DT Midstream, Inc. (NYSE:DTM) Given Consensus Rating of “Moderate Buy” by Analysts

DT Midstream, Inc. (NYSE:DTM) has been given an average recommendation of “Moderate Buy” by the twelve ratings firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $126.0909.

Several equities analysts have commented on DTM shares. Barclays increased their price target on DT Midstream from $114.00 to $119.00 and gave the company an “equal weight” rating in a report on Wednesday, January 14th. Stifel Nicolaus raised their target price on shares of DT Midstream from $119.00 to $121.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Jefferies Financial Group set a $141.00 target price on shares of DT Midstream and gave the stock a “buy” rating in a report on Friday, January 30th. Bank of America upped their price target on shares of DT Midstream from $118.00 to $132.00 and gave the company a “buy” rating in a report on Thursday, December 11th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of DT Midstream in a research report on Wednesday, January 21st.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. V Square Quantitative Management LLC bought a new position in DT Midstream during the fourth quarter worth $28,000. Richardson Financial Services Inc. grew its position in DT Midstream by 62.7% in the 4th quarter. Richardson Financial Services Inc. now owns 244 shares of the company’s stock worth $29,000 after purchasing an additional 94 shares during the last quarter. Mather Group LLC. acquired a new stake in DT Midstream in the 3rd quarter worth $30,000. Centerpoint Advisors LLC increased its holdings in shares of DT Midstream by 198.9% during the 3rd quarter. Centerpoint Advisors LLC now owns 269 shares of the company’s stock worth $30,000 after purchasing an additional 179 shares during the period. Finally, First Horizon Corp acquired a new position in shares of DT Midstream during the third quarter valued at about $32,000. 81.53% of the stock is currently owned by institutional investors and hedge funds.

DT Midstream Stock Performance

Shares of DTM opened at $133.18 on Friday. The firm has a market cap of $13.54 billion, a price-to-earnings ratio of 33.63, a price-to-earnings-growth ratio of 2.34 and a beta of 0.77. The company’s fifty day moving average is $121.94 and its 200-day moving average is $113.75. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.69. DT Midstream has a 12 month low of $83.30 and a 12 month high of $134.81.

DT Midstream Company Profile

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.