DT Midstream, Inc. (NYSE:DTM) Shares Purchased by Lazard Asset Management LLC

Lazard Asset Management LLC increased its holdings in shares of DT Midstream, Inc. (NYSE:DTMGet Rating) by 66.0% in the second quarter, Holdings Channel reports. The firm owned 2,437 shares of the company’s stock after acquiring an additional 969 shares during the period. Lazard Asset Management LLC’s holdings in DT Midstream were worth $119,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Lindbrook Capital LLC increased its position in DT Midstream by 1.9% during the 2nd quarter. Lindbrook Capital LLC now owns 9,930 shares of the company’s stock worth $487,000 after purchasing an additional 185 shares in the last quarter. HM Payson & Co. lifted its position in shares of DT Midstream by 29.0% during the first quarter. HM Payson & Co. now owns 916 shares of the company’s stock worth $50,000 after purchasing an additional 206 shares in the last quarter. Securian Asset Management Inc. lifted its position in shares of DT Midstream by 2.7% during the second quarter. Securian Asset Management Inc. now owns 8,818 shares of the company’s stock worth $432,000 after purchasing an additional 231 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in DT Midstream by 2.3% during the 2nd quarter. Exchange Traded Concepts LLC now owns 11,767 shares of the company’s stock valued at $577,000 after purchasing an additional 268 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in DT Midstream by 5.0% during the 1st quarter. American Century Companies Inc. now owns 5,889 shares of the company’s stock worth $320,000 after buying an additional 278 shares during the period. Institutional investors and hedge funds own 77.66% of the company’s stock.

Analyst Ratings Changes

DTM has been the topic of several analyst reports. Barclays lifted their price target on shares of DT Midstream from $63.00 to $67.00 and gave the stock an “overweight” rating in a research note on Monday, October 31st. Wolfe Research downgraded shares of DT Midstream from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, November 16th. Morgan Stanley lifted their price target on shares of DT Midstream from $60.00 to $64.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 19th. Finally, Mizuho downgraded shares of DT Midstream from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $67.00 to $62.00 in a research note on Monday, October 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $61.17.

DT Midstream Price Performance

DTM opened at $59.54 on Wednesday. The company has a 50-day moving average of $56.29 and a 200-day moving average of $54.69. The company has a market capitalization of $5.76 billion, a P/E ratio of 15.59 and a beta of 0.88. DT Midstream, Inc. has a 1-year low of $44.70 and a 1-year high of $61.12. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.14 and a current ratio of 2.14.

DT Midstream (NYSE:DTMGet Rating) last released its earnings results on Friday, October 28th. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.04. The company had revenue of $235.00 million during the quarter, compared to the consensus estimate of $230.73 million. DT Midstream had a net margin of 41.33% and a return on equity of 8.24%. Equities analysts expect that DT Midstream, Inc. will post 3.45 EPS for the current fiscal year.

About DT Midstream

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DT Midstream, Inc provides integrated natural gas services in the United States. The company operates through two segments, Pipeline and Gathering. It develops, owns, and operates an integrated portfolio of interstate pipelines, intrastate pipelines, storage systems, lateral pipelines, gathering systems, related treatment plants, and compression and surface facilities.

See Also

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Institutional Ownership by Quarter for DT Midstream (NYSE:DTM)

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