Foguth Wealth Management LLC. Invests $184,000 in DT Midstream, Inc. (NYSE:DTM)

Foguth Wealth Management LLC. purchased a new position in shares of DT Midstream, Inc. (NYSE:DTM) during the 4th quarter, Holdings Channel.com reports. The firm purchased 1,846 shares of the company’s stock, valued at approximately $184,000.

A number of other hedge funds have also added to or reduced their stakes in the company. Wellington Management Group LLP lifted its stake in DT Midstream by 225.4% during the third quarter. Wellington Management Group LLP now owns 145,556 shares of the company’s stock worth $11,449,000 after purchasing an additional 100,825 shares during the last quarter. Friedenthal Financial bought a new stake in shares of DT Midstream during the 4th quarter worth $764,000. Atria Investments Inc bought a new stake in shares of DT Midstream during the 3rd quarter worth $666,000. Bridgewater Associates LP boosted its stake in DT Midstream by 57.6% in the third quarter. Bridgewater Associates LP now owns 185,306 shares of the company’s stock valued at $14,576,000 after buying an additional 67,725 shares in the last quarter. Finally, State Street Corp grew its position in DT Midstream by 6.4% in the third quarter. State Street Corp now owns 3,385,579 shares of the company’s stock valued at $268,757,000 after acquiring an additional 202,447 shares during the last quarter. 81.53% of the stock is owned by institutional investors.

DT Midstream Stock Up 1.9 %

Shares of DTM opened at $103.25 on Thursday. The stock’s 50-day moving average price is $103.34 and its two-hundred day moving average price is $90.26. DT Midstream, Inc. has a 12 month low of $51.17 and a 12 month high of $114.50. The company has a market capitalization of $10.03 billion, a PE ratio of 25.12 and a beta of 0.79. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley raised their price target on shares of DT Midstream from $82.00 to $92.00 and gave the company an “underweight” rating in a research note on Friday, October 25th. Stifel Nicolaus upgraded shares of DT Midstream from a “hold” rating to a “buy” rating and raised their target price for the company from $89.00 to $106.00 in a research report on Thursday, December 19th. Raymond James upped their price target on shares of DT Midstream from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. The Goldman Sachs Group raised their price objective on DT Midstream from $74.00 to $94.00 and gave the company a “sell” rating in a report on Thursday, December 19th. Finally, Barclays initiated coverage on DT Midstream in a research report on Friday, January 10th. They set an “equal weight” rating and a $112.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus 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.