Fractal Investments LLC Grows Position in DT Midstream, Inc. (NYSE:DTM)

Fractal Investments LLC lifted its position in shares of DT Midstream, Inc. (NYSE:DTM) by 184.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 99,299 shares of the company’s stock after purchasing an additional 64,399 shares during the quarter. DT Midstream accounts for approximately 1.5% of Fractal Investments LLC’s portfolio, making the stock its 15th largest holding. Fractal Investments LLC owned 0.10% of DT Midstream worth $9,873,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. UMB Bank n.a. grew its position in DT Midstream by 324.3% during the third quarter. UMB Bank n.a. now owns 314 shares of the company’s stock valued at $25,000 after buying an additional 240 shares during the period. V Square Quantitative Management LLC purchased a new stake in shares of DT Midstream during the 3rd quarter worth about $29,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of DT Midstream during the 3rd quarter valued at about $29,000. AdvisorNet Financial Inc increased its stake in shares of DT Midstream by 106.7% in 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. Finally, Sound Income Strategies LLC raised its holdings in DT Midstream by 93.7% in the 4th quarter. Sound Income Strategies LLC now owns 337 shares of the company’s stock worth $34,000 after purchasing an additional 163 shares during the period. 81.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DTM has been the topic of several research analyst reports. Wells Fargo & Company raised their price objective 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 raised shares of DT Midstream from a “hold” rating to a “buy” rating and lifted their price target for the company from $89.00 to $106.00 in a research note on Thursday, December 19th. Morgan Stanley upped their price objective on shares of DT Midstream from $82.00 to $92.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. Raymond James lifted their target price on shares of DT Midstream from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Finally, Barclays initiated coverage on shares of DT Midstream in a research note on Friday, January 10th. They set an “equal weight” rating and a $112.00 target price for the company. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $101.56.

DT Midstream Stock Performance

DTM opened at $103.25 on Thursday. DT Midstream, Inc. has a twelve month low of $51.17 and a twelve month high of $114.50. The firm has a market capitalization of $10.03 billion, a PE ratio of 25.12 and a beta of 0.79. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61. The firm’s 50-day moving average price is $103.34 and its 200 day moving average price is $90.26.

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.