Van ECK Associates Corp Has $3.02 Million Position in DT Midstream, Inc. (NYSE:DTM)

Van ECK Associates Corp reduced its holdings in DT Midstream, Inc. (NYSE:DTM) by 8.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 30,335 shares of the company’s stock after selling 2,904 shares during the quarter. Van ECK Associates Corp’s holdings in DT Midstream were worth $3,016,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Values First Advisors Inc. acquired a new stake in shares of DT Midstream in the fourth quarter valued at about $106,000. Allspring Global Investments Holdings LLC grew its position in DT Midstream by 1.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 12,137 shares of the company’s stock worth $1,235,000 after buying an additional 116 shares in the last quarter. Gladstone Institutional Advisory LLC acquired a new stake in DT Midstream during the fourth quarter worth about $205,000. Louisiana State Employees Retirement System grew its position in DT Midstream by 0.4% during the fourth quarter. Louisiana State Employees Retirement System now owns 27,000 shares of the company’s stock worth $2,685,000 after buying an additional 100 shares in the last quarter. Finally, Savant Capital LLC grew its position in DT Midstream by 29.0% during the fourth quarter. Savant Capital LLC now owns 7,034 shares of the company’s stock worth $699,000 after buying an additional 1,582 shares in the last quarter. 81.53% of the stock is owned by institutional investors and hedge funds.

DT Midstream Stock Performance

NYSE:DTM opened at $99.79 on Friday. DT Midstream, Inc. has a 1 year low of $55.48 and a 1 year high of $114.50. The firm has a 50 day moving average of $102.99 and a 200-day moving average of $92.15. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $9.70 billion, a P/E ratio of 24.28 and a beta of 0.79.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DTM. Wells Fargo & Company lifted their target price on DT Midstream from $87.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. 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. Morgan Stanley lifted their target price on DT Midstream from $82.00 to $92.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. lifted their target price on DT Midstream from $109.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. Finally, Stifel Nicolaus raised DT Midstream from a “hold” rating to a “buy” rating and lifted their price objective for the company from $89.00 to $106.00 in a report on Thursday, December 19th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target 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.