Rhumbline Advisers Sells 2,553 Shares of DT Midstream, Inc. (NYSE:DTM)

Rhumbline Advisers reduced its position in DT Midstream, Inc. (NYSE:DTM) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 284,528 shares of the company’s stock after selling 2,553 shares during the period. Rhumbline Advisers owned approximately 0.29% of DT Midstream worth $28,291,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of DTM. FMR LLC lifted its holdings in shares of DT Midstream by 1,476.9% in the 3rd quarter. FMR LLC now owns 805,950 shares of the company’s stock worth $63,396,000 after purchasing an additional 754,839 shares in the last quarter. Brookfield Corp ON lifted its holdings in shares of DT Midstream by 171.3% in the 3rd quarter. Brookfield Corp ON now owns 1,038,501 shares of the company’s stock worth $81,689,000 after purchasing an additional 655,695 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of DT Midstream in the 3rd quarter worth $39,166,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of DT Midstream by 30.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,156,598 shares of the company’s stock worth $90,978,000 after purchasing an additional 267,269 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of 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 in the last quarter. 81.53% of the stock is currently owned by institutional investors.

DT Midstream Trading Up 0.4 %

Shares of DT Midstream stock opened at $101.93 on Thursday. 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 firm has a market cap of $9.90 billion, a PE ratio of 24.80 and a beta of 0.79. DT Midstream, Inc. has a 1 year low of $55.05 and a 1 year high of $114.50. The stock has a fifty day moving average price of $103.03 and a 200-day moving average price of $92.09.

Analyst Ratings Changes

DTM has been the subject of a number of analyst reports. Morgan Stanley increased their price target on DT Midstream from $82.00 to $92.00 and gave the company an “underweight” rating in a research report on Friday, October 25th. Wells Fargo & Company increased their price target on DT Midstream from $87.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Citigroup raised DT Midstream from a “neutral” rating to a “buy” rating and increased their price target for the company from $90.00 to $115.00 in a research report on Thursday, November 21st. Barclays initiated coverage on DT Midstream in a research report on Friday, January 10th. They issued an “equal weight” rating and a $112.00 price target for the company. Finally, Stifel Nicolaus raised DT Midstream from a “hold” rating to a “buy” rating and increased their price target for the company from $89.00 to $106.00 in a research report on Thursday, December 19th. Two research 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 MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $101.56.

DT Midstream 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.