FSA Advisors Inc. Lowers Holdings in DT Midstream, Inc. (NYSE:DTM)

FSA Advisors Inc. trimmed its position in shares of DT Midstream, Inc. (NYSE:DTM) by 49.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,310 shares of the company’s stock after selling 2,299 shares during the quarter. FSA Advisors Inc.’s holdings in DT Midstream were worth $225,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp grew its holdings in shares of DT Midstream by 6.4% during the third quarter. State Street Corp now owns 3,385,579 shares of the company’s stock valued at $268,757,000 after buying an additional 202,447 shares during the last quarter. Geode Capital Management LLC lifted its position in DT Midstream by 4.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,066,278 shares of the company’s stock valued at $162,567,000 after acquiring an additional 85,462 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in DT Midstream by 30.1% during the 3rd 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 during the last quarter. Brookfield Corp ON increased its holdings in shares of DT Midstream by 171.3% in the 3rd quarter. Brookfield Corp ON now owns 1,038,501 shares of the company’s stock worth $81,689,000 after purchasing an additional 655,695 shares in the last quarter. Finally, FMR LLC increased its holdings in shares of DT Midstream by 1,476.9% in the 3rd quarter. FMR LLC now owns 805,950 shares of the company’s stock worth $63,396,000 after purchasing an additional 754,839 shares in the last quarter. 81.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on DTM. JPMorgan Chase & Co. increased their price objective on DT Midstream from $109.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, January 24th. The Goldman Sachs Group raised their price target 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. Raymond James increased their price objective on shares of DT Midstream from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday. 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. Finally, Stifel Nicolaus raised DT Midstream from a “hold” rating to a “buy” rating and increased their price target for the company from $89.00 to $106.00 in a report on Thursday, December 19th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $101.56.

DT Midstream Price Performance

NYSE DTM opened at $102.68 on Friday. 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 business’s fifty day moving average is $103.73 and its 200 day moving average is $89.30. The company has a market capitalization of $9.98 billion, a PE ratio of 24.98 and a beta of 0.79. DT Midstream, Inc. has a fifty-two week low of $51.17 and a fifty-two week high of $114.50.

DT Midstream (NYSE:DTM) last announced its quarterly earnings data 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). DT Midstream had a net margin of 41.19% and a return on equity of 9.31%. The company had revenue of $248.00 million for the quarter, compared to the consensus estimate of $242.64 million. During the same quarter last year, the firm posted $0.94 earnings per share. Sell-side analysts predict that DT Midstream, Inc. will post 3.8 earnings per share for the current year.

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.