ProShare Advisors LLC Grows Stake in DT Midstream, Inc. $DTM

ProShare Advisors LLC raised its holdings in DT Midstream, Inc. (NYSE:DTM) by 1.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 356,542 shares of the company’s stock after buying an additional 6,677 shares during the quarter. ProShare Advisors LLC owned about 0.35% of DT Midstream worth $40,311,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DTM. Mather Group LLC. bought a new stake in DT Midstream in the third quarter valued at $30,000. First Horizon Corp bought a new position in DT Midstream in the 3rd quarter worth $32,000. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of DT Midstream in the 2nd quarter worth about $33,000. WFA of San Diego LLC purchased a new stake in shares of DT Midstream in the 2nd quarter worth about $33,000. Finally, Root Financial Partners LLC bought a new stake in shares of DT Midstream during the 3rd quarter valued at about $33,000. Institutional investors own 81.53% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of DT Midstream from $118.00 to $126.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 2nd. Barclays lifted their price objective on DT Midstream from $114.00 to $119.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 14th. Jefferies Financial Group set a $141.00 target price on DT Midstream and gave the stock a “buy” rating in a research report on Friday, January 30th. Stifel Nicolaus raised their target price on DT Midstream from $119.00 to $121.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Finally, Wells Fargo & Company lifted their price target on DT Midstream from $121.00 to $133.00 and gave the company an “overweight” rating in a research report on Wednesday, December 17th. Seven analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, DT Midstream currently has an average rating of “Moderate Buy” and an average price target of $125.91.

DT Midstream Trading Up 1.7%

DT Midstream stock opened at $130.72 on Tuesday. DT Midstream, Inc. has a 12 month low of $83.30 and a 12 month high of $131.05. The company has a market capitalization of $13.29 billion, a price-to-earnings ratio of 33.01, a price-to-earnings-growth ratio of 2.29 and a beta of 0.77. The business’s fifty day simple moving average is $121.04 and its two-hundred day simple moving average is $113.04. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.69.

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.