Janney Montgomery Scott LLC Raises Stake in DT Midstream, Inc. (NYSE:DTM)

Janney Montgomery Scott LLC boosted its position in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) by 70.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,577 shares of the company's stock after buying an additional 4,365 shares during the period. Janney Montgomery Scott LLC's holdings in DT Midstream were worth $1,052,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. increased its holdings in shares of DT Midstream by 324.3% in the 3rd quarter. UMB Bank n.a. now owns 314 shares of the company's stock valued at $25,000 after acquiring an additional 240 shares during the period. V Square Quantitative Management LLC purchased a new position in DT Midstream during the 3rd quarter worth $29,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of DT Midstream in the third quarter valued at about $29,000. AdvisorNet Financial Inc boosted 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 worth $31,000 after buying an additional 160 shares during the period. Finally, Brooklyn Investment Group acquired a new stake in shares of DT Midstream during the third quarter worth about $40,000. Hedge funds and other institutional investors own 81.53% of the company's stock.

DT Midstream Price Performance

DTM traded down $1.93 during midday trading on Thursday, reaching $101.30. 743,004 shares of the company's stock were exchanged, compared to its average volume of 952,225. DT Midstream, Inc. has a 1-year low of $51.17 and a 1-year high of $114.50. The stock has a market capitalization of $9.84 billion, a PE ratio of 24.65 and a beta of 0.79. 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 business's 50-day moving average price is $103.34 and its 200 day moving average price is $90.26.

Analyst Ratings Changes

Several analysts have commented on the company. Barclays started coverage on DT Midstream in a research note on Friday, January 10th. They set an "equal weight" rating and a $112.00 price objective for the company. Morgan Stanley raised 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. Wells Fargo & Company upped their price objective on DT Midstream from $87.00 to $100.00 and gave the stock an "overweight" rating in a report on Thursday, October 31st. The Goldman Sachs Group boosted their target price on shares of DT Midstream from $74.00 to $94.00 and gave the stock a "sell" rating in a research report on Thursday, December 19th. Finally, Raymond James increased their price target 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 investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $101.56.

About DT Midstream

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.