Savant Capital LLC Increases Stake in DT Midstream, Inc. (NYSE:DTM)

Savant Capital LLC boosted its position in shares of DT Midstream, Inc. (NYSE:DTM) by 29.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 7,034 shares of the company’s stock after purchasing an additional 1,582 shares during the quarter. Savant Capital LLC’s holdings in DT Midstream were worth $699,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of DTM. FMR LLC grew its position in DT Midstream by 1,476.9% during the 3rd quarter. FMR LLC now owns 805,950 shares of the company’s stock valued at $63,396,000 after purchasing an additional 754,839 shares during the last quarter. Brookfield Corp ON boosted its holdings in shares of DT Midstream by 171.3% during the 3rd quarter. Brookfield Corp ON now owns 1,038,501 shares of the company’s stock valued at $81,689,000 after acquiring an additional 655,695 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of DT Midstream during the 3rd quarter valued at about $39,166,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of DT Midstream by 30.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,156,598 shares of the company’s stock valued at $90,978,000 after acquiring an additional 267,269 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of DT Midstream by 6.4% during the 3rd 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 hedge funds and other institutional investors.

DT Midstream Trading Down 1.3 %

Shares of DTM opened at $100.10 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’s fifty day moving average is $102.92 and its 200 day moving average is $91.53. The stock has a market capitalization of $9.73 billion, a PE ratio of 24.36 and a beta of 0.79. DT Midstream, Inc. has a fifty-two week low of $51.66 and a fifty-two week high of $114.50.

Analyst Upgrades and Downgrades

DTM has been the topic of a number of recent analyst reports. 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 report on Friday, October 25th. Raymond James raised their target price on shares of DT Midstream from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Citigroup upgraded shares of DT Midstream from a “neutral” rating to a “buy” rating and raised their target price for the stock from $90.00 to $115.00 in a research note on Thursday, November 21st. Wells Fargo & Company lifted 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, JPMorgan Chase & Co. lifted their price objective on shares of DT Midstream from $109.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, DT Midstream currently has an average rating of “Hold” and a consensus target price of $101.56.

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.