Atria Wealth Solutions Inc. Boosts Holdings in DT Midstream, Inc. (NYSE:DTM)

Atria Wealth Solutions Inc. lifted its position in shares of DT Midstream, Inc. (NYSE:DTM) by 56.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,923 shares of the company’s stock after buying an additional 2,493 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in DT Midstream were worth $690,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC boosted its position in shares of DT Midstream by 1,476.9% in the third quarter. FMR LLC now owns 805,950 shares of the company’s stock worth $63,396,000 after acquiring an additional 754,839 shares during the last quarter. Brookfield Corp ON raised its stake in shares of DT Midstream by 171.3% during the third quarter. Brookfield Corp ON now owns 1,038,501 shares of the company’s stock valued at $81,689,000 after purchasing an additional 655,695 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of DT Midstream by 30.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,156,598 shares of the company’s stock valued at $90,978,000 after purchasing an additional 267,269 shares during the period. State Street Corp raised its stake in shares of DT Midstream by 6.4% during the third quarter. State Street Corp now owns 3,385,579 shares of the company’s stock valued at $268,757,000 after purchasing an additional 202,447 shares during the period. Finally, Point72 Asset Management L.P. bought a new stake in shares of DT Midstream in the third quarter worth $8,320,000. 81.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DTM. Raymond James lifted their price target 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. The Goldman Sachs Group boosted their price target on shares of DT Midstream from $74.00 to $94.00 and gave the company a “sell” rating in a report on Thursday, December 19th. Stifel Nicolaus raised shares of DT Midstream from a “hold” rating to a “buy” rating and upped their price objective for the stock from $89.00 to $106.00 in a report on Thursday, December 19th. Barclays initiated coverage on shares of DT Midstream in a report on Friday, January 10th. They issued an “equal weight” rating and a $112.00 price objective for the company. Finally, Citigroup raised shares of DT Midstream from a “neutral” rating to a “buy” rating and upped their price target for the company from $90.00 to $115.00 in a report on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, DT Midstream presently has a consensus rating of “Hold” and an average price target of $101.56.

DT Midstream Price Performance

NYSE DTM opened at $95.58 on Wednesday. The company has a market cap of $9.29 billion, a PE ratio of 23.26 and a beta of 0.79. DT Midstream, Inc. has a 1 year low of $56.15 and a 1 year high of $114.50. 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’s 50-day moving average price is $102.84 and its two-hundred day moving average price is $92.94.

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.