Values First Advisors Inc. Makes New $106,000 Investment in DT Midstream, Inc. (NYSE:DTM)

Values First Advisors Inc. purchased a new stake in DT Midstream, Inc. (NYSE:DTM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,061 shares of the company’s stock, valued at approximately $106,000.

A number of other institutional investors also recently modified their holdings of DTM. UMB Bank n.a. grew its holdings in shares of DT Midstream by 324.3% during the third quarter. UMB Bank n.a. now owns 314 shares of the company’s stock worth $25,000 after buying an additional 240 shares in the last quarter. V Square Quantitative Management LLC bought a new position in shares of DT Midstream during the 3rd quarter worth approximately $29,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of DT Midstream in the third quarter valued at approximately $29,000. AdvisorNet Financial Inc raised its holdings in shares of DT Midstream by 106.7% in the fourth 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. Finally, Sound Income Strategies LLC lifted its position in shares of DT Midstream by 93.7% in the fourth quarter. Sound Income Strategies LLC now owns 337 shares of the company’s stock worth $34,000 after purchasing an additional 163 shares in the last quarter. 81.53% of the stock is currently owned by institutional investors.

DT Midstream Stock Performance

Shares of NYSE DTM opened at $98.72 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $9.59 billion, a P/E ratio of 24.02 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 stock has a 50 day moving average of $103.03 and a 200-day moving average of $91.16.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Raymond James raised their target price on shares of DT Midstream from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Citigroup upgraded 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 report on Thursday, November 21st. Morgan Stanley upped their target price on 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 raised their price target for the company from $89.00 to $106.00 in a research note on Thursday, December 19th. Finally, JPMorgan Chase & Co. upped their price objective on DT Midstream from $109.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target 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.