Janney Montgomery Scott LLC purchased a new stake in DT Midstream, Inc. (NYSE:DTM – Get 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
DT Midstream Profile
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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