DT Midstream, Inc. (NYSE:DTM) Receives Consensus Rating of “Hold” from Brokerages

Shares of DT Midstream, Inc. (NYSE:DTM) have earned a consensus recommendation of “Hold” from the eleven research firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $101.56.

A number of equities analysts have issued reports on the company. The Goldman Sachs Group lifted their price target on DT Midstream from $74.00 to $94.00 and gave the company a “sell” rating in a research note on Thursday, December 19th. Morgan Stanley upped their price objective on DT Midstream from $82.00 to $92.00 and gave the company an “underweight” rating in a research note on Friday, October 25th. Stifel Nicolaus raised shares of DT Midstream from a “hold” rating to a “buy” rating and boosted their target price for the company from $89.00 to $106.00 in a report on Thursday, December 19th. JPMorgan Chase & Co. boosted their target price on shares of DT Midstream from $109.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, January 24th. Finally, Wells Fargo & Company upped their price target 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.

Institutional Trading of DT Midstream

Large investors have recently made changes to their positions in the business. UMB Bank n.a. lifted its position in shares of DT Midstream by 324.3% in the 3rd quarter. UMB Bank n.a. now owns 314 shares of the company’s stock worth $25,000 after purchasing an additional 240 shares during the period. V Square Quantitative Management LLC purchased a new stake in DT Midstream during the third quarter worth $29,000. Wilmington Savings Fund Society FSB purchased a new position in DT Midstream during the third quarter valued at $29,000. AdvisorNet Financial Inc lifted its holdings in DT Midstream by 106.7% during the fourth quarter. AdvisorNet Financial Inc now owns 310 shares of the company’s stock valued at $31,000 after purchasing an additional 160 shares in the last quarter. Finally, Sound Income Strategies LLC raised its position in shares of DT Midstream by 93.7% in the fourth quarter. Sound Income Strategies LLC now owns 337 shares of the company’s stock valued at $34,000 after buying an additional 163 shares during the last quarter. 81.53% of the stock is currently owned by institutional investors.

DT Midstream Stock Performance

Shares of DTM opened at $101.72 on Tuesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a 50-day moving average of $103.50 and a 200-day moving average of $89.97. The company has a market cap of $9.88 billion, a PE ratio of 24.75 and a beta of 0.79. DT Midstream has a one year low of $51.17 and a one year high of $114.50.

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.