DT Midstream, Inc. (NYSE:DTM) Shares Sold by Morningstar Investment Management LLC

Morningstar Investment Management LLC cut its holdings in shares of DT Midstream, Inc. (NYSE:DTM) by 38.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,307 shares of the company’s stock after selling 5,116 shares during the period. Morningstar Investment Management LLC’s holdings in DT Midstream were worth $826,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in DTM. CWM LLC increased its stake in DT Midstream by 14.3% during the 3rd quarter. CWM LLC now owns 3,345 shares of the company’s stock worth $263,000 after buying an additional 419 shares during the period. Creative Planning increased its position in shares of DT Midstream by 8.1% during the third quarter. Creative Planning now owns 41,800 shares of the company’s stock worth $3,288,000 after acquiring an additional 3,145 shares during the period. Bleakley Financial Group LLC raised its stake in shares of DT Midstream by 11.6% in the third quarter. Bleakley Financial Group LLC now owns 3,699 shares of the company’s stock valued at $291,000 after acquiring an additional 385 shares in the last quarter. Blue Trust Inc. boosted its holdings in DT Midstream by 83.0% in the third quarter. Blue Trust Inc. now owns 1,889 shares of the company’s stock valued at $149,000 after purchasing an additional 857 shares during the period. Finally, Raymond James & Associates grew its stake in DT Midstream by 68.4% during the 3rd quarter. Raymond James & Associates now owns 30,554 shares of the company’s stock worth $2,403,000 after purchasing an additional 12,406 shares in the last quarter. Institutional investors and hedge funds own 81.53% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on DTM shares. Stifel Nicolaus raised DT Midstream from a “hold” rating to a “buy” rating and increased their price target for the company from $89.00 to $106.00 in a research report on Thursday, December 19th. 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 report on Tuesday, January 28th. Barclays assumed coverage on shares of DT Midstream in a report on Friday, January 10th. They set an “equal weight” rating and a $112.00 price target for the company. Wells Fargo & Company increased 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. Finally, Morgan Stanley boosted their target price on shares of DT Midstream from $82.00 to $92.00 and gave the stock an “underweight” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $101.56.

DT Midstream Stock Performance

NYSE DTM opened at $101.93 on Thursday. The company has a fifty day moving average of $103.03 and a two-hundred day moving average of $92.09. The company has a market capitalization of $9.90 billion, a PE ratio of 24.80 and a beta of 0.79. DT Midstream, Inc. has a 1 year low of $55.05 and a 1 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.

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.