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

DT Midstream (NYSE:DTM) had its price target lifted by stock analysts at UBS Group from $102.00 to $115.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s target price points to a potential upside of 18.69% from the stock’s previous close.

Other analysts also recently issued research reports about the company. Wells Fargo & Company cut their target price on DT Midstream from $118.00 to $108.00 and set an “overweight” rating on the stock in a research note on Friday, February 28th. Bank of America initiated coverage on shares of DT Midstream in a research report on Monday, March 24th. They set a “buy” rating and a $110.00 price target on the stock. Morgan Stanley raised their price objective on shares of DT Midstream from $92.00 to $105.00 and gave the company an “underweight” rating in a research note on Tuesday. Raymond James upped their target price on DT Midstream from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Finally, Barclays cut their price objective on DT Midstream from $112.00 to $107.00 and set an “equal weight” rating for the company in a report on Friday, March 21st. Two analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $105.08.

DT Midstream Trading Down 0.1 %

Shares of NYSE:DTM opened at $96.89 on Thursday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.61. The company’s 50-day moving average price is $99.03 and its 200 day moving average price is $95.75. The company has a market cap of $9.84 billion, a PE ratio of 23.57 and a beta of 0.80. DT Midstream has a fifty-two week low of $60.54 and a fifty-two week high of $114.50.

Insiders Place Their Bets

In other DT Midstream news, Director Robert C. Skaggs, Jr. acquired 1,000 shares of DT Midstream stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average cost of $86.92 per share, with a total value of $86,920.00. Following the purchase, the director now owns 38,653 shares in the company, valued at approximately $3,359,718.76. The trade was a 2.66 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders bought a total of 1,170 shares of company stock worth $103,357 over the last ninety days. 0.21% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On DT Midstream

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB purchased a new stake in shares of DT Midstream during the third quarter worth $29,000. Bessemer Group Inc. grew its stake in DT Midstream by 61.6% in the fourth quarter. Bessemer Group Inc. now owns 307 shares of the company’s stock valued at $30,000 after purchasing an additional 117 shares in the last quarter. AdvisorNet Financial Inc increased its position in DT Midstream by 106.7% in the 4th quarter. AdvisorNet Financial Inc now owns 310 shares of the company’s stock worth $31,000 after purchasing an additional 160 shares during the last quarter. Sound Income Strategies LLC raised its stake in shares of DT Midstream by 93.7% during the 4th quarter. Sound Income Strategies LLC now owns 337 shares of the company’s stock worth $34,000 after purchasing an additional 163 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in shares of DT Midstream during the 3rd quarter valued at about $40,000. 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.