Sigma Planning Corp Grows Stock Holdings in DT Midstream, Inc. (NYSE:DTM)

Sigma Planning Corp lifted its position in shares of DT Midstream, Inc. (NYSE:DTM) by 8.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,222 shares of the company’s stock after acquiring an additional 1,466 shares during the quarter. Sigma Planning Corp’s holdings in DT Midstream were worth $1,911,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. AdvisorNet Financial Inc boosted its position in shares of DT Midstream by 106.7% in the 4th quarter. AdvisorNet Financial Inc now owns 310 shares of the company’s stock worth $31,000 after buying an additional 160 shares in the last quarter. Sound Income Strategies LLC lifted its holdings in shares of DT Midstream by 93.7% in the fourth quarter. Sound Income Strategies LLC now owns 337 shares of the company’s stock valued at $34,000 after purchasing an additional 163 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of DT Midstream in the third quarter valued at about $29,000. UMB Bank n.a. lifted its holdings in shares of DT Midstream by 53.2% in the fourth quarter. UMB Bank n.a. now owns 481 shares of the company’s stock valued at $48,000 after purchasing an additional 167 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new stake in DT Midstream in the 3rd quarter valued at approximately $40,000. Hedge funds and other institutional investors own 81.53% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. The Goldman Sachs Group upped their price objective on DT Midstream from $74.00 to $94.00 and gave the company a “sell” rating in a research report on Thursday, December 19th. 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 note on Tuesday, January 28th. Wells Fargo & Company upped their price objective 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. Stifel Nicolaus upgraded DT Midstream from a “hold” rating to a “buy” rating and raised their price objective for the stock from $89.00 to $106.00 in a report on Thursday, December 19th. Finally, Barclays assumed coverage on DT Midstream in a research note on Friday, January 10th. They issued an “equal weight” rating and a $112.00 target price for the company. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $101.56.

DT Midstream Trading Down 1.3 %

DTM opened at $98.71 on Monday. The firm has a market capitalization of $9.59 billion, a P/E ratio of 24.02 and a beta of 0.79. The firm’s 50 day moving average is $102.95 and its 200-day moving average is $92.63. DT Midstream, Inc. has a 52-week low of $55.98 and a 52-week high of $114.50. 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.