Robeco Institutional Asset Management B.V. Cuts Position in DT Midstream, Inc. (NYSE:DTM)

Robeco Institutional Asset Management B.V. cut its stake in DT Midstream, Inc. (NYSE:DTM) by 18.0% in the 4th quarter, Holdings Channel reports. The fund owned 13,471 shares of the company’s stock after selling 2,951 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in DT Midstream were worth $1,339,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. State Street Corp grew its position in DT Midstream by 6.4% in the third quarter. State Street Corp now owns 3,385,579 shares of the company’s stock worth $268,757,000 after acquiring an additional 202,447 shares in the last quarter. Geode Capital Management LLC grew its position in DT Midstream by 4.3% in the third quarter. Geode Capital Management LLC now owns 2,066,278 shares of the company’s stock worth $162,567,000 after acquiring an additional 85,462 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in DT Midstream by 30.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,156,598 shares of the company’s stock worth $90,978,000 after acquiring an additional 267,269 shares in the last quarter. Brookfield Corp ON lifted its stake in DT Midstream by 171.3% in the third 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 lifted its stake in DT Midstream by 1,476.9% in the third quarter. FMR LLC now owns 805,950 shares of the company’s stock worth $63,396,000 after purchasing an additional 754,839 shares during the last quarter. 81.53% of the stock is currently owned by hedge funds and other institutional investors.

DT Midstream Price Performance

Shares of NYSE DTM opened at $101.72 on Tuesday. DT Midstream, Inc. has a 1 year low of $51.17 and a 1 year high of $114.50. 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 company’s 50-day moving average is $103.50 and its 200 day moving average is $89.97. The stock has a market capitalization of $9.88 billion, a P/E ratio of 24.75 and a beta of 0.79.

Wall Street Analyst Weigh In

Several research firms have weighed in on DTM. Citigroup raised shares of DT Midstream from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $90.00 to $115.00 in a research note on Thursday, November 21st. Morgan Stanley boosted their price target on shares of DT Midstream from $82.00 to $92.00 and gave the stock an “underweight” rating in a research note on Friday, October 25th. Wells Fargo & Company boosted their price target on shares of DT Midstream from $87.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Raymond James boosted their price target on shares of DT Midstream from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Finally, Barclays began coverage on shares of 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. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, DT Midstream currently 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.