Navellier & Associates Inc. Takes $273,000 Position in DT Midstream, Inc. (NYSE:DTM)

Navellier & Associates Inc. acquired a new stake in shares of DT Midstream, Inc. (NYSE:DTM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,748 shares of the company’s stock, valued at approximately $273,000.

A number of other hedge funds have also made changes to their positions in DTM. Blue Trust Inc. grew its holdings in DT Midstream by 83.0% in the 3rd quarter. Blue Trust Inc. now owns 1,889 shares of the company’s stock valued at $149,000 after buying an additional 857 shares during the last quarter. Raymond James & Associates grew its holdings in DT Midstream by 68.4% in the 3rd quarter. Raymond James & Associates now owns 30,554 shares of the company’s stock valued at $2,403,000 after buying an additional 12,406 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in DT Midstream by 22.7% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 8,082 shares of the company’s stock valued at $636,000 after buying an additional 1,494 shares during the last quarter. Private Advisor Group LLC grew its holdings in DT Midstream by 27.1% in the 3rd quarter. Private Advisor Group LLC now owns 4,695 shares of the company’s stock valued at $369,000 after buying an additional 1,000 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in DT Midstream in the 3rd quarter valued at approximately $39,166,000. Institutional investors and hedge funds own 81.53% of the company’s stock.

DT Midstream Price Performance

DT Midstream stock opened at $98.71 on Monday. 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 has a market capitalization of $9.59 billion, a PE ratio of 24.02 and a beta of 0.79. DT Midstream, Inc. has a one year low of $55.98 and a one year high of $114.50. The business has a 50 day simple moving average of $102.95 and a 200 day simple moving average of $92.63.

Analyst Upgrades and Downgrades

DTM has been the topic of a number of research analyst reports. Barclays initiated coverage on DT Midstream in a report on Friday, January 10th. They issued an “equal weight” rating and a $112.00 target price on the stock. JPMorgan Chase & Co. raised their target price on DT Midstream from $109.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, January 24th. Wells Fargo & Company lifted their price objective on DT Midstream from $87.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Stifel Nicolaus raised DT Midstream from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $89.00 to $106.00 in a report on Thursday, December 19th. Finally, Citigroup raised DT Midstream from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $90.00 to $115.00 in a report on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average 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.