Principal Financial Group Inc. Sells 346 Shares of DT Midstream, Inc. (NYSE:DTM)

Principal Financial Group Inc. decreased its holdings in shares of DT Midstream, Inc. (NYSE:DTM) by 0.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 244,097 shares of the company’s stock after selling 346 shares during the period. Principal Financial Group Inc.’s holdings in DT Midstream were worth $24,271,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. State Street Corp grew its stake in shares of DT Midstream by 6.4% during the third quarter. State Street Corp now owns 3,385,579 shares of the company’s stock valued at $268,757,000 after buying an additional 202,447 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of DT Midstream by 4.3% during the third quarter. Geode Capital Management LLC now owns 2,066,278 shares of the company’s stock valued at $162,567,000 after buying an additional 85,462 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of DT Midstream by 30.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,156,598 shares of the company’s stock valued at $90,978,000 after buying an additional 267,269 shares during the last quarter. Brookfield Corp ON grew its stake in shares of DT Midstream by 171.3% during the third quarter. Brookfield Corp ON now owns 1,038,501 shares of the company’s stock valued at $81,689,000 after buying an additional 655,695 shares during the last quarter. Finally, FMR LLC grew its stake in shares of DT Midstream by 1,476.9% during the third quarter. FMR LLC now owns 805,950 shares of the company’s stock valued at $63,396,000 after buying an additional 754,839 shares during the last quarter. Institutional investors own 81.53% of the company’s stock.

DT Midstream Stock Down 1.3 %

DT Midstream stock opened at $98.71 on Monday. The business has a fifty day moving average of $102.95 and a two-hundred day moving average of $92.63. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.61. The firm has a market cap of $9.59 billion, a P/E ratio of 24.02 and a beta of 0.79. DT Midstream, Inc. has a twelve month low of $55.98 and a twelve month high of $114.50.

Analyst Ratings Changes

A number of analysts recently issued reports on DTM shares. Raymond James boosted their price target on DT Midstream from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. JPMorgan Chase & Co. boosted their price target on DT Midstream from $109.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, January 24th. The Goldman Sachs Group boosted 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. Stifel Nicolaus upgraded DT Midstream from a “hold” rating to a “buy” rating and boosted their price target for the company from $89.00 to $106.00 in a report on Thursday, December 19th. Finally, Citigroup upgraded DT Midstream from a “neutral” rating to a “buy” rating and boosted their price target for the company from $90.00 to $115.00 in a report on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, DT Midstream has an average rating of “Hold” and a consensus target price of $101.56.

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.