Midwest Capital Advisors LLC Takes Position in DT Midstream, Inc. (NYSE:DTM)

Midwest Capital Advisors LLC purchased a new stake in DT Midstream, Inc. (NYSE:DTM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,576 shares of the company’s stock, valued at approximately $157,000.

Several other hedge funds and other institutional investors also recently modified their holdings of DTM. FMR LLC raised its position in shares of DT Midstream by 1,476.9% in the third quarter. FMR LLC now owns 805,950 shares of the company’s stock valued at $63,396,000 after purchasing an additional 754,839 shares during the period. Brookfield Corp ON raised its position in shares of DT Midstream by 171.3% in the third quarter. Brookfield Corp ON now owns 1,038,501 shares of the company’s stock valued at $81,689,000 after purchasing an additional 655,695 shares during the period. International Assets Investment Management LLC bought a new stake in shares of DT Midstream in the third quarter valued at approximately $39,166,000. Charles Schwab Investment Management Inc. grew its stake in DT Midstream by 30.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,156,598 shares of the company’s stock valued at $90,978,000 after acquiring an additional 267,269 shares in the last quarter. Finally, State Street Corp grew its stake in DT Midstream by 6.4% during the third quarter. State Street Corp now owns 3,385,579 shares of the company’s stock valued at $268,757,000 after acquiring an additional 202,447 shares in the last quarter. Institutional investors own 81.53% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Citigroup raised shares of DT Midstream from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $90.00 to $115.00 in a research note on Thursday, November 21st. Barclays assumed coverage on shares of DT Midstream in a research note on Friday, January 10th. They set an “equal weight” rating and a $112.00 price objective for the company. JPMorgan Chase & Co. boosted their price objective 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. Wells Fargo & Company boosted 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. Finally, Stifel Nicolaus raised shares of DT Midstream from a “hold” rating to a “buy” rating and boosted their price objective for the company from $89.00 to $106.00 in a research note on Thursday, December 19th. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $101.56.

DT Midstream Price Performance

DTM stock opened at $98.71 on Monday. 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 one year low of $55.98 and a one year high of $114.50. The stock has a market cap of $9.59 billion, a PE ratio of 24.02 and a beta of 0.79. The firm has a 50 day simple moving average of $102.95 and a two-hundred day simple moving average of $92.63.

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.