DT Midstream (NYSE:DTM) Stock Rating Lowered by Wall Street Zen

DT Midstream (NYSE:DTM) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Several other equities research analysts have also issued reports on DTM. Morgan Stanley lifted their price objective on shares of DT Midstream from $137.00 to $139.00 and gave the company an “underweight” rating in a research note on Tuesday, February 10th. Citigroup upped their price target on DT Midstream from $130.00 to $156.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. Mizuho increased their price objective on DT Midstream from $108.00 to $129.00 and gave the company a “neutral” rating in a report on Tuesday, February 17th. UBS Group raised their price objective on DT Midstream from $128.00 to $152.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of DT Midstream in a report on Wednesday, January 21st. Six analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, DT Midstream currently has an average rating of “Hold” and a consensus target price of $139.64.

DT Midstream Trading Down 0.1%

NYSE:DTM opened at $141.67 on Friday. The company has a market capitalization of $14.41 billion, a P/E ratio of 32.87, a P/E/G ratio of 2.90 and a beta of 0.75. The stock’s 50 day moving average price is $127.37 and its 200 day moving average price is $117.30. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.07 and a current ratio of 1.07. DT Midstream has a 52 week low of $83.30 and a 52 week high of $143.15.

DT Midstream (NYSE:DTM) last posted its earnings results on Thursday, February 19th. The company reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.03). The business had revenue of $317.00 million during the quarter, compared to analyst estimates of $320.07 million. DT Midstream had a net margin of 35.48% and a return on equity of 9.13%. During the same quarter last year, the firm earned $0.94 earnings per share. On average, research analysts forecast that DT Midstream will post 3.8 EPS for the current fiscal year.

Insiders Place Their Bets

In other DT Midstream news, CFO Jeffrey A. Jewell bought 185 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The stock was purchased at an average price of $136.33 per share, for a total transaction of $25,221.05. Following the purchase, the chief financial officer directly owned 89,583 shares in the company, valued at $12,212,850.39. This trade represents a 0.21% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.34% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC bought a new stake in shares of DT Midstream in the fourth quarter valued at approximately $28,000. Richardson Financial Services Inc. grew its stake in shares of DT Midstream by 62.7% in the fourth quarter. Richardson Financial Services Inc. now owns 244 shares of the company’s stock worth $29,000 after acquiring an additional 94 shares during the last quarter. Mather Group LLC. bought a new position in DT Midstream during the third quarter worth $30,000. Centerpoint Advisors LLC increased its position in DT Midstream by 198.9% during the third quarter. Centerpoint Advisors LLC now owns 269 shares of the company’s stock worth $30,000 after acquiring an additional 179 shares during the period. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in DT Midstream during the 4th quarter valued at $30,000. 81.53% of the stock is owned by institutional investors.

About DT Midstream

DT Midstream Inc (NYSE: DTM) is a midstream energy company that owns and operates infrastructure for gathering, processing and treating hydrocarbons and produced water. Its core business activities encompass natural gas gathering, cryogenic processing, natural gas liquids (NGL) fractionation, and produced-water handling services. These integrated operations enable the company to capture and transport multiple hydrocarbon streams from wellhead to market and to provide essential water management solutions.

The company’s asset footprint is concentrated in the Delaware Basin in West Texas and southeastern New Mexico, where it serves a diverse range of exploration and production customers.