FSA Advisors Inc. Decreases Position in DT Midstream, Inc. (NYSE:DTM)

FSA Advisors Inc. cut its holdings in DT Midstream, Inc. (NYSE:DTM) by 49.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,310 shares of the company’s stock after selling 2,299 shares during the period. FSA Advisors Inc.’s holdings in DT Midstream were worth $225,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. State Street Corp lifted its stake in shares of DT Midstream by 6.4% in the 3rd quarter. State Street Corp now owns 3,385,579 shares of the company’s stock valued at $268,757,000 after acquiring an additional 202,447 shares during the last quarter. Geode Capital Management LLC grew its position in 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 acquiring an additional 85,462 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in DT Midstream by 30.1% in 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 period. Brookfield Corp ON lifted its position in DT Midstream by 171.3% in the third quarter. Brookfield Corp ON now owns 1,038,501 shares of the company’s stock valued at $81,689,000 after purchasing an additional 655,695 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of DT Midstream by 1,476.9% during the third quarter. FMR LLC now owns 805,950 shares of the company’s stock valued at $63,396,000 after purchasing an additional 754,839 shares during the period. 81.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DTM has been the topic of several analyst reports. Stifel Nicolaus raised shares of DT Midstream from a “hold” rating to a “buy” rating and lifted their target price for the stock from $89.00 to $106.00 in a research note on Thursday, December 19th. JPMorgan Chase & Co. increased their target price on shares of DT Midstream from $109.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, January 24th. Morgan Stanley boosted their price target on DT Midstream from $82.00 to $92.00 and gave the company an “underweight” rating in a report on Friday, October 25th. The Goldman Sachs Group upped their price target on DT Midstream from $74.00 to $94.00 and gave the company a “sell” rating in a research report on Thursday, December 19th. Finally, Barclays began coverage on DT Midstream in a research report on Friday, January 10th. They issued an “equal weight” rating and a $112.00 price objective on the stock. Two equities research 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. According to data from MarketBeat.com, DT Midstream currently has an average rating of “Hold” and a consensus price target of $101.56.

DT Midstream Trading Up 2.1 %

DTM opened at $102.68 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.61. DT Midstream, Inc. has a 52 week low of $51.17 and a 52 week high of $114.50. The stock has a market cap of $9.98 billion, a PE ratio of 24.98 and a beta of 0.79. The business has a 50 day moving average of $103.73 and a 200-day moving average of $89.30.

DT Midstream (NYSE:DTM) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.05). The firm had revenue of $248.00 million for the quarter, compared to analysts’ expectations of $242.64 million. DT Midstream had a net margin of 41.19% and a return on equity of 9.31%. During the same period in the prior year, the business posted $0.94 EPS. Equities research analysts predict that DT Midstream, Inc. will post 3.8 earnings per share for the current fiscal year.

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.