Kingsview Wealth Management LLC Makes New Investment in DT Midstream, Inc. (NYSE:DTM)

Kingsview Wealth Management LLC bought a new stake in shares of DT Midstream, Inc. (NYSE:DTM) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,090 shares of the company’s stock, valued at approximately $208,000.

A number of other institutional investors have also recently made changes to their positions in the business. MassMutual Private Wealth & Trust FSB lifted its stake in DT Midstream by 17.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 696 shares of the company’s stock worth $69,000 after purchasing an additional 105 shares during the last quarter. Caprock Group LLC lifted its stake in shares of DT Midstream by 3.7% during the 3rd quarter. Caprock Group LLC now owns 4,058 shares of the company’s stock worth $322,000 after acquiring an additional 143 shares during the last quarter. AdvisorNet Financial Inc boosted its holdings in DT Midstream by 106.7% during the 4th quarter. AdvisorNet Financial Inc now owns 310 shares of the company’s stock valued at $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 4th quarter. Sound Income Strategies LLC now owns 337 shares of the company’s stock valued at $34,000 after acquiring an additional 163 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in DT Midstream by 53.2% in the fourth quarter. UMB Bank n.a. now owns 481 shares of the company’s stock worth $48,000 after purchasing an additional 167 shares during the period. Institutional investors own 81.53% of the company’s stock.

DT Midstream Price Performance

DTM opened at $100.10 on Friday. The firm has a market capitalization of $9.73 billion, a PE ratio of 24.36 and a beta of 0.79. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.95 and a quick ratio of 0.95. The business’s 50-day moving average is $102.92 and its two-hundred day moving average is $91.53. DT Midstream, Inc. has a 1 year low of $51.66 and a 1 year high of $114.50.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DTM. Citigroup raised shares of DT Midstream from a “neutral” rating to a “buy” rating and boosted their target price for the company from $90.00 to $115.00 in a research note on Thursday, November 21st. Wells Fargo & Company upped their target price on shares of DT Midstream from $87.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. The Goldman Sachs Group lifted their price target on shares of DT Midstream from $74.00 to $94.00 and gave the company a “sell” rating in a research note on Thursday, December 19th. Stifel Nicolaus upgraded DT Midstream from a “hold” rating to a “buy” rating and upped their target price for the stock from $89.00 to $106.00 in a report on Thursday, December 19th. Finally, Barclays initiated coverage on DT Midstream in a research note on Friday, January 10th. They set an “equal weight” rating and a $112.00 price target on the stock. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $101.56.

DT Midstream Company 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.