DT Midstream (NYSE:DTM) Stock Price Expected to Rise, Barclays Analyst Says

DT Midstream (NYSE:DTM) had its target price hoisted by investment analysts at Barclays from $85.00 to $92.00 in a report released on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price objective would indicate a potential downside of 0.24% from the stock’s previous close.

DTM has been the topic of a number of other research reports. Stifel Nicolaus downgraded DT Midstream from a “buy” rating to a “hold” rating and increased their price target for the stock from $78.00 to $89.00 in a research report on Wednesday, October 30th. Wells Fargo & Company increased their target price on shares of DT Midstream from $87.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Morgan Stanley boosted their price target on shares of DT Midstream from $82.00 to $92.00 and gave the company an “underweight” rating in a report on Friday, October 25th. JPMorgan Chase & Co. increased their price objective on shares of DT Midstream from $78.00 to $83.00 and gave the company a “neutral” rating in a research note on Friday, October 4th. Finally, Citigroup boosted their price objective on shares of DT Midstream from $62.00 to $76.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 4th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, DT Midstream presently has a consensus rating of “Hold” and a consensus price target of $80.44.

DT Midstream Trading Up 2.6 %

DTM stock opened at $92.22 on Monday. DT Midstream has a 12 month low of $51.17 and a 12 month high of $92.47. The firm’s 50-day moving average is $81.64 and its 200 day moving average is $73.73. The company has a market capitalization of $8.96 billion, a PE ratio of 22.44 and a beta of 0.71. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.95 and a quick ratio of 0.95.

DT Midstream (NYSE:DTM) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.05). DT Midstream had a net margin of 41.19% and a return on equity of 9.31%. The firm had revenue of $248.00 million during the quarter, compared to analysts’ expectations of $242.64 million. During the same quarter in the previous year, the firm posted $0.94 EPS. On average, research analysts anticipate that DT Midstream will post 3.96 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. International Assets Investment Management LLC acquired a new position in DT Midstream in the 3rd quarter worth approximately $39,166,000. Dimensional Fund Advisors LP increased its stake in shares of DT Midstream by 12.6% in the second quarter. Dimensional Fund Advisors LP now owns 4,393,511 shares of the company’s stock worth $312,070,000 after acquiring an additional 490,613 shares during the period. AQR Capital Management LLC raised its holdings in shares of DT Midstream by 309.7% during the second quarter. AQR Capital Management LLC now owns 257,101 shares of the company’s stock worth $18,262,000 after purchasing an additional 194,354 shares during the last quarter. Duff & Phelps Investment Management Co. lifted its position in DT Midstream by 2,658.2% during the second quarter. Duff & Phelps Investment Management Co. now owns 182,121 shares of the company’s stock valued at $12,936,000 after purchasing an additional 175,518 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new position in DT Midstream during the second quarter valued at $6,309,000. 81.53% of the stock is currently 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.