DT Midstream, Inc. (NYSE:DTM) Shares Sold by Kayne Anderson Capital Advisors LP

Kayne Anderson Capital Advisors LP lessened its holdings in DT Midstream, Inc. (NYSE:DTM) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 678,536 shares of the company’s stock after selling 13,893 shares during the period. DT Midstream makes up 1.6% of Kayne Anderson Capital Advisors LP’s investment portfolio, making the stock its 17th largest position. Kayne Anderson Capital Advisors LP owned 0.70% of DT Midstream worth $67,467,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of DTM. CWA Asset Management Group LLC purchased a new position in DT Midstream during the third quarter worth about $372,000. Atria Investments Inc purchased a new stake in DT Midstream during the 3rd quarter worth approximately $666,000. Crossmark Global Holdings Inc. lifted its holdings in DT Midstream by 18.9% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 9,138 shares of the company’s stock worth $719,000 after buying an additional 1,452 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in DT Midstream in the 3rd quarter valued at approximately $56,000. Finally, GSA Capital Partners LLP grew its stake in shares of DT Midstream by 31.9% in the third quarter. GSA Capital Partners LLP now owns 27,209 shares of the company’s stock worth $2,140,000 after acquiring an additional 6,575 shares in the last quarter. 81.53% of the stock is currently owned by hedge funds and other institutional investors.

DT Midstream Stock Performance

NYSE DTM opened at $89.89 on Wednesday. The company has a fifty day moving average of $101.22 and a two-hundred day moving average of $94.14. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.95 and a quick ratio of 0.95. DT Midstream, Inc. has a 1 year low of $57.16 and a 1 year high of $114.50. The company has a market capitalization of $9.11 billion, a PE ratio of 21.87 and a beta of 0.80.

DT Midstream Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 17th will be paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date is Monday, March 17th. This is an increase from DT Midstream’s previous quarterly dividend of $0.74. DT Midstream’s dividend payout ratio (DPR) is currently 91.11%.

Analysts Set New Price Targets

Several research analysts recently commented on DTM shares. Raymond James boosted their target price on DT Midstream from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Wells Fargo & Company reduced their target price on shares of DT Midstream from $118.00 to $108.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. Stifel Nicolaus lowered their price target on shares of DT Midstream from $106.00 to $102.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Citigroup upgraded shares of DT Midstream from a “neutral” rating to a “buy” rating and raised their price objective for the company from $90.00 to $115.00 in a report on Thursday, November 21st. Finally, Barclays began coverage on shares of DT Midstream in a research report on Friday, January 10th. They set an “equal weight” rating and a $112.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, DT Midstream presently has an average rating of “Hold” and a consensus price target of $102.00.

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.