Entropy Technologies LP Acquires Shares of 10,305 DT Midstream, Inc. (NYSE:DTM)

Entropy Technologies LP bought a new stake in shares of DT Midstream, Inc. (NYSE:DTM) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 10,305 shares of the company’s stock, valued at approximately $1,025,000.

A number of other hedge funds also recently made changes to their positions in DTM. Millennium Management LLC increased its holdings in DT Midstream by 30.6% during the second quarter. Millennium Management LLC now owns 48,095 shares of the company’s stock worth $3,416,000 after buying an additional 11,281 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of DT Midstream during the 2nd quarter valued at approximately $291,000. CWM LLC increased its stake in shares of DT Midstream by 14.3% during the 3rd quarter. CWM LLC now owns 3,345 shares of the company’s stock worth $263,000 after purchasing an additional 419 shares during the last quarter. Wedmont Private Capital bought a new stake in shares of DT Midstream in the 3rd quarter worth approximately $281,000. Finally, UMB Bank n.a. raised its stake in shares of DT Midstream by 324.3% in the third quarter. UMB Bank n.a. now owns 314 shares of the company’s stock valued at $25,000 after buying an additional 240 shares during the period. 81.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group lifted their price objective on DT Midstream from $74.00 to $94.00 and gave the stock a “sell” rating in a report on Thursday, December 19th. JPMorgan Chase & Co. raised their price objective on shares of DT Midstream from $109.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, January 24th. Citigroup raised shares of DT Midstream from a “neutral” rating to a “buy” rating and boosted their target price for the company from $90.00 to $115.00 in a report on Thursday, November 21st. Stifel Nicolaus upgraded DT Midstream from a “hold” rating to a “buy” rating and increased their target price for the stock from $89.00 to $106.00 in a research report on Thursday, December 19th. Finally, Morgan Stanley lifted their price target on DT Midstream from $82.00 to $92.00 and gave the company an “underweight” rating in a research report on Friday, October 25th. Two equities 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 company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $101.56.

DT Midstream Trading Down 0.2 %

Shares of DTM stock opened at $101.63 on Tuesday. DT Midstream, Inc. has a 52-week low of $51.17 and a 52-week high of $114.50. The business’s fifty day moving average is $103.15 and its 200 day moving average is $90.93. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $9.87 billion, a PE ratio of 24.73 and a beta of 0.79.

About DT Midstream

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.