Hardy Reed LLC Takes Position in DT Midstream, Inc. (NYSE:DTM)

Hardy Reed LLC bought a new position in DT Midstream, Inc. (NYSE:DTM) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 3,300 shares of the company’s stock, valued at approximately $328,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DTM. CWM LLC boosted its position in DT Midstream by 14.3% during the third quarter. CWM LLC now owns 3,345 shares of the company’s stock valued at $263,000 after buying an additional 419 shares during the period. Creative Planning boosted its position in DT Midstream by 8.1% during the third quarter. Creative Planning now owns 41,800 shares of the company’s stock valued at $3,288,000 after buying an additional 3,145 shares during the period. Bleakley Financial Group LLC boosted its position in DT Midstream by 11.6% during the third quarter. Bleakley Financial Group LLC now owns 3,699 shares of the company’s stock valued at $291,000 after buying an additional 385 shares during the period. Blue Trust Inc. boosted its position in DT Midstream by 83.0% during the third 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 period. Finally, Raymond James & Associates boosted its position in DT Midstream by 68.4% during the third 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 period. 81.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DTM. Stifel Nicolaus upgraded shares of DT Midstream from a “hold” rating to a “buy” rating and upped their price target for the company from $89.00 to $106.00 in a research report on Thursday, December 19th. The Goldman Sachs Group upped their price objective on shares of DT Midstream from $74.00 to $94.00 and gave the company a “sell” rating in a research note on Thursday, December 19th. Raymond James upped their price objective 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. 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 price objective for the company. Finally, Citigroup raised shares of DT Midstream from a “neutral” rating to a “buy” rating and upped their price objective for the company from $90.00 to $115.00 in a research note on Thursday, November 21st. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $101.56.

DT Midstream Price Performance

DTM stock opened at $101.93 on Thursday. DT Midstream, Inc. has a 1 year low of $55.05 and a 1 year high of $114.50. The company has a market cap of $9.90 billion, a P/E ratio of 24.80 and a beta of 0.79. The firm has a 50-day moving average of $103.03 and a 200 day moving average of $92.09. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.95 and a quick ratio of 0.95.

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.