DT Midstream (NYSE:DTM) PT Raised to $76.00 at Citigroup

DT Midstream (NYSE:DTM) had its price objective upped by investment analysts at Citigroup from $62.00 to $76.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price target indicates a potential downside of 0.63% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. Wells Fargo & Company upped their price objective on shares of DT Midstream from $77.00 to $87.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Stifel Nicolaus upped their target price on shares of DT Midstream from $70.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Barclays increased their price target on shares of DT Midstream from $66.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. Finally, JPMorgan Chase & Co. increased their price target on shares of DT Midstream from $75.00 to $78.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $70.75.

DT Midstream Stock Down 0.9 %

DT Midstream stock opened at $76.48 on Wednesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.84 and a current ratio of 0.84. DT Midstream has a fifty-two week low of $50.54 and a fifty-two week high of $78.83. The company has a market capitalization of $7.43 billion, a PE ratio of 18.65 and a beta of 0.74. The firm has a 50 day moving average price of $73.57 and a 200 day moving average price of $66.78.

DT Midstream (NYSE:DTM) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.06. DT Midstream had a net margin of 42.10% and a return on equity of 9.45%. The business had revenue of $244.00 million during the quarter, compared to analysts’ expectations of $236.83 million. During the same period in the previous year, the company earned $0.93 EPS. Research analysts expect that DT Midstream will post 3.96 earnings per share for the current year.

Institutional Investors Weigh In On DT Midstream

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Family Firm Inc. purchased a new stake in DT Midstream during the 2nd quarter worth $26,000. Mather Group LLC. purchased a new stake in DT Midstream during the 1st quarter worth $29,000. First Command Advisory Services Inc. purchased a new stake in DT Midstream during the 2nd quarter worth $31,000. ICA Group Wealth Management LLC acquired a new position in DT Midstream during the 4th quarter worth $32,000. Finally, American National Bank grew its holdings in DT Midstream by 100.0% during the 2nd quarter. American National Bank now owns 468 shares of the company’s stock worth $33,000 after acquiring an additional 234 shares in the last quarter. Hedge funds and other institutional investors own 81.53% of the company’s stock.

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.