Barclays Issues Pessimistic Forecast for DT Midstream (NYSE:DTM) Stock Price

DT Midstream (NYSE:DTM) had its price objective dropped by equities research analysts at Barclays from $112.00 to $107.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price objective suggests a potential upside of 10.45% from the company’s previous close.

A number of other equities analysts also recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of DT Midstream from $109.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, January 24th. Wells Fargo & Company reduced their price target on DT Midstream from $118.00 to $108.00 and set an “overweight” rating on the stock in a research report on Friday, February 28th. Citigroup raised DT Midstream from a “neutral” rating to a “buy” rating and upped their price target for the stock from $90.00 to $115.00 in a research report on Thursday, November 21st. Raymond James upped their price target on DT Midstream from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Finally, The Goldman Sachs Group upped their price target on DT Midstream from $74.00 to $94.00 and gave the stock a “sell” rating in a research report on Thursday, December 19th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, DT Midstream currently has an average rating of “Hold” and a consensus target price of $101.50.

DT Midstream Stock Performance

Shares of NYSE:DTM opened at $96.88 on Friday. The company has a market capitalization of $9.84 billion, a price-to-earnings ratio of 23.57 and a beta of 0.80. DT Midstream has a 52 week low of $59.00 and a 52 week high of $114.50. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.61. The firm has a 50 day moving average of $100.10 and a 200 day moving average of $95.09.

Insider Buying and Selling at DT Midstream

In other news, Director Robert C. Skaggs, Jr. bought 1,000 shares of the stock in a transaction dated Monday, March 10th. The shares were acquired at an average cost of $86.92 per share, with a total value of $86,920.00. Following the purchase, the director now directly owns 38,653 shares in the company, valued at $3,359,718.76. The trade was a 2.66 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last three months, insiders have acquired 1,170 shares of company stock valued at $103,357. 0.04% of the stock is owned by insiders.

Institutional Investors Weigh In On DT Midstream

Hedge funds have recently modified their holdings of the company. Wellington Management Group LLP boosted its stake in shares of DT Midstream by 225.4% during the 3rd quarter. Wellington Management Group LLP now owns 145,556 shares of the company’s stock worth $11,449,000 after acquiring an additional 100,825 shares in the last quarter. Friedenthal Financial purchased a new stake in shares of DT Midstream during the 4th quarter worth about $764,000. Truist Financial Corp purchased a new stake in shares of DT Midstream during the 4th quarter worth about $771,000. Bridgewater Associates LP boosted its stake in shares of DT Midstream by 57.6% during the 3rd quarter. Bridgewater Associates LP now owns 185,306 shares of the company’s stock worth $14,576,000 after acquiring an additional 67,725 shares in the last quarter. Finally, State Street Corp raised its position in shares of DT Midstream by 6.4% during the 3rd quarter. State Street Corp now owns 3,385,579 shares of the company’s stock worth $268,757,000 after purchasing an additional 202,447 shares during the last quarter. 81.53% of the stock is owned by hedge funds and other institutional investors.

DT Midstream Company Profile

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.