Valmark Advisers Inc. Invests $235,000 in DT Midstream, Inc. (NYSE:DTM)

Valmark Advisers Inc. bought a new position in DT Midstream, Inc. (NYSE:DTM) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,363 shares of the company’s stock, valued at approximately $235,000.

Other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP lifted its holdings in shares of DT Midstream by 225.4% in the 3rd quarter. Wellington Management Group LLP now owns 145,556 shares of the company’s stock worth $11,449,000 after acquiring an additional 100,825 shares during the last quarter. Friedenthal Financial bought a new stake in shares of DT Midstream in the 4th quarter worth about $764,000. Atria Investments Inc bought a new stake in shares of DT Midstream in the 3rd quarter worth about $666,000. Bridgewater Associates LP lifted its holdings in shares of DT Midstream by 57.6% in the 3rd quarter. Bridgewater Associates LP now owns 185,306 shares of the company’s stock worth $14,576,000 after acquiring an additional 67,725 shares during 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 acquiring an additional 202,447 shares during the last quarter. Institutional investors own 81.53% of the company’s stock.

DT Midstream Trading Up 1.5 %

Shares of DT Midstream stock opened at $101.65 on Wednesday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61. DT Midstream, Inc. has a 12-month low of $55.05 and a 12-month high of $114.50. The firm has a market capitalization of $9.88 billion, a price-to-earnings ratio of 24.73 and a beta of 0.79. The firm’s 50 day simple moving average is $103.02 and its two-hundred day simple moving average is $92.03.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on DTM shares. Barclays started coverage on shares of DT Midstream in a report on Friday, January 10th. They set an “equal weight” rating and a $112.00 price objective for the company. The Goldman Sachs Group lifted their price objective 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. Citigroup upgraded shares of DT Midstream from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $90.00 to $115.00 in a report on Thursday, November 21st. Morgan Stanley lifted their price objective on shares of DT Midstream from $82.00 to $92.00 and gave the company an “underweight” rating in a report on Friday, October 25th. Finally, Wells Fargo & Company lifted their price objective on shares of DT Midstream from $87.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target 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.