DT Midstream, Inc. (NYSE:DTM) Shares Purchased by Legacy Capital Group California Inc.

Legacy Capital Group California Inc. raised its stake in DT Midstream, Inc. (NYSE:DTM) by 13.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,370 shares of the company’s stock after purchasing an additional 387 shares during the quarter. Legacy Capital Group California Inc.’s holdings in DT Midstream were worth $335,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of DT Midstream in the third quarter valued at about $29,000. AdvisorNet Financial Inc boosted its holdings in DT Midstream by 106.7% in the 4th quarter. AdvisorNet Financial Inc now owns 310 shares of the company’s stock worth $31,000 after acquiring an additional 160 shares during the period. Sound Income Strategies LLC grew its position in DT Midstream by 93.7% in the fourth quarter. Sound Income Strategies LLC now owns 337 shares of the company’s stock valued at $34,000 after acquiring an additional 163 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of DT Midstream during the third quarter valued at approximately $40,000. Finally, UMB Bank n.a. raised its stake in shares of DT Midstream by 53.2% during the fourth quarter. UMB Bank n.a. now owns 481 shares of the company’s stock valued at $48,000 after purchasing an additional 167 shares during the period. Institutional investors and hedge funds own 81.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on DTM shares. Raymond James raised their price target 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. Citigroup upgraded DT Midstream from a “neutral” rating to a “buy” rating and raised their target price for the company from $90.00 to $115.00 in a research note on Thursday, November 21st. The Goldman Sachs Group lifted their target price on DT Midstream from $74.00 to $94.00 and gave the stock a “sell” rating in a research report on Thursday, December 19th. Barclays began coverage on DT Midstream in a report on Friday, January 10th. They issued an “equal weight” rating and a $112.00 price target for the company. Finally, Wells Fargo & Company lifted their price objective on DT Midstream from $87.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $101.56.

DT Midstream Stock Down 1.3 %

NYSE:DTM opened at $98.71 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $9.59 billion, a price-to-earnings ratio of 24.02 and a beta of 0.79. DT Midstream, Inc. has a one year low of $55.98 and a one year high of $114.50. The stock has a 50-day simple moving average of $102.95 and a 200 day simple moving average of $92.34.

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.