DT Midstream (NYSE:DTM) PT Lowered to $64.00

DT Midstream (NYSE:DTM – Get Rating) had its price target reduced by investment analysts at Barclays from $67.00 to $64.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price objective suggests a potential upside of 20.26% from the company’s current price.

Several other research firms also recently weighed in on DTM. Wells Fargo & Company downgraded shares of DT Midstream from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $68.00 to $62.00 in a report on Friday, December 16th. Wolfe Research downgraded shares of DT Midstream from an “outperform” rating to a “peer perform” rating in a report on Wednesday, November 16th. Mizuho downgraded shares of DT Midstream from a “buy” rating to a “neutral” rating and dropped their target price for the company from $67.00 to $62.00 in a report on Monday, October 31st. Citigroup started coverage on shares of DT Midstream in a report on Thursday, December 8th. They set a “sell” rating and a $54.00 target price for the company. Finally, Morgan Stanley raised their target price on shares of DT Midstream from $60.00 to $64.00 and gave the company an “underweight” rating in a report on Wednesday, October 19th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, DT Midstream presently has an average rating of “Hold” and an average target price of $60.29.

DT Midstream Stock Performance

Shares of DTM opened at $53.22 on Wednesday. The company has a 50-day simple moving average of $56.62 and a 200-day simple moving average of $55.40. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $5.15 billion, a PE ratio of 13.93 and a beta of 0.86. DT Midstream has a 52-week low of $45.58 and a 52-week high of $61.12.

DT Midstream (NYSE:DTM – Get Rating) last announced its quarterly earnings results on Friday, October 28th. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.04. The business had revenue of $235.00 million during the quarter, compared to the consensus estimate of $230.73 million. DT Midstream had a net margin of 41.33% and a return on equity of 8.24%. Equities research analysts predict that DT Midstream will post 3.88 earnings per share for the current fiscal year.

Institutional Investors Weigh In On DT Midstream

Several hedge funds have recently modified their holdings of the company. Lindbrook Capital LLC boosted its stake in shares of DT Midstream by 1.9% during the 2nd quarter. Lindbrook Capital LLC now owns 9,930 shares of the company’s stock worth $487,000 after purchasing an additional 185 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in shares of DT Midstream by 1.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 11,740 shares of the company’s stock worth $649,000 after acquiring an additional 189 shares during the last quarter. Princeton Global Asset Management LLC boosted its position in shares of DT Midstream by 7.3% in the third quarter. Princeton Global Asset Management LLC now owns 2,923 shares of the company’s stock worth $152,000 after acquiring an additional 200 shares during the last quarter. Securian Asset Management Inc. boosted its position in shares of DT Midstream by 2.7% in the second quarter. Securian Asset Management Inc. now owns 8,818 shares of the company’s stock worth $432,000 after acquiring an additional 231 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of DT Midstream by 5.0% in the first quarter. American Century Companies Inc. now owns 5,889 shares of the company’s stock worth $320,000 after acquiring an additional 278 shares during the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.

DT Midstream Company Profile

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DT Midstream, Inc provides integrated natural gas services in the United States. The company operates through two segments, Pipeline and Gathering. It develops, owns, and operates an integrated portfolio of interstate pipelines, intrastate pipelines, storage systems, lateral pipelines, gathering systems, related treatment plants, and compression and surface facilities.