2,855 Shares in DT Midstream, Inc. (NYSE:DTM) Bought by Colonial River Investments LLC

Colonial River Investments LLC purchased a new position in shares of DT Midstream, Inc. (NYSE:DTM) during the 4th quarter, Holdings Channel.com reports. The firm purchased 2,855 shares of the company’s stock, valued at approximately $284,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DTM. Wilmington Savings Fund Society FSB acquired a new stake in DT Midstream during the 3rd quarter worth $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 worth $31,000 after acquiring an additional 160 shares in the last quarter. Sound Income Strategies LLC raised its stake 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 in the last quarter. Brooklyn Investment Group acquired a new stake in DT Midstream during the 3rd quarter worth $40,000. Finally, UMB Bank n.a. raised its stake in DT Midstream by 53.2% during the 4th quarter. UMB Bank n.a. now owns 481 shares of the company’s stock worth $48,000 after acquiring an additional 167 shares in the last quarter. 81.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. 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 research note on Thursday, October 31st. Barclays assumed coverage on shares of DT Midstream in a research note on Friday, January 10th. They issued an “equal weight” rating and a $112.00 price objective on the stock. JPMorgan Chase & Co. lifted their price objective on shares of DT Midstream from $109.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. 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 research note on Thursday, December 19th. Finally, Stifel Nicolaus upgraded shares of DT Midstream from a “hold” rating to a “buy” rating and lifted their price objective for the company from $89.00 to $106.00 in a research note on Thursday, December 19th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $101.56.

DT Midstream Stock Down 1.7 %

Shares of NYSE:DTM opened at $96.86 on Tuesday. The company has a market cap of $9.41 billion, a price-to-earnings ratio of 23.57 and a beta of 0.79. The firm’s 50-day simple moving average is $102.90 and its 200-day simple moving average is $92.78. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.61. DT Midstream, Inc. has a fifty-two week low of $56.15 and a fifty-two week high of $114.50.

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.