Empowered Funds LLC Invests $6.43 Million in DT Midstream, Inc. (NYSE:DTM)

Empowered Funds LLC bought a new stake in shares of DT Midstream, Inc. (NYSE:DTM) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 64,684 shares of the company’s stock, valued at approximately $6,432,000. Empowered Funds LLC owned 0.07% of DT Midstream as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. UMB Bank n.a. lifted its position in shares of DT Midstream by 324.3% during the third quarter. UMB Bank n.a. now owns 314 shares of the company’s stock worth $25,000 after purchasing an additional 240 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in DT Midstream in the 3rd quarter worth $29,000. Wilmington Savings Fund Society FSB purchased a new position in DT Midstream in the 3rd quarter valued at about $29,000. AdvisorNet Financial Inc grew its stake in shares of DT Midstream by 106.7% during the fourth quarter. AdvisorNet Financial Inc now owns 310 shares of the company’s stock valued at $31,000 after acquiring an additional 160 shares in the last quarter. Finally, Sound Income Strategies LLC lifted its stake in shares of DT Midstream by 93.7% in the fourth quarter. Sound Income Strategies LLC now owns 337 shares of the company’s stock worth $34,000 after acquiring an additional 163 shares in the last quarter. 81.53% of the stock is owned by institutional investors and hedge funds.

DT Midstream Price Performance

Shares of NYSE:DTM opened at $101.63 on Tuesday. The company has a market cap of $9.87 billion, a PE ratio of 24.73 and a beta of 0.79. DT Midstream, Inc. has a fifty-two week low of $51.17 and a fifty-two week high of $114.50. The firm has a 50-day simple moving average of $103.15 and a 200 day simple moving average of $90.93. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.61.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Citigroup upgraded DT Midstream from a “neutral” rating to a “buy” rating and raised their price objective for the company from $90.00 to $115.00 in a research note on Thursday, November 21st. Morgan Stanley lifted their price target on shares of DT Midstream from $82.00 to $92.00 and gave the stock an “underweight” rating in a research note on Friday, October 25th. Stifel Nicolaus upgraded shares of DT Midstream from a “hold” rating to a “buy” rating and increased their price objective for the company from $89.00 to $106.00 in a research note on Thursday, December 19th. Wells Fargo & Company boosted their target price on shares of DT Midstream from $87.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. increased their price target on shares of DT Midstream from $109.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, DT Midstream currently has a consensus rating of “Hold” and an average price target of $101.56.

DT Midstream 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.