DT Midstream, Inc. (NYSE:DTM) Shares Acquired by Burns Matteson Capital Management LLC

Burns Matteson Capital Management LLC lifted its position in DT Midstream, Inc. (NYSE:DTM) by 155.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 7,497 shares of the company’s stock after acquiring an additional 4,562 shares during the period. Burns Matteson Capital Management LLC’s holdings in DT Midstream were worth $745,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp lifted its holdings in DT Midstream by 6.4% in the 3rd quarter. State Street Corp now owns 3,385,579 shares of the company’s stock valued at $268,757,000 after purchasing an additional 202,447 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of DT Midstream by 4.3% in the third quarter. Geode Capital Management LLC now owns 2,066,278 shares of the company’s stock worth $162,567,000 after buying an additional 85,462 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of DT Midstream by 30.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,156,598 shares of the company’s stock worth $90,978,000 after buying an additional 267,269 shares in the last quarter. Brookfield Corp ON boosted its position in DT Midstream by 171.3% during the third quarter. Brookfield Corp ON now owns 1,038,501 shares of the company’s stock worth $81,689,000 after acquiring an additional 655,695 shares during the last quarter. Finally, FMR LLC grew its stake in DT Midstream by 1,476.9% during the 3rd quarter. FMR LLC now owns 805,950 shares of the company’s stock valued at $63,396,000 after acquiring an additional 754,839 shares in the last quarter. 81.53% of the stock is owned by institutional investors and hedge funds.

DT Midstream Trading Up 0.6 %

NYSE DTM opened at $101.88 on Monday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market capitalization of $9.90 billion, a P/E ratio of 24.79 and a beta of 0.79. The firm’s 50-day moving average is $103.17 and its two-hundred day moving average is $90.73. DT Midstream, Inc. has a 12 month low of $51.17 and a 12 month high of $114.50.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DTM. Citigroup upgraded DT Midstream from a “neutral” rating to a “buy” rating and upped their price target for the company from $90.00 to $115.00 in a research report on Thursday, November 21st. Wells Fargo & Company upped their target price on DT Midstream from $87.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Stifel Nicolaus upgraded DT Midstream from a “hold” rating to a “buy” rating and lifted their price target for the stock from $89.00 to $106.00 in a report on Thursday, December 19th. The Goldman Sachs Group upped their price objective on shares of DT Midstream from $74.00 to $94.00 and gave the company a “sell” rating in a report on Thursday, December 19th. Finally, JPMorgan Chase & Co. lifted their target price on shares of DT Midstream from $109.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $101.56.

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.