DT Midstream, Inc. (NYSE:DTM) Shares Acquired by Spire Wealth Management

Spire Wealth Management grew its position in DT Midstream, Inc. (NYSE:DTM) by 242.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,385 shares of the company’s stock after acquiring an additional 981 shares during the period. Spire Wealth Management’s holdings in DT Midstream were worth $138,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. State Street Corp raised its position in shares of DT Midstream by 6.4% during the 3rd quarter. State Street Corp now owns 3,385,579 shares of the company’s stock worth $268,757,000 after purchasing an additional 202,447 shares during the last quarter. Geode Capital Management LLC raised its position in shares of DT Midstream by 4.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,066,278 shares of the company’s stock worth $162,567,000 after purchasing an additional 85,462 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of DT Midstream by 30.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,156,598 shares of the company’s stock worth $90,978,000 after purchasing an additional 267,269 shares during the last quarter. Brookfield Corp ON raised its position in shares of DT Midstream by 171.3% during the 3rd quarter. Brookfield Corp ON now owns 1,038,501 shares of the company’s stock worth $81,689,000 after purchasing an additional 655,695 shares during the last quarter. Finally, FMR LLC raised its position in shares of DT Midstream by 1,476.9% during the 3rd quarter. FMR LLC now owns 805,950 shares of the company’s stock worth $63,396,000 after purchasing an additional 754,839 shares during the last quarter. Institutional investors and hedge funds own 81.53% of the company’s stock.

DT Midstream Stock Performance

DT Midstream stock opened at $101.88 on Friday. The firm has a 50 day simple moving average of $103.17 and a 200-day simple moving average of $90.52. DT Midstream, Inc. has a 1-year low of $51.17 and a 1-year high of $114.50. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market cap of $9.90 billion, a price-to-earnings ratio of 24.79 and a beta of 0.79.

Analyst Ratings Changes

Several research analysts recently weighed in on DTM shares. Stifel Nicolaus upgraded shares of DT Midstream from a “hold” rating to a “buy” rating and upped their price target for the stock from $89.00 to $106.00 in a research report on Thursday, December 19th. Wells Fargo & Company increased their price objective on shares of DT Midstream from $87.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. increased their price objective on shares of DT Midstream from $109.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, January 24th. The Goldman Sachs Group increased their price objective on shares of DT Midstream from $74.00 to $94.00 and gave the company a “sell” rating in a report on Thursday, December 19th. Finally, Raymond James increased their price objective on shares of DT Midstream from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $101.56.

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.