Entropy Technologies LP Makes New Investment in DT Midstream, Inc. (NYSE:DTM)

Entropy Technologies LP acquired a new stake in shares of DT Midstream, Inc. (NYSE:DTM) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 10,305 shares of the company’s stock, valued at approximately $1,025,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in DTM. MassMutual Private Wealth & Trust FSB increased its stake in DT Midstream by 17.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 696 shares of the company’s stock valued at $69,000 after acquiring an additional 105 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in shares of DT Midstream by 38.3% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 509 shares of the company’s stock worth $51,000 after purchasing an additional 141 shares in the last quarter. Caprock Group LLC increased its position in shares of DT Midstream by 3.7% during the 3rd quarter. Caprock Group LLC now owns 4,058 shares of the company’s stock valued at $322,000 after purchasing an additional 143 shares during the last quarter. AdvisorNet Financial Inc raised its holdings in shares of DT Midstream by 106.7% during the 4th quarter. AdvisorNet Financial Inc now owns 310 shares of the company’s stock valued at $31,000 after buying an additional 160 shares in the last quarter. Finally, Sound Income Strategies LLC lifted its position 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 buying an additional 163 shares during the last quarter. Hedge funds and other institutional investors own 81.53% of the company’s stock.

DT Midstream Stock Down 0.2 %

NYSE DTM opened at $101.63 on Tuesday. The business’s 50-day moving average is $103.15 and its 200 day moving average is $90.93. The stock has a market capitalization of $9.87 billion, a PE ratio of 24.73 and a beta of 0.79. 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 $51.17 and a 1 year high of $114.50.

Analyst Upgrades and Downgrades

A number of research analysts have commented on DTM shares. Morgan Stanley increased their price target 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. Citigroup raised shares of DT Midstream from a “neutral” rating to a “buy” rating and increased their target price for the company from $90.00 to $115.00 in a report on Thursday, November 21st. Stifel Nicolaus raised shares of DT Midstream from a “hold” rating to a “buy” rating and boosted their price target for the stock from $89.00 to $106.00 in a research note on Thursday, December 19th. Barclays began coverage on DT Midstream in a research note on Friday, January 10th. They set an “equal weight” rating and a $112.00 price objective on the stock. Finally, The Goldman Sachs Group boosted 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. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $101.56.

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.