ProShare Advisors LLC Raises Position in DT Midstream, Inc. $DTM

ProShare Advisors LLC lifted its position in DT Midstream, Inc. (NYSE:DTM) by 1.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 356,542 shares of the company’s stock after buying an additional 6,677 shares during the period. ProShare Advisors LLC’s holdings in DT Midstream were worth $40,311,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Stifel Nicolaus upped their price target on DT Midstream from $119.00 to $121.00 and gave the company a “buy” rating in a report on Friday, October 31st. Wells Fargo & Company boosted their target price on DT Midstream from $121.00 to $133.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 17th. Bank of America upped their target price on shares of DT Midstream from $118.00 to $132.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of DT Midstream in a report on Wednesday, January 21st. Finally, Morgan Stanley boosted their price objective 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. Seven research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $125.91.

DT Midstream Price Performance

NYSE DTM opened at $130.72 on Tuesday. The company has a 50-day moving average price of $121.04 and a 200-day moving average price of $113.04. DT Midstream, Inc. has a 52 week low of $83.30 and a 52 week high of $131.05. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $13.29 billion, a P/E ratio of 33.01, a PEG ratio of 2.29 and a beta of 0.77.

DT Midstream 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.