6,181 Shares in DT Midstream, Inc. (NYSE:DTM) Purchased by Elm3 Financial Group LLC

Elm3 Financial Group LLC purchased a new position in shares of DT Midstream, Inc. (NYSE:DTM) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,181 shares of the company’s stock, valued at approximately $615,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Millennium Management LLC lifted its position in shares of DT Midstream by 30.6% during the 2nd quarter. Millennium Management LLC now owns 48,095 shares of the company’s stock worth $3,416,000 after buying an additional 11,281 shares during the period. Cetera Investment Advisers grew its position in DT Midstream by 2.3% in the second quarter. Cetera Investment Advisers now owns 55,349 shares of the company’s stock valued at $3,932,000 after acquiring an additional 1,242 shares during the period. Sanctuary Advisors LLC acquired a new position in DT Midstream during the second quarter worth $291,000. GAMMA Investing LLC lifted its holdings in shares of DT Midstream by 35.5% during the third quarter. GAMMA Investing LLC now owns 2,597 shares of the company’s stock valued at $204,000 after acquiring an additional 681 shares during the period. Finally, City Holding Co. boosted its stake in shares of DT Midstream by 30.6% in the 3rd quarter. City Holding Co. now owns 17,577 shares of the company’s stock valued at $1,382,000 after purchasing an additional 4,119 shares in the last quarter. 81.53% of the stock is owned by institutional investors and hedge funds.

DT Midstream Trading Up 1.9 %

Shares of DTM opened at $103.25 on Thursday. The stock’s fifty day simple moving average is $103.34 and its 200-day simple moving average is $90.26. The firm has a market capitalization of $10.03 billion, a PE ratio of 25.12 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 company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.61.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on DTM shares. Citigroup upgraded shares of DT Midstream from a “neutral” rating to a “buy” rating and increased their target price for the stock from $90.00 to $115.00 in a research report on Thursday, November 21st. JPMorgan Chase & Co. raised their price objective on shares of DT Midstream from $109.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, January 24th. Morgan Stanley boosted 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. The Goldman Sachs Group raised their price target on DT Midstream from $74.00 to $94.00 and gave the company a “sell” rating in a report on Thursday, December 19th. Finally, Raymond James boosted their price objective on DT Midstream from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, DT Midstream presently has an average rating of “Hold” and a consensus target price of $101.56.

DT Midstream Company 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.