DT Midstream, Inc. (NYSE:DTM) Shares Bought by Sigma Planning Corp

Sigma Planning Corp grew its position in shares of DT Midstream, Inc. (NYSE:DTM) by 8.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,222 shares of the company’s stock after purchasing an additional 1,466 shares during the quarter. Sigma Planning Corp’s holdings in DT Midstream were worth $1,911,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Blue Trust Inc. grew its stake in DT Midstream by 83.0% during the 3rd quarter. Blue Trust Inc. now owns 1,889 shares of the company’s stock worth $149,000 after buying an additional 857 shares during the last quarter. Raymond James & Associates grew its position in shares of DT Midstream by 68.4% during the third quarter. Raymond James & Associates now owns 30,554 shares of the company’s stock worth $2,403,000 after acquiring an additional 12,406 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in shares of DT Midstream by 22.7% during the third quarter. Sequoia Financial Advisors LLC now owns 8,082 shares of the company’s stock worth $636,000 after acquiring an additional 1,494 shares during the last quarter. Private Advisor Group LLC grew its position in shares of DT Midstream by 27.1% during the third quarter. Private Advisor Group LLC now owns 4,695 shares of the company’s stock worth $369,000 after acquiring an additional 1,000 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new position in shares of DT Midstream during the third quarter worth approximately $39,166,000. Hedge funds and other institutional investors own 81.53% of the company’s stock.

DT Midstream Price Performance

Shares of DTM opened at $98.71 on Monday. DT Midstream, Inc. has a twelve month low of $55.98 and a twelve month high of $114.50. The stock’s 50 day moving average is $102.95 and its two-hundred day moving average is $92.63. The firm has a market capitalization of $9.59 billion, a PE ratio of 24.02 and a beta of 0.79. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61.

Wall Street Analyst Weigh In

DTM has been the topic of several research reports. The Goldman Sachs Group raised their price objective on shares of DT Midstream from $74.00 to $94.00 and gave the stock a “sell” rating in a research report on Thursday, December 19th. Raymond James raised their price target on DT Midstream from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Stifel Nicolaus raised DT Midstream from a “hold” rating to a “buy” rating and raised their price target for the stock from $89.00 to $106.00 in a report on Thursday, December 19th. JPMorgan Chase & Co. lifted their target price on DT Midstream from $109.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. Finally, Barclays started coverage on DT Midstream in a research note on Friday, January 10th. They issued an “equal weight” rating and a $112.00 target price on the stock. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $101.56.

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.