Empowered Funds LLC Takes Position in DT Midstream, Inc. (NYSE:DTM)

Empowered Funds LLC acquired a new position in DT Midstream, Inc. (NYSE:DTM) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 64,684 shares of the company’s stock, valued at approximately $6,432,000.

Several other hedge funds have also recently bought and sold shares of DTM. UMB Bank n.a. increased its stake in shares of DT Midstream by 324.3% in the third quarter. UMB Bank n.a. now owns 314 shares of the company’s stock valued at $25,000 after purchasing an additional 240 shares during the period. V Square Quantitative Management LLC bought a new position in DT Midstream in the 3rd quarter worth approximately $29,000. Wilmington Savings Fund Society FSB acquired a new stake in DT Midstream in the 3rd quarter valued at approximately $29,000. AdvisorNet Financial Inc raised its stake in DT Midstream by 106.7% during the 4th quarter. AdvisorNet Financial Inc now owns 310 shares of the company’s stock valued at $31,000 after acquiring an additional 160 shares in the last quarter. Finally, Sound Income Strategies LLC boosted its position in DT Midstream by 93.7% during the 4th quarter. Sound Income Strategies LLC now owns 337 shares of the company’s stock worth $34,000 after acquiring an additional 163 shares during the period. 81.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DTM has been the subject of several research analyst reports. Raymond James upped their price objective on shares of DT Midstream from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Morgan Stanley increased their price objective 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. JPMorgan Chase & Co. boosted their target price on DT Midstream from $109.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, January 24th. Stifel Nicolaus upgraded DT Midstream from a “hold” rating to a “buy” rating and lifted their price target for the company from $89.00 to $106.00 in a research report on Thursday, December 19th. Finally, The Goldman Sachs Group upped their price objective on DT Midstream from $74.00 to $94.00 and gave the company a “sell” rating 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 assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $101.56.

DT Midstream Trading Down 0.2 %

Shares of DTM stock opened at $101.63 on Tuesday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61. DT Midstream, Inc. has a 1 year low of $51.17 and a 1 year high of $114.50. The firm’s fifty day simple moving average is $103.15 and its 200 day simple moving average is $90.93. The firm has a market capitalization of $9.87 billion, a P/E ratio of 24.73 and a beta of 0.79.

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.