Stifel Nicolaus Downgrades DT Midstream (NYSE:DTM) to Hold

DT Midstream (NYSE:DTM) was downgraded by Stifel Nicolaus from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, Marketbeat.com reports. They currently have a $89.00 price target on the stock, up from their previous price target of $78.00. Stifel Nicolaus’ price target points to a potential downside of 1.30% from the company’s previous close.

A number of other equities research analysts have also weighed in on DTM. Barclays boosted their target price on shares of DT Midstream from $76.00 to $85.00 and gave the stock an “overweight” rating in a report on Thursday, October 3rd. Wells Fargo & Company boosted their target price on shares of DT Midstream from $77.00 to $87.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Citigroup upped their price objective on shares of DT Midstream from $62.00 to $76.00 and gave the company a “neutral” rating in a research note on Wednesday, September 4th. Morgan Stanley upped their price objective on shares of DT Midstream from $82.00 to $92.00 and gave the company an “underweight” rating in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. upped their price objective on shares of DT Midstream from $78.00 to $83.00 and gave the company a “neutral” rating in a research note on Friday, October 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $80.38.

DT Midstream Price Performance

DTM stock opened at $90.17 on Wednesday. DT Midstream has a 1 year low of $51.17 and a 1 year high of $91.50. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market cap of $8.76 billion, a price-to-earnings ratio of 21.94 and a beta of 0.74. The company has a 50 day simple moving average of $81.11 and a 200 day simple moving average of $73.19.

DT Midstream (NYSE:DTM) last posted its earnings results on Tuesday, October 29th. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.05). DT Midstream had a return on equity of 9.45% and a net margin of 42.10%. The business had revenue of $248.00 million for the quarter, compared to the consensus estimate of $242.64 million. During the same period in the previous year, the firm earned $0.94 earnings per share. Research analysts anticipate that DT Midstream will post 3.99 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. UMB Bank n.a. boosted its stake in DT Midstream by 324.3% during the third quarter. UMB Bank n.a. now owns 314 shares of the company’s stock worth $25,000 after acquiring an additional 240 shares in the last quarter. Family Firm Inc. bought a new position in DT Midstream during the second quarter worth $26,000. V Square Quantitative Management LLC bought a new position in DT Midstream during the third quarter worth $29,000. First Command Advisory Services Inc. bought a new position in DT Midstream during the second quarter worth $31,000. Finally, American National Bank raised its holdings in DT Midstream by 100.0% during the second quarter. American National Bank now owns 468 shares of the company’s stock worth $33,000 after buying an additional 234 shares during the last quarter. 81.53% of the stock is 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.