Blue Trust Inc. Decreases Stake in DT Midstream, Inc. (NYSE:DTM)

Blue Trust Inc. lessened its position in shares of DT Midstream, Inc. (NYSE:DTM) by 41.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,114 shares of the company’s stock after selling 775 shares during the quarter. Blue Trust Inc.’s holdings in DT Midstream were worth $111,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in DTM. Wilmington Savings Fund Society FSB purchased a new position in shares of DT Midstream in the third quarter valued at $29,000. AdvisorNet Financial Inc raised its stake in DT Midstream by 106.7% during 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 in 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 worth $34,000 after buying an additional 163 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of DT Midstream in the 3rd quarter worth about $40,000. Finally, UMB Bank n.a. increased its holdings in shares of DT Midstream by 53.2% in the 4th quarter. UMB Bank n.a. now owns 481 shares of the company’s stock worth $48,000 after buying an additional 167 shares during the last quarter. Institutional investors own 81.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DTM. JPMorgan Chase & Co. lifted their price target on DT Midstream from $109.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. Citigroup upgraded DT Midstream from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $90.00 to $115.00 in a report on Thursday, November 21st. Raymond James boosted their target price on DT Midstream from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. The Goldman Sachs Group raised their price target on DT Midstream from $74.00 to $94.00 and gave the stock a “sell” rating in a research report on Thursday, December 19th. Finally, Wells Fargo & Company boosted their price objective on shares of DT Midstream from $87.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, DT Midstream has an average rating of “Hold” and a consensus target price of $101.56.

DT Midstream Price Performance

Shares of DTM stock opened at $98.71 on Friday. The company has a market capitalization of $9.59 billion, a P/E ratio of 24.02 and a beta of 0.79. The company’s 50-day simple moving average is $102.95 and its two-hundred day simple moving average is $92.34. DT Midstream, Inc. has a one year low of $55.98 and a one year high of $114.50. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.95 and a quick ratio of 0.95.

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.