5 Oil and Gas Stocks in Billionaire Steve Cohen’s Portfolio

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

Point72 Asset Management’s Stake Value: $70.25 million

Percentage of Point72 Asset Management’s 13F Portfolio: 0.3%

Number of Hedge Fund Holders: 22

DT Midstream, Inc. (NYSE:DTM) is a US-based midstream natural gas company. The company was founded in 2021 and operates in Northeastern and Midwestern United States and Canada. DT Midstream, Inc. (NYSE:DTM) owns gas storage assets with a capacity of 94 Bcf, in addition to 290 miles of lateral pipelines.

At the end of the third quarter of 2021, Point 72 Asset Management held 1.52 million shares of DT Midstream, Inc. (NYSE:DTM) worth $70.25 million, representing 0.3% of the fund’s portfolio. Point72 Asset Management holds the third biggest position in the company’s shares after Zimmer Partners and Sessa Capital.

The hedge fund sentiment towards DT Midstream, Inc. (NYSE:DTM) increased drastically in the third quarter of 2021 with 22 hedge funds having stakes worth $482.42 million, compared to 4 worth $13.166 million in the previous quarter.