4 Best Energy Stocks to Buy According to Stuart Zimmer’s Hedge Fund

2. DT Midstream, Inc. (NYSE:DTM)

Zimmer Partners’ Stake Value: $191,998,000
Percentage of Zimmer Partners’ 13F Portfolio: 2.86%
Number of Hedge Fund Holders: 17

DT Midstream, Inc. (NYSE:DTM) is the investor, operator, and manager of a natural gas midstream asset portfolio. Pipeline and Gathering are the two segments in which the company works. According to Insider Monkey’s fourth quarter database, 17 hedge funds were bullish on DT Midstream, Inc. (NYSE:DTM), compared to 22 funds in the previous quarter.

Zimmer Partners is the leading shareholder of DT Midstream, Inc. (NYSE:DTM), owning 4 million shares of the company, worth over $192 million. Next on the list is Sessa Capital, which holds 2.89 million shares of DT Midstream, Inc. (NYSE:DTM), valued at more than $138.86 million.

Spiro Dounis, a Credit Suisse analyst, lowered DT Midstream, Inc. (NYSE:DTM) from Outperform to Neutral with a price target of $58, up from $55. The analyst highlighted valuation as the reason for the downgrade, followed by DT Midstream, Inc. (NYSE:DTM)’s recent outperformance.