Capital Asset Advisory Services LLC Takes Position in DT Midstream, Inc. (NYSE:DTM)

Capital Asset Advisory Services LLC purchased a new position in shares of DT Midstream, Inc. (NYSE:DTM) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,341 shares of the company’s stock, valued at approximately $242,000.

A number of other large investors have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB grew its position in DT Midstream by 17.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 696 shares of the company’s stock worth $69,000 after purchasing an additional 105 shares during the last quarter. Caprock Group LLC grew its holdings in DT Midstream by 3.7% in the 3rd quarter. Caprock Group LLC now owns 4,058 shares of the company’s stock worth $322,000 after buying an additional 143 shares in the last quarter. AdvisorNet Financial Inc increased its position in 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 acquiring an additional 160 shares during the period. Sound Income Strategies LLC increased its position in 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 acquiring an additional 163 shares during the period. 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 valued at $48,000 after acquiring an additional 167 shares in the last quarter. Institutional investors and hedge funds own 81.53% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on DTM. Morgan Stanley raised their price target on DT Midstream from $82.00 to $92.00 and gave the company an “underweight” rating in a report on Friday, October 25th. Stifel Nicolaus upgraded shares of DT Midstream from a “hold” rating to a “buy” rating and boosted their price target for the stock from $89.00 to $106.00 in a research report on Thursday, December 19th. The Goldman Sachs Group upped their price target on shares of DT Midstream from $74.00 to $94.00 and gave the stock a “sell” rating in a research note on Thursday, December 19th. Citigroup upgraded shares of DT Midstream from a “neutral” rating to a “buy” rating and raised their price objective for the company from $90.00 to $115.00 in a research note on Thursday, November 21st. Finally, Wells Fargo & Company upped their target price on DT Midstream from $87.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $99.88.

DT Midstream Stock Down 12.7 %

DTM stock opened at $97.30 on Tuesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market cap of $9.45 billion, a PE ratio of 23.67 and a beta of 0.79. DT Midstream, Inc. has a 12 month low of $51.17 and a 12 month high of $114.50. The firm has a 50 day simple moving average of $103.95 and a 200 day simple moving average of $88.93.

DT Midstream (NYSE:DTM) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.05). The company had revenue of $248.00 million for the quarter, compared to analyst estimates of $242.64 million. DT Midstream had a net margin of 41.19% and a return on equity of 9.31%. During the same quarter last year, the company posted $0.94 EPS. Equities research analysts forecast that DT Midstream, Inc. will post 3.84 earnings per share for the current fiscal year.

DT Midstream 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.