Barclays Increases DT Midstream (NYSE:DTM) Price Target to $103.00

DT Midstream (NYSE:DTM) had its price objective increased by equities researchers at Barclays from $102.00 to $103.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s target price would suggest a potential upside of 0.50% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. JPMorgan Chase & Co. upped their price objective on shares of DT Midstream from $109.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, January 24th. UBS Group boosted their target price on shares of DT Midstream from $102.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, March 27th. Bank of America started coverage on shares of DT Midstream in a report on Monday, March 24th. They set a “buy” rating and a $110.00 price target on the stock. Williams Trading set a $110.00 price objective on shares of DT Midstream in a report on Monday, March 24th. Finally, Stifel Nicolaus lowered their target price on shares of DT Midstream from $106.00 to $102.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, DT Midstream presently has a consensus rating of “Hold” and a consensus price target of $108.36.

DT Midstream Stock Down 2.0%

DTM stock opened at $102.48 on Tuesday. The business’s 50-day moving average price is $97.51 and its 200-day moving average price is $99.71. The stock has a market cap of $10.41 billion, a P/E ratio of 24.94 and a beta of 0.77. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.61. DT Midstream has a twelve month low of $65.43 and a twelve month high of $114.50.

DT Midstream (NYSE:DTM) last released its earnings results on Wednesday, April 30th. The company reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.01). The business had revenue of $288.81 million for the quarter, compared to analysts’ expectations of $285.48 million. DT Midstream had a return on equity of 9.31% and a net margin of 41.19%. During the same quarter in the prior year, the business posted $0.99 EPS. On average, equities research analysts forecast that DT Midstream will post 3.8 EPS for the current year.

Insider Transactions at DT Midstream

In other DT Midstream news, Director Robert C. Skaggs, Jr. purchased 1,000 shares of DT Midstream stock in a transaction on Monday, March 10th. The shares were bought at an average price of $86.92 per share, with a total value of $86,920.00. Following the completion of the acquisition, the director now directly owns 38,653 shares of the company’s stock, valued at approximately $3,359,718.76. This trade represents a 2.66% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have purchased a total of 1,235 shares of company stock valued at $109,867 in the last ninety days. 0.34% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On DT Midstream

Several institutional investors and hedge funds have recently modified their holdings of the company. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in DT Midstream in the 1st quarter valued at about $25,000. Alpine Bank Wealth Management acquired a new stake in shares of DT Midstream in the first quarter worth approximately $26,000. Twin Tree Management LP purchased a new stake in DT Midstream in the first quarter valued at approximately $29,000. Bessemer Group Inc. increased its position in DT Midstream by 61.6% during the fourth quarter. Bessemer Group Inc. now owns 307 shares of the company’s stock worth $30,000 after purchasing an additional 117 shares during the last quarter. Finally, Sound Income Strategies LLC increased its position in DT Midstream by 93.7% during the fourth quarter. Sound Income Strategies LLC now owns 337 shares of the company’s stock worth $34,000 after purchasing an additional 163 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.