Universal Beteiligungs und Servicegesellschaft mbH Purchases 4,593 Shares of DT Midstream, Inc. $DTM

Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of DT Midstream, Inc. (NYSE:DTM) by 39.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,308 shares of the company’s stock after acquiring an additional 4,593 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in DT Midstream were worth $1,844,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of DT Midstream by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 11,351,778 shares of the company’s stock valued at $1,247,674,000 after purchasing an additional 176,813 shares in the last quarter. 59 North Capital Management LP acquired a new stake in DT Midstream in the second quarter valued at about $226,757,000. Invesco Ltd. grew its position in DT Midstream by 15.4% in the second quarter. Invesco Ltd. now owns 1,664,052 shares of the company’s stock valued at $182,896,000 after acquiring an additional 222,586 shares during the last quarter. Norges Bank bought a new position in DT Midstream in the second quarter valued at about $143,743,000. Finally, Westwood Holdings Group Inc. lifted its holdings in shares of DT Midstream by 2.9% in the second quarter. Westwood Holdings Group Inc. now owns 1,086,517 shares of the company’s stock worth $119,419,000 after acquiring an additional 30,175 shares during the last quarter. 81.53% of the stock is owned by institutional investors.

DT Midstream Stock Up 0.4%

Shares of NYSE:DTM opened at $125.95 on Friday. The firm has a market cap of $12.81 billion, a P/E ratio of 31.80, a P/E/G ratio of 2.23 and a beta of 0.76. DT Midstream, Inc. has a 12-month low of $83.30 and a 12-month high of $126.37. The business has a fifty day simple moving average of $120.04 and a 200 day simple moving average of $111.81. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.69.

DT Midstream (NYSE:DTM) last issued its quarterly earnings results on Thursday, October 30th. The company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.10. DT Midstream had a return on equity of 8.83% and a net margin of 34.30%.The company had revenue of $314.00 million during the quarter, compared to analysts’ expectations of $309.21 million. During the same quarter in the prior year, the firm posted $0.90 earnings per share. Analysts predict that DT Midstream, Inc. will post 3.8 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Morgan Stanley lifted their price target on shares of DT Midstream from $126.00 to $137.00 and gave the company an “underweight” rating in a report on Wednesday, November 12th. Weiss Ratings restated a “buy (b)” rating on shares of DT Midstream in a research report on Wednesday, January 21st. Jefferies Financial Group set a $141.00 price target on shares of DT Midstream and gave the stock a “buy” rating in a report on Friday. Bank of America raised their price objective on DT Midstream from $118.00 to $132.00 and gave the company a “buy” rating in a report on Thursday, December 11th. Finally, Citigroup lifted their price target on DT Midstream from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Seven investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, DT Midstream presently has an average rating of “Moderate Buy” and an average price target of $125.91.

DT Midstream Company Profile

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.