DT Midstream (NYSE:DTM) Price Target Raised to $92.00 at Barclays

DT Midstream (NYSE:DTM) had its price objective increased by Barclays from $85.00 to $92.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price would suggest a potential downside of 0.24% from the stock’s current price.

Several other analysts have also commented on the company. JPMorgan Chase & Co. raised their price objective on DT Midstream from $78.00 to $83.00 and gave the company a “neutral” rating in a report on Friday, October 4th. Wells Fargo & Company increased their target price on DT Midstream from $87.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Citigroup boosted their price target on shares of DT Midstream from $62.00 to $76.00 and gave the stock a “neutral” rating in a report on Wednesday, September 4th. Stifel Nicolaus downgraded shares of DT Midstream from a “buy” rating to a “hold” rating and increased their price objective for the company from $78.00 to $89.00 in a report on Wednesday, October 30th. Finally, Morgan Stanley boosted their target price on shares of DT Midstream from $82.00 to $92.00 and gave the stock an “underweight” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, DT Midstream has an average rating of “Hold” and an average target price of $80.44.

DT Midstream Price Performance

NYSE:DTM opened at $92.22 on Monday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.95 and a quick ratio of 0.95. The company has a 50 day moving average price of $81.64 and a 200-day moving average price of $73.73. DT Midstream has a 1-year low of $51.17 and a 1-year high of $92.47. The firm has a market cap of $8.96 billion, a price-to-earnings ratio of 22.44 and a beta of 0.71.

DT Midstream (NYSE:DTM) last issued its quarterly earnings data 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 9.31% and a net margin of 41.19%. The firm had revenue of $248.00 million during the quarter, compared to analyst estimates of $242.64 million. During the same quarter last year, the company posted $0.94 EPS. Equities research analysts forecast that DT Midstream will post 3.96 EPS for the current year.

Institutional Trading of DT Midstream

Several large investors have recently bought and sold shares of the business. Blue Trust Inc. boosted its holdings in shares of DT Midstream by 16.0% during the 2nd quarter. Blue Trust Inc. now owns 1,032 shares of the company’s stock worth $73,000 after purchasing an additional 142 shares during the last quarter. TFG Advisers LLC lifted its position in DT Midstream by 3.1% during the third quarter. TFG Advisers LLC now owns 5,774 shares of the company’s stock worth $454,000 after buying an additional 172 shares in the last quarter. Princeton Global Asset Management LLC boosted its stake in DT Midstream by 8.6% during the third quarter. Princeton Global Asset Management LLC now owns 2,525 shares of the company’s stock worth $199,000 after buying an additional 200 shares during the last quarter. Raymond James & Associates grew its holdings in DT Midstream by 1.1% in the 2nd quarter. Raymond James & Associates now owns 18,148 shares of the company’s stock valued at $1,289,000 after buying an additional 201 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its stake in shares of DT Midstream by 39.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 787 shares of the company’s stock worth $56,000 after acquiring an additional 224 shares during the last quarter. Hedge funds and other institutional investors own 81.53% of the company’s stock.

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.