Thrivent Financial for Lutherans Has $4.61 Million Stock Holdings in DT Midstream, Inc. $DTM

Thrivent Financial for Lutherans reduced its position in DT Midstream, Inc. (NYSE:DTM) by 27.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 40,787 shares of the company’s stock after selling 15,192 shares during the period. Thrivent Financial for Lutherans’ holdings in DT Midstream were worth $4,612,000 as of its most recent filing with the SEC.

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

DT Midstream Stock Performance

NYSE DTM opened at $128.66 on Friday. The firm has a 50-day moving average price of $120.84 and a two-hundred day moving average price of $112.74. DT Midstream, Inc. has a 12-month low of $83.30 and a 12-month high of $129.83. The company has a market capitalization of $13.08 billion, a P/E ratio of 32.49, a P/E/G ratio of 2.29 and a beta of 0.77. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.69.

Analyst Upgrades and Downgrades

DTM has been the topic of several research reports. Jefferies Financial Group set a $141.00 price objective on shares of DT Midstream and gave the company a “buy” rating in a report on Friday, January 30th. Barclays lifted their target price on shares of DT Midstream from $114.00 to $119.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 14th. Wells Fargo & Company increased their price target on shares of DT Midstream from $121.00 to $133.00 and gave the company an “overweight” rating in a report on Wednesday, December 17th. Morgan Stanley boosted their price objective on DT Midstream from $126.00 to $137.00 and gave the stock an “underweight” rating in a report on Wednesday, November 12th. Finally, JPMorgan Chase & Co. upped their target price on DT Midstream from $118.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday, December 2nd. Seven equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $125.91.

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.