Janney Montgomery Scott LLC Raises Stake in DT Midstream, Inc. (NYSE:DTM)

Janney Montgomery Scott LLC lifted its stake in shares of DT Midstream, Inc. (NYSE:DTM) by 70.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,577 shares of the company’s stock after purchasing an additional 4,365 shares during the quarter. Janney Montgomery Scott LLC’s holdings in DT Midstream were worth $1,052,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DTM. Millennium Management LLC raised its holdings in DT Midstream by 30.6% during the second quarter. Millennium Management LLC now owns 48,095 shares of the company’s stock worth $3,416,000 after purchasing an additional 11,281 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of DT Midstream by 2.3% during the 2nd quarter. Cetera Investment Advisers now owns 55,349 shares of the company’s stock worth $3,932,000 after buying an additional 1,242 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of DT Midstream in the 2nd quarter worth about $291,000. GAMMA Investing LLC grew its stake in DT Midstream by 35.5% in the 3rd quarter. GAMMA Investing LLC now owns 2,597 shares of the company’s stock valued at $204,000 after acquiring an additional 681 shares during the last quarter. Finally, City Holding Co. increased its holdings in DT Midstream by 30.6% during the 3rd quarter. City Holding Co. now owns 17,577 shares of the company’s stock valued at $1,382,000 after acquiring an additional 4,119 shares in the last quarter. Institutional investors and hedge funds own 81.53% of the company’s stock.

DT Midstream Stock Performance

NYSE:DTM opened at $103.25 on Thursday. The company has a market cap of $10.03 billion, a P/E ratio of 25.12 and a beta of 0.79. The firm’s 50 day moving average is $103.34 and its two-hundred day moving average is $90.26. DT Midstream, Inc. has a fifty-two week low of $51.17 and a fifty-two week high of $114.50. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.61.

Analyst Ratings Changes

Several analysts have issued reports on DTM shares. Wells Fargo & Company upped their price target on shares of DT Midstream from $87.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Barclays started coverage on DT Midstream in a research report on Friday, January 10th. They set an “equal weight” rating and a $112.00 price target for the company. JPMorgan Chase & Co. upped their price objective on DT Midstream from $109.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, January 24th. The Goldman Sachs Group lifted their price objective 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, Morgan Stanley upped their target price on shares of DT Midstream from $82.00 to $92.00 and gave the company an “underweight” rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently 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.