Gladstone Institutional Advisory LLC Buys Shares of 2,060 DT Midstream, Inc. (NYSE:DTM)

Gladstone Institutional Advisory LLC acquired a new position in DT Midstream, Inc. (NYSE:DTM) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 2,060 shares of the company’s stock, valued at approximately $205,000.

A number of other institutional investors have also added to or reduced their stakes in DTM. Wellington Management Group LLP boosted its holdings in shares of DT Midstream by 225.4% in the 3rd quarter. Wellington Management Group LLP now owns 145,556 shares of the company’s stock worth $11,449,000 after acquiring an additional 100,825 shares in the last quarter. Friedenthal Financial bought a new stake in shares of DT Midstream in the 4th quarter valued at $764,000. Atria Investments Inc bought a new stake in shares of DT Midstream in the 3rd quarter valued at $666,000. Bridgewater Associates LP boosted its stake in DT Midstream by 57.6% in the 3rd quarter. Bridgewater Associates LP now owns 185,306 shares of the company’s stock worth $14,576,000 after purchasing an additional 67,725 shares during the period. Finally, State Street Corp boosted its stake in DT Midstream by 6.4% in the 3rd quarter. State Street Corp now owns 3,385,579 shares of the company’s stock worth $268,757,000 after purchasing an additional 202,447 shares during the period. 81.53% of the stock is owned by institutional investors and hedge funds.

DT Midstream Trading Down 1.3 %

DTM opened at $100.10 on Monday. DT Midstream, Inc. has a fifty-two week low of $51.66 and a fifty-two week 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. The company’s 50-day moving average is $102.92 and its 200 day moving average is $91.64. The firm has a market capitalization of $9.73 billion, a PE ratio of 24.36 and a beta of 0.79.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Barclays assumed coverage on shares of DT Midstream in a report on Friday, January 10th. They issued an “equal weight” rating and a $112.00 target price on the stock. Stifel Nicolaus upgraded shares of DT Midstream from a “hold” rating to a “buy” rating and increased their price target for the stock from $89.00 to $106.00 in a research report on Thursday, December 19th. Raymond James increased their price target on shares of DT Midstream from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. The Goldman Sachs Group increased their price target on shares of DT Midstream from $74.00 to $94.00 and gave the stock a “sell” rating in a research report on Thursday, December 19th. Finally, Wells Fargo & Company raised their target price 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. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, DT Midstream has an average rating of “Hold” and a consensus 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.