Allspring Global Investments Holdings LLC Increases Stock Holdings in DT Midstream, Inc. (NYSE:DTM)

Allspring Global Investments Holdings LLC increased its holdings in shares of DT Midstream, Inc. (NYSE:DTM) by 1.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,137 shares of the company’s stock after buying an additional 116 shares during the period. Allspring Global Investments Holdings LLC’s holdings in DT Midstream were worth $1,235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DTM. AdvisorNet Financial Inc lifted its holdings in DT Midstream by 106.7% in the 4th quarter. AdvisorNet Financial Inc now owns 310 shares of the company’s stock valued at $31,000 after purchasing an additional 160 shares in the last quarter. Sound Income Strategies LLC lifted its holdings in DT Midstream by 93.7% in the 4th quarter. Sound Income Strategies LLC now owns 337 shares of the company’s stock valued at $34,000 after purchasing an additional 163 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in DT Midstream in the 3rd quarter valued at $29,000. UMB Bank n.a. lifted its holdings in DT Midstream by 53.2% in the 4th quarter. UMB Bank n.a. now owns 481 shares of the company’s stock valued at $48,000 after purchasing an additional 167 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new position in DT Midstream in the 3rd quarter valued at $40,000. Hedge funds and other institutional investors own 81.53% of the company’s stock.

DT Midstream Stock Down 1.3 %

Shares of NYSE:DTM opened at $98.71 on Friday. The business has a 50-day moving average price of $102.95 and a 200 day moving average price of $92.48. 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 company has a market capitalization of $9.59 billion, a price-to-earnings ratio of 24.02 and a beta of 0.79. DT Midstream, Inc. has a 12-month low of $55.98 and a 12-month high of $114.50.

Analysts Set New Price Targets

DTM has been the topic of a number of research reports. Stifel Nicolaus upgraded DT Midstream from a “hold” rating to a “buy” rating and raised their price objective for the company from $89.00 to $106.00 in a report on Thursday, December 19th. Barclays initiated coverage on DT Midstream in a report on Friday, January 10th. They issued an “equal weight” rating and a $112.00 price objective on the stock. Raymond James raised their price objective on DT Midstream from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Citigroup upgraded DT Midstream from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $90.00 to $115.00 in a report on Thursday, November 21st. Finally, The Goldman Sachs Group lifted their price target on DT Midstream from $74.00 to $94.00 and gave the stock a “sell” rating in a report on Thursday, December 19th. Two investment 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average 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.