First Citizens Bank & Trust Co. Has $400,000 Holdings in DT Midstream, Inc. (NYSE:DTM)

First Citizens Bank & Trust Co. lifted its position in shares of DT Midstream, Inc. (NYSE:DTM) by 14.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,026 shares of the company’s stock after purchasing an additional 494 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in DT Midstream were worth $400,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. FMR LLC grew its holdings in shares of DT Midstream by 1,476.9% during the third quarter. FMR LLC now owns 805,950 shares of the company’s stock valued at $63,396,000 after buying an additional 754,839 shares during the last quarter. Brookfield Corp ON boosted its stake in DT Midstream by 171.3% during the 3rd 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 last quarter. International Assets Investment Management LLC purchased a new stake in shares of DT Midstream in the third quarter worth approximately $39,166,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of DT Midstream by 30.1% in 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 purchasing an additional 267,269 shares in the last quarter. Finally, State Street Corp grew its holdings in DT Midstream by 6.4% during the third quarter. State Street Corp now owns 3,385,579 shares of the company’s stock worth $268,757,000 after buying an additional 202,447 shares in the last quarter. Institutional investors and hedge funds own 81.53% of the company’s stock.

DT Midstream Price Performance

Shares of NYSE DTM opened at $97.30 on Tuesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 0.95. DT Midstream, Inc. has a fifty-two week low of $51.17 and a fifty-two week high of $114.50. The stock has a market cap of $9.45 billion, a PE ratio of 23.67 and a beta of 0.79. The stock has a fifty day moving average of $103.95 and a 200-day moving average of $88.93.

DT Midstream (NYSE:DTM) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.05). The firm had revenue of $248.00 million during the quarter, compared to analysts’ expectations of $242.64 million. DT Midstream had a return on equity of 9.31% and a net margin of 41.19%. During the same period in the previous year, the company posted $0.94 earnings per share. Equities research analysts anticipate that DT Midstream, Inc. will post 3.84 earnings per share for the current year.

Wall Street Analyst Weigh In

DTM has been the subject of several analyst reports. Morgan Stanley increased their target price on shares of DT Midstream from $82.00 to $92.00 and gave the company an “underweight” rating in a report on Friday, October 25th. Wells Fargo & Company increased their price target on DT Midstream from $87.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Barclays initiated coverage on DT Midstream in a research report on Friday, January 10th. They issued an “equal weight” rating and a $112.00 price objective on the stock. The Goldman Sachs Group raised their target price on DT Midstream from $74.00 to $94.00 and gave the company a “sell” rating in a research report on Thursday, December 19th. Finally, Stifel Nicolaus raised shares of DT Midstream from a “hold” rating to a “buy” rating and boosted their price target for the stock from $89.00 to $106.00 in a report on Thursday, December 19th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $99.88.

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.