Venturi Wealth Management LLC Acquires 786 Shares of DT Midstream, Inc. (NYSE:DTM)

Venturi Wealth Management LLC grew its stake in DT Midstream, Inc. (NYSE:DTM) by 310.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,039 shares of the company’s stock after acquiring an additional 786 shares during the period. Venturi Wealth Management LLC’s holdings in DT Midstream were worth $103,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of DTM. Wilmington Savings Fund Society FSB acquired a new position in DT Midstream during the third quarter valued at approximately $29,000. AdvisorNet Financial Inc raised its stake in shares of DT Midstream by 106.7% during the 4th quarter. AdvisorNet Financial Inc now owns 310 shares of the company’s stock worth $31,000 after purchasing an additional 160 shares in the last quarter. Sound Income Strategies LLC boosted its holdings in shares of 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 buying an additional 163 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of DT Midstream in the third quarter valued at $40,000. Finally, UMB Bank n.a. increased its holdings in DT Midstream by 53.2% during the fourth quarter. UMB Bank n.a. now owns 481 shares of the company’s stock worth $48,000 after buying an additional 167 shares during the last quarter. Institutional investors and hedge funds own 81.53% of the company’s stock.

DT Midstream Stock Performance

NYSE:DTM opened at $98.71 on Monday. The stock has a 50 day simple moving average of $102.95 and a 200 day simple moving average of $92.63. The stock has a market cap of $9.59 billion, a P/E ratio of 24.02 and a beta of 0.79. DT Midstream, Inc. has a 1-year low of $55.98 and a 1-year high of $114.50. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61.

Analyst Ratings Changes

A number of analysts have commented on DTM shares. Stifel Nicolaus upgraded shares of DT Midstream from a “hold” rating to a “buy” rating and increased their price target for the company from $89.00 to $106.00 in a research note on Thursday, December 19th. Raymond James raised their target price on shares of DT Midstream from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. JPMorgan Chase & Co. boosted their price target on DT Midstream from $109.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. The Goldman Sachs Group raised their price objective on DT Midstream from $74.00 to $94.00 and gave the company a “sell” rating in a research report on Thursday, December 19th. Finally, Barclays initiated coverage on 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. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus 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.