastate pure gasoline pipelines, storage techniques, and pure gasoline gathering lateral pipelines.
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