DT Midstream (NYSE:DTM) Price Target Raised to $115.00

DT Midstream (NYSE:DTM) had its price target upped by investment analysts at JPMorgan Chase & Co. from $109.00 to $115.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 3.54% from the stock’s previous close.

DTM has been the topic of a number of other research reports. Citigroup raised shares of DT Midstream from a “neutral” rating to a “buy” rating and raised their target price for the company from $90.00 to $115.00 in a research note on Thursday, November 21st. Barclays assumed coverage on DT Midstream in a research note on Friday, January 10th. They set an “equal weight” rating and a $112.00 price objective on the stock. Morgan Stanley increased their target price on DT Midstream from $82.00 to $92.00 and gave the company an “underweight” rating in a research note on Friday, October 25th. Stifel Nicolaus raised DT Midstream from a “hold” rating to a “buy” rating and boosted their price target for the stock from $89.00 to $106.00 in a research report on Thursday, December 19th. Finally, Wells Fargo & Company increased their price objective on shares of DT Midstream from $87.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, DT Midstream presently has an average rating of “Hold” and a consensus target price of $99.88.

DT Midstream Trading Down 0.3 %

DT Midstream stock traded down $0.29 during trading on Friday, reaching $111.06. The company had a trading volume of 132,962 shares, compared to its average volume of 772,528. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market capitalization of $10.79 billion, a price-to-earnings ratio of 27.02 and a beta of 0.79. DT Midstream has a 12-month low of $51.17 and a 12-month high of $114.50. The stock’s 50 day moving average price is $103.83 and its two-hundred day moving average price is $88.19.

DT Midstream (NYSE:DTM) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.05). DT Midstream had a return on equity of 9.31% and a net margin of 41.19%. The firm had revenue of $248.00 million during the quarter, compared to analysts’ expectations of $242.64 million. During the same quarter last year, the business earned $0.94 earnings per share. As a group, equities analysts expect that DT Midstream will post 3.84 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Caprock Group LLC increased its position in shares of DT Midstream by 68.2% in the 4th quarter. Caprock Group LLC now owns 6,827 shares of the company’s stock worth $683,000 after purchasing an additional 2,769 shares during the last quarter. Crews Bank & Trust acquired a new stake in DT Midstream during the fourth quarter valued at approximately $53,000. Hantz Financial Services Inc. lifted its holdings in DT Midstream by 5.7% during the 4th quarter. Hantz Financial Services Inc. now owns 9,221 shares of the company’s stock worth $917,000 after buying an additional 500 shares during the last quarter. Perigon Wealth Management LLC grew its position in shares of DT Midstream by 16.3% in the 4th quarter. Perigon Wealth Management LLC now owns 5,032 shares of the company’s stock worth $500,000 after acquiring an additional 707 shares in the last quarter. Finally, KBC Group NV increased its holdings in shares of DT Midstream by 57.3% in the 4th quarter. KBC Group NV now owns 4,234 shares of the company’s stock valued at $421,000 after acquiring an additional 1,542 shares during the last quarter. 81.53% of the stock is currently owned by institutional investors.

DT Midstream Company 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.