DT Midstream, Inc. (NYSE:DTM) Holdings Decreased by Retirement Systems of Alabama

Retirement Systems of Alabama lessened its stake in DT Midstream, Inc. (NYSE:DTM) by 3.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 245,433 shares of the company’s stock after selling 9,035 shares during the period. Retirement Systems of Alabama’s holdings in DT Midstream were worth $24,403,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. UMB Bank n.a. increased its stake in shares of DT Midstream by 324.3% during the third quarter. UMB Bank n.a. now owns 314 shares of the company’s stock valued at $25,000 after acquiring an additional 240 shares during the period. V Square Quantitative Management LLC acquired a new position in shares of DT Midstream during the 3rd quarter valued at $29,000. Wilmington Savings Fund Society FSB bought a new stake in shares of DT Midstream in the 3rd quarter worth $29,000. AdvisorNet Financial Inc lifted its holdings in shares of DT Midstream by 106.7% in the fourth quarter. AdvisorNet Financial Inc now owns 310 shares of the company’s stock valued at $31,000 after buying an additional 160 shares during the period. Finally, Sound Income Strategies LLC boosted its stake in DT Midstream by 93.7% during the fourth quarter. Sound Income Strategies LLC now owns 337 shares of the company’s stock valued at $34,000 after buying an additional 163 shares in the last quarter. Institutional investors and hedge funds own 81.53% of the company’s stock.

DT Midstream Stock Performance

Shares of DT Midstream stock opened at $103.25 on Thursday. The stock has a market cap of $10.03 billion, a PE ratio of 25.12 and a beta of 0.79. DT Midstream, Inc. has a 12 month low of $51.17 and a 12 month high of $114.50. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.61. The business has a fifty day simple moving average of $103.34 and a 200-day simple moving average of $90.26.

Analysts Set New Price Targets

A number of brokerages have weighed in on DTM. Wells Fargo & Company upped their price target 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. Barclays assumed coverage on shares of DT Midstream in a research note on Friday, January 10th. They set an “equal weight” rating and a $112.00 target price for the company. The Goldman Sachs Group lifted their price target on shares of DT Midstream from $74.00 to $94.00 and gave the stock a “sell” rating in a research report on Thursday, December 19th. Citigroup raised DT Midstream from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $90.00 to $115.00 in a research note on Thursday, November 21st. Finally, Morgan Stanley boosted their target price on DT Midstream from $82.00 to $92.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $101.56.

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.