Ingalls & Snyder LLC Takes $215,000 Position in DT Midstream, Inc. (NYSE:DTM)

Ingalls & Snyder LLC bought a new position in DT Midstream, Inc. (NYSE:DTM) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,163 shares of the company’s stock, valued at approximately $215,000.

Several other institutional investors have also made changes to their positions in DTM. Values First Advisors Inc. purchased a new position in shares of DT Midstream in the fourth quarter worth approximately $106,000. Allspring Global Investments Holdings LLC increased its position in shares of DT Midstream by 1.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 12,137 shares of the company’s stock worth $1,235,000 after acquiring an additional 116 shares in the last quarter. Gladstone Institutional Advisory LLC purchased a new position in shares of DT Midstream in the fourth quarter worth approximately $205,000. Louisiana State Employees Retirement System increased its position in shares of DT Midstream by 0.4% in the fourth quarter. Louisiana State Employees Retirement System now owns 27,000 shares of the company’s stock worth $2,685,000 after acquiring an additional 100 shares in the last quarter. Finally, Savant Capital LLC increased its position in shares of DT Midstream by 29.0% in the fourth quarter. Savant Capital LLC now owns 7,034 shares of the company’s stock worth $699,000 after acquiring an additional 1,582 shares in the last quarter. 81.53% of the stock is owned by hedge funds and other institutional investors.

DT Midstream Price Performance

NYSE DTM opened at $100.10 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $9.73 billion, a PE ratio of 24.36 and a beta of 0.79. The company has a 50 day moving average price of $102.92 and a two-hundred day moving average price of $91.41. DT Midstream, Inc. has a 12-month low of $51.66 and a 12-month high of $114.50.

Analyst Upgrades and Downgrades

DTM has been the topic of several analyst reports. Morgan Stanley lifted their target price on shares of DT Midstream from $82.00 to $92.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. Stifel Nicolaus raised shares of DT Midstream from a “hold” rating to a “buy” rating and lifted their target price for the stock from $89.00 to $106.00 in a research report on Thursday, December 19th. Barclays began coverage on shares of DT Midstream in a research report on Friday, January 10th. They set an “equal weight” rating and a $112.00 price objective 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 report on Thursday, November 21st. Finally, The Goldman Sachs Group boosted their price objective on shares of DT Midstream from $74.00 to $94.00 and gave the company a “sell” rating in a research report on Thursday, December 19th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $101.56.

DT Midstream Company 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.