Ingalls & Snyder LLC Buys Shares of 2,163 DT Midstream, Inc. (NYSE:DTM)

Ingalls & Snyder LLC acquired a new position in DT Midstream, Inc. (NYSE:DTM) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 2,163 shares of the company’s stock, valued at approximately $215,000.

A number of other institutional investors and hedge funds have also modified their holdings of DTM. Sanctuary Advisors LLC acquired a new stake in shares of DT Midstream in the second quarter worth $291,000. CWM LLC lifted its stake in shares of DT Midstream by 14.3% in the third quarter. CWM LLC now owns 3,345 shares of the company’s stock worth $263,000 after buying an additional 419 shares during the last quarter. Creative Planning lifted its stake in shares of DT Midstream by 8.1% in the third quarter. Creative Planning now owns 41,800 shares of the company’s stock worth $3,288,000 after buying an additional 3,145 shares during the last quarter. Bleakley Financial Group LLC lifted its stake in shares of DT Midstream by 11.6% in the third quarter. Bleakley Financial Group LLC now owns 3,699 shares of the company’s stock worth $291,000 after buying an additional 385 shares during the last quarter. Finally, V Square Quantitative Management LLC acquired a new stake in shares of DT Midstream in the third quarter worth $29,000. 81.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on DTM. Stifel Nicolaus upgraded shares of DT Midstream from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $89.00 to $106.00 in a research note on Thursday, December 19th. 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. Wells Fargo & Company upped their target price on shares of DT Midstream from $87.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. upped their target price on shares of DT Midstream from $109.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. Finally, Raymond James upped their target price on shares of DT Midstream from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. 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 stock. Based on data from MarketBeat, DT Midstream has an average rating of “Hold” and a consensus price target of $101.56.

DT Midstream Trading Down 1.3 %

Shares of DT Midstream stock opened at $100.10 on Friday. The firm has a market capitalization of $9.73 billion, a PE ratio of 24.36 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. The company’s fifty day moving average price is $102.92 and its two-hundred day moving average price is $91.41. DT Midstream, Inc. has a 52-week low of $51.66 and a 52-week high of $114.50.

DT Midstream Company 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.