Elm3 Financial Group LLC Acquires New Holdings in DT Midstream, Inc. (NYSE:DTM)

Elm3 Financial Group LLC bought a new position in DT Midstream, Inc. (NYSE:DTM) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,181 shares of the company’s stock, valued at approximately $615,000.

Several other hedge funds also recently modified their holdings of DTM. Millennium Management LLC boosted its holdings in DT Midstream by 30.6% in the second quarter. Millennium Management LLC now owns 48,095 shares of the company’s stock worth $3,416,000 after purchasing an additional 11,281 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of DT Midstream by 2.3% during the 2nd quarter. Cetera Investment Advisers now owns 55,349 shares of the company’s stock worth $3,932,000 after acquiring an additional 1,242 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of DT Midstream during the 2nd quarter valued at about $291,000. GAMMA Investing LLC raised its stake in shares of DT Midstream by 35.5% in the 3rd quarter. GAMMA Investing LLC now owns 2,597 shares of the company’s stock valued at $204,000 after acquiring an additional 681 shares in the last quarter. Finally, City Holding Co. lifted its holdings in DT Midstream by 30.6% in the 3rd quarter. City Holding Co. now owns 17,577 shares of the company’s stock worth $1,382,000 after purchasing an additional 4,119 shares during the last quarter. Institutional investors and hedge funds own 81.53% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on DTM shares. Raymond James increased their price target on DT Midstream from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Stifel Nicolaus upgraded shares of DT Midstream from a “hold” rating to a “buy” rating and lifted their target price for the stock from $89.00 to $106.00 in a report on Thursday, December 19th. Barclays initiated coverage on shares of DT Midstream in a report on Friday, January 10th. They set an “equal weight” rating and a $112.00 price target for the company. The Goldman Sachs Group raised their price target on DT Midstream from $74.00 to $94.00 and gave the company a “sell” rating in a research report on Thursday, December 19th. Finally, Citigroup raised DT Midstream from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $90.00 to $115.00 in a research report on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $101.56.

DT Midstream Trading Up 1.9 %

DT Midstream stock opened at $103.25 on Thursday. DT Midstream, Inc. has a 12 month low of $51.17 and a 12 month high of $114.50. The stock has a market cap of $10.03 billion, a price-to-earnings ratio of 25.12 and a beta of 0.79. The business has a 50 day moving average price of $103.34 and a two-hundred day moving average price of $90.26. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.61.

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.