DT Midstream, Inc. (NYSE:DTM) Shares Sold by Morningstar Investment Management LLC

Morningstar Investment Management LLC reduced its holdings in shares of DT Midstream, Inc. (NYSE:DTMFree Report) by 38.1% during the 4th quarter, HoldingsChannel reports. The firm owned 8,307 shares of the company’s stock after selling 5,116 shares during the period. Morningstar Investment Management LLC’s holdings in DT Midstream were worth $826,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new position in DT Midstream in the 3rd quarter valued at about $29,000. AdvisorNet Financial Inc grew its stake in shares of DT Midstream by 106.7% in the 4th quarter. AdvisorNet Financial Inc now owns 310 shares of the company’s stock valued at $31,000 after purchasing an additional 160 shares during the last quarter. Sound Income Strategies LLC grew its stake in shares of DT Midstream by 93.7% in the 4th quarter. Sound Income Strategies LLC now owns 337 shares of the company’s stock valued at $34,000 after purchasing an additional 163 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of DT Midstream in the third quarter valued at approximately $40,000. Finally, UMB Bank n.a. raised its stake in shares of DT Midstream by 53.2% during the fourth quarter. UMB Bank n.a. now owns 481 shares of the company’s stock worth $48,000 after purchasing an additional 167 shares during the last quarter. 81.53% of the stock is currently owned by institutional investors and hedge funds.

DT Midstream Price Performance

Shares of NYSE:DTM opened at $101.93 on Thursday. DT Midstream, Inc. has a 12 month low of $55.05 and a 12 month high of $114.50. The firm has a market capitalization of $9.90 billion, a price-to-earnings ratio of 24.80 and a beta of 0.79. The business’s 50 day simple moving average is $103.03 and its 200-day simple moving average is $92.09. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.95 and a quick ratio of 0.95.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DTM. Citigroup upgraded shares of DT Midstream from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $90.00 to $115.00 in a research report on Thursday, November 21st. JPMorgan Chase & Co. lifted their target price on shares of DT Midstream from $109.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, January 24th. Morgan Stanley increased their price target on shares of DT Midstream from $82.00 to $92.00 and gave the stock an “underweight” rating in a report on Friday, October 25th. Stifel Nicolaus upgraded DT Midstream from a “hold” rating to a “buy” rating and boosted their target price for the stock from $89.00 to $106.00 in a research report on Thursday, December 19th. Finally, Wells Fargo & Company increased their target price on DT Midstream from $87.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $101.56.

View Our Latest Stock Report on DTM

DT Midstream Profile

(Free Report)

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.

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Institutional Ownership by Quarter for DT Midstream (NYSE:DTM)

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