Barclays Lowers DT Midstream (NYSE:DTM) Price Target to $107.00

DT Midstream (NYSE:DTM) had its price objective lowered by stock analysts at Barclays from $112.00 to $107.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s target price indicates a potential upside of 9.45% from the company’s current price.

Several other brokerages have also issued reports on DTM. The Goldman Sachs Group boosted their price target on DT Midstream from $74.00 to $94.00 and gave the company a “sell” rating in a research note on Thursday, December 19th. Citigroup raised DT Midstream from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $90.00 to $115.00 in a research note on Thursday, November 21st. Wells Fargo & Company lowered their target price on DT Midstream from $118.00 to $108.00 and set an “overweight” rating for the company in a research note on Friday, February 28th. JPMorgan Chase & Co. upped their price target on shares of DT Midstream from $109.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. Finally, Raymond James raised their price objective on shares of DT Midstream from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, DT Midstream has a consensus rating of “Hold” and an average target price of $101.50.

DT Midstream Stock Performance

Shares of DTM traded down $1.49 during mid-day trading on Friday, hitting $97.76. The company’s stock had a trading volume of 460,730 shares, compared to its average volume of 1,092,165. The stock’s 50-day moving average is $100.24 and its two-hundred day moving average is $94.84. DT Midstream has a one year low of $58.99 and a one year high of $114.50. 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 $9.93 billion, a PE ratio of 23.79 and a beta of 0.80.

Insider Buying and Selling at DT Midstream

In other DT Midstream news, Director Robert C. Skaggs, Jr. bought 1,000 shares of DT Midstream stock in a transaction on Monday, March 10th. The shares were purchased at an average price of $86.92 per share, with a total value of $86,920.00. Following the acquisition, the director now owns 38,653 shares in the company, valued at $3,359,718.76. This trade represents a 2.66 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought a total of 1,170 shares of company stock valued at $103,357 in the last ninety days. 0.04% of the stock is currently owned by company insiders.

Institutional Trading of DT Midstream

Several institutional investors and hedge funds have recently modified their holdings of DTM. Louisiana State Employees Retirement System lifted its stake in shares of DT Midstream by 0.4% in the 4th quarter. Louisiana State Employees Retirement System now owns 27,000 shares of the company’s stock valued at $2,685,000 after acquiring an additional 100 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of DT Midstream by 15.0% during the fourth quarter. Jones Financial Companies Lllp now owns 768 shares of the company’s stock valued at $76,000 after acquiring an additional 100 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of DT Midstream by 17.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 696 shares of the company’s stock valued at $69,000 after purchasing an additional 105 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in DT Midstream by 1.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 12,137 shares of the company’s stock worth $1,235,000 after buying an additional 116 shares during the last quarter. Finally, Lakeshore Financial Planning Inc. raised its holdings in shares of DT Midstream by 4.2% in the 4th quarter. Lakeshore Financial Planning Inc. now owns 2,868 shares of the company’s stock worth $285,000 after purchasing an additional 116 shares during the period. 81.53% of the stock is currently owned by institutional investors.

About DT Midstream

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.