Miller Howard Investments Inc. NY Raises Holdings in DT Midstream, Inc. (NYSE:DTM)

Miller Howard Investments Inc. NY boosted its stake in DT Midstream, Inc. (NYSE:DTM) by 17.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 227,187 shares of the company’s stock after buying an additional 34,133 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in DT Midstream were worth $22,589,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. State Street Corp lifted its position in shares of DT Midstream by 6.4% in the third 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 in the last quarter. Geode Capital Management LLC raised its stake in DT Midstream by 4.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,066,278 shares of the company’s stock valued at $162,567,000 after purchasing an additional 85,462 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings 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 valued at $90,978,000 after purchasing an additional 267,269 shares in the last quarter. Brookfield Corp ON boosted its stake 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 grew its holdings 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 worth $63,396,000 after buying an additional 754,839 shares in the last quarter. Institutional investors and hedge funds own 81.53% of the company’s stock.

DT Midstream Stock Performance

Shares of DTM stock opened at $101.88 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61. The company has a market cap of $9.90 billion, a PE ratio of 24.79 and a beta of 0.79. The company’s fifty day simple moving average is $103.17 and its 200-day simple moving average is $90.62. DT Midstream, Inc. has a 52 week low of $51.17 and a 52 week high of $114.50.

Wall Street Analysts Forecast Growth

DTM has been the subject of several recent analyst reports. JPMorgan Chase & Co. lifted their target price on shares of DT Midstream from $109.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, January 24th. Barclays assumed coverage on DT Midstream in a research report on Friday, January 10th. They issued an “equal weight” rating and a $112.00 price objective for the company. Stifel Nicolaus upgraded DT Midstream from a “hold” rating to a “buy” rating and increased their target price for the stock from $89.00 to $106.00 in a research report on Thursday, December 19th. Wells Fargo & Company lifted their price target on DT Midstream from $87.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Finally, Citigroup raised shares of DT Midstream from a “neutral” rating to a “buy” rating and raised their target price for the stock from $90.00 to $115.00 in a research report on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, DT Midstream presently has an average rating of “Hold” and an average target price 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.