DT Midstream (NYSE:DTM) Coverage Initiated at UBS Group

Investment analysts at UBS Group started coverage on shares of DT Midstream (NYSE:DTM) in a report released on Wednesday, MarketBeat.com reports. The brokerage set a “buy” rating and a $102.00 price target on the stock. UBS Group’s target price would indicate a potential upside of 9.40% from the stock’s current price.

A number of other brokerages have also weighed in on DTM. Stifel Nicolaus lowered their target price on DT Midstream from $106.00 to $102.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Citigroup upgraded DT Midstream from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $90.00 to $115.00 in a report on Thursday, November 21st. 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. Barclays began coverage on shares of DT Midstream in a report on Friday, January 10th. They issued an “equal weight” rating and a $112.00 price objective on the stock. Finally, The Goldman Sachs Group increased their target price on shares of DT Midstream from $74.00 to $94.00 and gave the stock a “sell” rating in a report on Thursday, December 19th. Two analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned 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 price target of $102.00.

DT Midstream Trading Down 0.2 %

NYSE:DTM opened at $93.23 on Wednesday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61. DT Midstream has a 1-year low of $57.16 and a 1-year high of $114.50. The firm has a market capitalization of $9.45 billion, a price-to-earnings ratio of 22.68 and a beta of 0.80. The business’s 50-day moving average price is $100.93 and its two-hundred day moving average price is $94.13.

Insider Buying and Selling at DT Midstream

In other DT Midstream news, Director Robert C. Skaggs, Jr. bought 1,000 shares of the business’s stock in a transaction on Monday, March 10th. The stock was purchased at an average price of $86.92 per share, for a total transaction of $86,920.00. Following the completion of the transaction, the director now directly owns 38,653 shares of the company’s stock, valued at $3,359,718.76. This trade represents a 2.66 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders bought 1,170 shares of company stock worth $103,357. Insiders own 0.04% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new position in shares of DT Midstream in the third quarter worth approximately $29,000. Bessemer Group Inc. grew its position in DT Midstream by 61.6% in the fourth quarter. Bessemer Group Inc. now owns 307 shares of the company’s stock worth $30,000 after acquiring an additional 117 shares in the last quarter. AdvisorNet Financial Inc increased its stake in DT Midstream by 106.7% in the fourth quarter. AdvisorNet Financial Inc now owns 310 shares of the company’s stock valued at $31,000 after acquiring an additional 160 shares during the last quarter. Sound Income Strategies LLC raised 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 valued at $34,000 after purchasing an additional 163 shares in the last quarter. Finally, Brooklyn Investment Group bought a new stake in DT Midstream during the third quarter worth about $40,000. 81.53% of the stock is currently owned by hedge funds and other institutional investors.

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.