Strategic Investment Advisors MI Raises Stake in DT Midstream, Inc. (NYSE:DTM)

Strategic Investment Advisors MI raised its holdings in DT Midstream, Inc. (NYSE:DTM) by 13.8% in the 4th quarter, HoldingsChannel reports. The fund owned 3,964 shares of the company’s stock after acquiring an additional 482 shares during the period. Strategic Investment Advisors MI’s holdings in DT Midstream were worth $394,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in DTM. UMB Bank n.a. boosted its position in shares of DT Midstream by 324.3% in the third quarter. UMB Bank n.a. now owns 314 shares of the company’s stock worth $25,000 after acquiring an additional 240 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in DT Midstream in the third quarter valued at approximately $29,000. Wilmington Savings Fund Society FSB acquired a new position in DT Midstream during the third quarter valued at approximately $29,000. AdvisorNet Financial Inc grew its stake in DT Midstream by 106.7% during the fourth quarter. AdvisorNet Financial Inc now owns 310 shares of the company’s stock worth $31,000 after buying an additional 160 shares during the period. Finally, Sound Income Strategies LLC increased its position in shares of DT Midstream by 93.7% in the fourth quarter. Sound Income Strategies LLC now owns 337 shares of the company’s stock worth $34,000 after acquiring an additional 163 shares in the last quarter. 81.53% of the stock is currently owned by institutional investors and hedge funds.

DT Midstream Trading Down 12.7 %

Shares of DTM stock opened at $97.30 on Tuesday. DT Midstream, Inc. has a 12-month low of $51.17 and a 12-month high of $114.50. The company has a market capitalization of $9.45 billion, a PE ratio of 23.67 and a beta of 0.79. The firm has a 50 day moving average price of $103.95 and a two-hundred day moving average price of $88.93. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.61.

DT Midstream (NYSE:DTM) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.05). The firm had revenue of $248.00 million for the quarter, compared to the consensus estimate of $242.64 million. DT Midstream had a return on equity of 9.31% and a net margin of 41.19%. During the same quarter in the previous year, the business earned $0.94 EPS. As a group, analysts predict that DT Midstream, Inc. will post 3.84 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DTM. Wells Fargo & Company upped their price target on shares of DT Midstream from $87.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. The Goldman Sachs Group increased their target price on DT Midstream from $74.00 to $94.00 and gave the company a “sell” rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. boosted their price target on DT Midstream from $109.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday. Morgan Stanley increased their price objective 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. Finally, Barclays assumed 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 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. According to MarketBeat, DT Midstream currently has a consensus rating of “Hold” and an average price target of $99.88.

DT Midstream 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.