Louisiana State Employees Retirement System Increases Holdings in DT Midstream, Inc. (NYSE:DTM)

Louisiana State Employees Retirement System increased its holdings in shares of DT Midstream, Inc. (NYSE:DTM) by 0.4% in the fourth quarter, Holdings Channel reports. The firm owned 27,000 shares of the company’s stock after acquiring an additional 100 shares during the period. Louisiana State Employees Retirement System’s holdings in DT Midstream were worth $2,685,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc boosted its position in DT Midstream by 106.7% during the 4th quarter. AdvisorNet Financial Inc now owns 310 shares of the company’s stock worth $31,000 after purchasing an additional 160 shares during the period. Sound Income Strategies LLC boosted its position in DT Midstream by 93.7% during 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. V Square Quantitative Management LLC purchased a new stake in DT Midstream during the 3rd quarter worth $29,000. Wilmington Savings Fund Society FSB purchased a new position in DT Midstream in the 3rd quarter valued at about $29,000. Finally, UMB Bank n.a. boosted its position in DT Midstream by 53.2% in the 4th quarter. UMB Bank n.a. now owns 481 shares of the company’s stock valued at $48,000 after buying an additional 167 shares during the last quarter. 81.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on DTM shares. Raymond James upped their price objective 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. 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 research report on Thursday, December 19th. Morgan Stanley upped 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. Citigroup raised shares of DT Midstream from a “neutral” rating to a “buy” rating and upped their price objective for the company from $90.00 to $115.00 in a research report on Thursday, November 21st. Finally, Stifel Nicolaus raised shares of DT Midstream from a “hold” rating to a “buy” rating and upped their price objective for the company from $89.00 to $106.00 in a research report on Thursday, December 19th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, DT Midstream currently has a consensus rating of “Hold” and a consensus target price of $101.56.

DT Midstream Stock Performance

Shares of DT Midstream stock opened at $101.47 on Friday. The firm has a market cap of $9.86 billion, a PE ratio of 24.69 and a beta of 0.79. The firm’s 50-day simple moving average is $102.98 and its 200-day simple moving average is $91.23. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 0.95. DT Midstream, Inc. has a 1 year low of $51.17 and a 1 year high of $114.50.

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.