DT Midstream (NYSE:DTM) Downgraded to “Sell” Rating 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.

A number of other research analysts have also commented on the stock. Citigroup lifted their price objective on shares of DT Midstream from $130.00 to $156.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Bank of America raised their price target on DT Midstream from $118.00 to $132.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. Stifel Nicolaus set a $137.00 price target on DT Midstream and gave the company a “hold” rating in a research report on Monday, February 23rd. Wells Fargo & Company increased their price objective on DT Midstream from $150.00 to $165.00 and gave the stock an “overweight” rating in a research report on Friday, March 13th. Finally, UBS Group lifted their target price on DT Midstream from $128.00 to $152.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Six research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $144.10.

DT Midstream Stock Performance

Shares of DTM opened at $135.21 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.68. The firm has a market cap of $13.75 billion, a PE ratio of 31.37, a price-to-earnings-growth ratio of 2.84 and a beta of 0.75. The company’s 50 day simple moving average is $132.67 and its 200-day simple moving average is $120.79. DT Midstream has a 12-month low of $83.30 and a 12-month high of $143.67.

DT Midstream (NYSE:DTM) last released its quarterly earnings results on Thursday, February 19th. The company reported $1.08 EPS for the quarter, missing the consensus estimate of $1.11 by ($0.03). The business had revenue of $317.00 million during the quarter, compared to analysts’ expectations 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 company earned $0.94 EPS. As a group, equities analysts predict that DT Midstream will post 3.8 EPS for the current year.

Insider Activity

In other news, CFO Jeffrey A. Jewell purchased 185 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The stock was purchased at an average cost of $136.33 per share, with a total value of $25,221.05. Following the completion of the acquisition, the chief financial officer directly owned 89,583 shares of the company’s stock, valued at approximately $12,212,850.39. This trade represents a 0.21% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.34% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On DT Midstream

Institutional investors have recently added to or reduced their stakes in the business. Hsbc Holdings PLC acquired a new position in DT Midstream during the 4th quarter worth approximately $839,000. Rockefeller Capital Management L.P. boosted its stake in shares of DT Midstream by 41.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 7,473 shares of the company’s stock valued at $894,000 after buying an additional 2,182 shares in the last quarter. World Investment Advisors acquired a new position in DT Midstream during the fourth quarter worth $218,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in DT Midstream during the fourth quarter worth $30,000. Finally, Rehmann Capital Advisory Group raised its position in DT Midstream by 36.6% in the fourth quarter. Rehmann Capital Advisory Group now owns 2,876 shares of the company’s stock worth $344,000 after acquiring an additional 770 shares in the last quarter. Hedge funds and other institutional investors own 81.53% of the company’s stock.

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.