Envestnet Asset Management Inc. Has $32.96 Million Holdings in DT Midstream, Inc. $DTM

Envestnet Asset Management Inc. lifted its holdings in DT Midstream, Inc. (NYSE:DTM) by 27.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 291,546 shares of the company’s stock after purchasing an additional 63,298 shares during the quarter. Envestnet Asset Management Inc. owned 0.29% of DT Midstream worth $32,962,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in DTM. Private Trust Co. NA lifted its position in DT Midstream by 23.6% during the 3rd quarter. Private Trust Co. NA now owns 535 shares of the company’s stock worth $60,000 after buying an additional 102 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in DT Midstream by 39.3% during the first quarter. Geneos Wealth Management Inc. now owns 436 shares of the company’s stock worth $42,000 after acquiring an additional 123 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its position in DT Midstream by 15.5% during the second quarter. Steward Partners Investment Advisory LLC now owns 970 shares of the company’s stock valued at $107,000 after purchasing an additional 130 shares during the last quarter. Westside Investment Management Inc. grew its stake in DT Midstream by 100.0% in the third quarter. Westside Investment Management Inc. now owns 290 shares of the company’s stock valued at $33,000 after purchasing an additional 145 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of DT Midstream by 8.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,955 shares of the company’s stock worth $221,000 after purchasing an additional 146 shares during the last quarter. Institutional investors own 81.53% of the company’s stock.

DT Midstream Stock Up 0.9%

Shares of DTM opened at $131.81 on Thursday. The firm has a market cap of $13.40 billion, a P/E ratio of 33.29, a price-to-earnings-growth ratio of 2.33 and a beta of 0.77. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.92 and a current ratio of 0.92. DT Midstream, Inc. has a 52 week low of $83.30 and a 52 week high of $133.16. The firm’s 50-day simple moving average is $121.51 and its 200 day simple moving average is $113.39.

Analysts Set New Price Targets

Several equities research analysts have recently commented on DTM shares. Bank of America increased their price objective on DT Midstream from $118.00 to $132.00 and gave the company a “buy” rating in a report on Thursday, December 11th. Weiss Ratings reissued a “buy (b)” rating on shares of DT Midstream in a research report on Wednesday, January 21st. Jefferies Financial Group set a $141.00 price objective on shares of DT Midstream and gave the stock a “buy” rating in a research note on Friday, January 30th. JPMorgan Chase & Co. raised their target price on shares of DT Midstream from $118.00 to $126.00 and gave the company a “neutral” rating in a research note on Tuesday, December 2nd. Finally, Wells Fargo & Company lifted their price target on DT Midstream from $121.00 to $133.00 and gave the stock an “overweight” rating in a report on Wednesday, December 17th. Seven equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $126.09.

About DT Midstream

DT Midstream Inc (NYSE: DTM) is a midstream energy company that owns and operates infrastructure for gathering, processing and treating hydrocarbons and produced water. Its core business activities encompass natural gas gathering, cryogenic processing, natural gas liquids (NGL) fractionation, and produced-water handling services. These integrated operations enable the company to capture and transport multiple hydrocarbon streams from wellhead to market and to provide essential water management solutions.

The company’s asset footprint is concentrated in the Delaware Basin in West Texas and southeastern New Mexico, where it serves a diverse range of exploration and production customers.