Vaughan David Investments LLC IL Sells 1,700 Shares of DT Midstream, Inc. (NYSE:DTM)

Vaughan David Investments LLC IL trimmed its stake in shares of DT Midstream, Inc. (NYSE:DTM) by 4.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 33,620 shares of the company’s stock after selling 1,700 shares during the quarter. Vaughan David Investments LLC IL’s holdings in DT Midstream were worth $3,343,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DTM. IFP Advisors Inc increased its stake in DT Midstream by 37.8% in the 4th quarter. IFP Advisors Inc now owns 1,257 shares of the company’s stock worth $130,000 after acquiring an additional 345 shares during the last quarter. Midwest Capital Advisors LLC purchased a new position in shares of DT Midstream in the 4th quarter worth about $157,000. Colonial River Investments LLC purchased a new position in shares of DT Midstream in the 4th quarter worth about $284,000. Sigma Planning Corp boosted its holdings in shares of DT Midstream by 8.3% in the 4th quarter. Sigma Planning Corp now owns 19,222 shares of the company’s stock worth $1,911,000 after purchasing an additional 1,466 shares in the last quarter. Finally, Navellier & Associates Inc. purchased a new stake in DT Midstream during the 4th quarter valued at about $273,000. 81.53% of the stock is currently owned by institutional investors.

DT Midstream Stock Down 1.7 %

DTM stock opened at $96.86 on Tuesday. The business has a 50 day moving average of $102.90 and a 200 day moving average of $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 twelve month low of $56.15 and a twelve month high of $114.50. The firm has a market cap of $9.41 billion, a PE ratio of 23.57 and a beta of 0.79.

Wall Street Analyst Weigh In

DTM has been the subject of several analyst reports. Wells Fargo & Company increased their target price on DT Midstream from $87.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Barclays assumed coverage on DT Midstream in a report on Friday, January 10th. They set an “equal weight” rating and a $112.00 target price for the company. Raymond James upped their price target on DT Midstream from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. JPMorgan Chase & Co. upped their price target on DT Midstream from $109.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, January 24th. Finally, The Goldman Sachs Group increased their target price on DT Midstream from $74.00 to $94.00 and gave the stock a “sell” rating in a research report on Thursday, December 19th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $101.56.

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.