UBS Group Increases DT Midstream (NYSE:DTM) Price Target to $115.00

DT Midstream (NYSE:DTM) had its price target upped by investment analysts at UBS Group from $102.00 to $115.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price target indicates a potential upside of 18.69% from the stock’s current price.

A number of other equities research analysts have also recently commented on DTM. Raymond James increased their target price on DT Midstream from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Morgan Stanley lifted their price objective on DT Midstream from $92.00 to $105.00 and gave the stock an “underweight” rating in a research report on Tuesday. Stifel Nicolaus decreased their price target on shares of DT Midstream from $106.00 to $102.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Barclays cut their price objective on shares of DT Midstream from $112.00 to $107.00 and set an “equal weight” rating for the company in a research report on Friday, March 21st. Finally, The Goldman Sachs Group raised their target price on shares of 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 given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $105.08.

DT Midstream Stock Down 0.1 %

Shares of NYSE DTM opened at $96.89 on Thursday. The firm’s 50-day moving average is $99.03 and its two-hundred day moving average is $95.75. The company has a market capitalization of $9.84 billion, a PE ratio of 23.57 and a beta of 0.80. DT Midstream has a 12-month low of $60.54 and a 12-month high of $114.50. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.95 and a quick ratio of 0.95.

Insiders Place Their Bets

In other DT Midstream news, Director Robert C. Skaggs, Jr. acquired 1,000 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was bought at an average cost of $86.92 per share, for a total transaction of $86,920.00. Following the completion of the purchase, the director now directly owns 38,653 shares in the company, valued at $3,359,718.76. This represents a 2.66 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders bought 1,170 shares of company stock worth $103,357 over the last three months. 0.21% of the stock is owned by insiders.

Institutional Investors Weigh In On DT Midstream

Several hedge funds have recently modified their holdings of DTM. Bessemer Group Inc. grew its stake in shares of DT Midstream by 61.6% during the fourth quarter. Bessemer Group Inc. now owns 307 shares of the company’s stock valued at $30,000 after acquiring an additional 117 shares in the last quarter. AdvisorNet Financial Inc increased its position in shares of DT Midstream by 106.7% in the 4th quarter. AdvisorNet Financial Inc now owns 310 shares of the company’s stock worth $31,000 after purchasing an additional 160 shares during the last quarter. Sound Income Strategies LLC lifted its position in shares of DT Midstream by 93.7% during the fourth quarter. Sound Income Strategies LLC now owns 337 shares of the company’s stock worth $34,000 after purchasing an additional 163 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in DT Midstream in the third quarter valued at about $29,000. Finally, UMB Bank n.a. raised its stake in DT Midstream by 53.2% during the fourth quarter. UMB Bank n.a. now owns 481 shares of the company’s stock valued at $48,000 after buying an additional 167 shares in the last quarter. 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.