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

Midwest Capital Advisors LLC acquired a new stake in DT Midstream, Inc. (NYSE:DTM) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,576 shares of the company’s stock, valued at approximately $157,000.

A number of other institutional investors also recently modified their holdings of DTM. Blue Trust Inc. boosted its stake in shares of DT Midstream by 83.0% in the 3rd quarter. Blue Trust Inc. now owns 1,889 shares of the company’s stock valued at $149,000 after purchasing an additional 857 shares during the last quarter. Raymond James & Associates grew its holdings in DT Midstream by 68.4% in the third quarter. Raymond James & Associates now owns 30,554 shares of the company’s stock worth $2,403,000 after purchasing an additional 12,406 shares during the period. Sequoia Financial Advisors LLC grew its holdings in DT Midstream by 22.7% in the third quarter. Sequoia Financial Advisors LLC now owns 8,082 shares of the company’s stock worth $636,000 after purchasing an additional 1,494 shares during the period. Private Advisor Group LLC grew its holdings in DT Midstream by 27.1% in the third quarter. Private Advisor Group LLC now owns 4,695 shares of the company’s stock worth $369,000 after purchasing an additional 1,000 shares during the period. Finally, International Assets Investment Management LLC acquired a new stake in DT Midstream in the third quarter worth $39,166,000. 81.53% of the stock is owned by institutional investors.

DT Midstream Stock Down 1.3 %

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

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Stifel Nicolaus upgraded shares of 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. Citigroup upgraded shares of DT Midstream from a “neutral” rating to a “buy” rating and raised their price target for the stock from $90.00 to $115.00 in a report on Thursday, November 21st. Wells Fargo & Company lifted their price objective on shares of DT Midstream from $87.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. The Goldman Sachs Group lifted their price objective on shares of DT Midstream from $74.00 to $94.00 and gave the company a “sell” rating in a report on Thursday, December 19th. Finally, Barclays started coverage on shares of DT Midstream in a report on Friday, January 10th. They set an “equal weight” rating and a $112.00 price objective for the company. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $101.56.

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.