Janney Montgomery Scott LLC Takes Position in DT Midstream, Inc. (NYSE:DTM)

Janney Montgomery Scott LLC purchased a new stake in DT Midstream, Inc. (NYSE:DTMGet Rating) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,685 shares of the company’s stock, valued at approximately $337,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AE Wealth Management LLC acquired a new stake in DT Midstream during the second quarter worth approximately $1,085,000. DekaBank Deutsche Girozentrale acquired a new stake in DT Midstream during the second quarter worth approximately $187,000. Tiedemann Advisors LLC acquired a new stake in DT Midstream during the second quarter worth approximately $784,000. Treasurer of the State of North Carolina grew its stake in DT Midstream by 15.3% during the second quarter. Treasurer of the State of North Carolina now owns 40,996 shares of the company’s stock worth $2,010,000 after purchasing an additional 5,440 shares during the period. Finally, Xponance Inc. grew its stake in DT Midstream by 7.4% during the second quarter. Xponance Inc. now owns 11,450 shares of the company’s stock worth $561,000 after purchasing an additional 787 shares during the period. Institutional investors and hedge funds own 77.66% of the company’s stock.

DT Midstream Stock Up 0.5 %

DTM stock opened at $60.34 on Tuesday. DT Midstream, Inc. has a twelve month low of $44.70 and a twelve month high of $61.12. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.74. The stock’s 50 day moving average is $55.95 and its 200-day moving average is $54.55. The firm has a market capitalization of $5.84 billion, a PE ratio of 15.80 and a beta of 0.88.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on DTM shares. Morgan Stanley raised their target price on DT Midstream from $60.00 to $64.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 19th. Mizuho cut DT Midstream from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $67.00 to $62.00 in a research note on Monday, October 31st. Finally, Barclays raised their price objective on DT Midstream from $63.00 to $67.00 and gave the company an “overweight” rating in a research note on Monday, October 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $61.17.

DT Midstream Profile

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DT Midstream, Inc provides integrated natural gas services in the United States. The company operates through two segments, Pipeline and Gathering. It develops, owns, and operates an integrated portfolio of interstate pipelines, intrastate pipelines, storage systems, lateral pipelines, gathering systems, related treatment plants, and compression and surface facilities.

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Institutional Ownership by Quarter for DT Midstream (NYSE:DTM)

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