DT Midstream, Inc. (NYSE:DTM) Shares Purchased by Hantz Financial Services Inc.

Hantz Financial Services Inc. raised its position in DT Midstream, Inc. (NYSE:DTM) by 5.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,221 shares of the company’s stock after acquiring an additional 500 shares during the quarter. Hantz Financial Services Inc.’s holdings in DT Midstream were worth $917,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in DTM. Perigon Wealth Management LLC grew its stake in DT Midstream by 16.3% during the 4th quarter. Perigon Wealth Management LLC now owns 5,032 shares of the company’s stock worth $500,000 after purchasing an additional 707 shares in the last quarter. KBC Group NV grew its stake in DT Midstream by 57.3% during the 4th quarter. KBC Group NV now owns 4,234 shares of the company’s stock worth $421,000 after buying an additional 1,542 shares during the last quarter. Capital Asset Advisory Services LLC acquired a new position in shares of DT Midstream in the 4th quarter valued at $242,000. Blue Trust Inc. increased its stake in DT Midstream by 49.1% in the fourth quarter. Blue Trust Inc. now owns 2,816 shares of the company’s stock valued at $280,000 after purchasing an additional 927 shares during the period. Finally, Strategic Investment Advisors MI increased its position in DT Midstream by 13.8% in the 4th quarter. Strategic Investment Advisors MI now owns 3,964 shares of the company’s stock valued at $394,000 after acquiring an additional 482 shares during the period. Institutional investors and hedge funds own 81.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on DTM shares. JPMorgan Chase & Co. boosted their price objective on shares of DT Midstream from $109.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. Wells Fargo & Company boosted 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. Citigroup upgraded shares of 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. Morgan Stanley lifted their price objective on DT Midstream from $82.00 to $92.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. Finally, Raymond James boosted their price target on DT Midstream from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $101.56.

DT Midstream Trading Down 1.3 %

NYSE DTM opened at $101.29 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market capitalization of $9.84 billion, a price-to-earnings ratio of 24.64 and a beta of 0.79. The company’s 50 day moving average price is $103.58 and its 200 day moving average price is $89.51. DT Midstream, Inc. has a one year low of $51.17 and a one year high of $114.50.

DT Midstream (NYSE:DTM) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.05). The company had revenue of $248.00 million for the quarter, compared to analyst estimates of $242.64 million. DT Midstream had a return on equity of 9.31% and a net margin of 41.19%. During the same period last year, the firm posted $0.94 earnings per share. On average, sell-side analysts predict that DT Midstream, Inc. will post 3.8 EPS for the current year.

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.