DT Midstream (NYSE:DTM) Price Target Raised to $115.00

DT Midstream (NYSE:DTM) had its target price upped by Raymond James from $110.00 to $115.00 in a report released on Tuesday morning,Benzinga reports. Raymond James currently has an outperform rating on the stock.

Other analysts have also recently issued research reports about the company. Citigroup raised DT Midstream from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $90.00 to $115.00 in a research report on Thursday, November 21st. Morgan Stanley upped their target price on DT Midstream from $82.00 to $92.00 and gave the company an “underweight” rating in a research report on Friday, October 25th. The Goldman Sachs Group increased their price target on shares of DT Midstream from $74.00 to $94.00 and gave the stock a “sell” rating in a report on Thursday, December 19th. JPMorgan Chase & Co. lifted their price objective on shares of DT Midstream from $109.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. Finally, Stifel Nicolaus raised shares of DT Midstream from a “hold” rating to a “buy” rating and raised their target price for the stock from $89.00 to $106.00 in a report on Thursday, December 19th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $101.56.

DT Midstream Stock Up 2.1 %

DT Midstream stock opened at $102.68 on Tuesday. DT Midstream has a twelve month low of $51.17 and a twelve month high of $114.50. The business has a fifty day moving average of $103.73 and a two-hundred day moving average of $89.30. The firm has a market cap of $9.98 billion, a P/E ratio of 24.98 and a beta of 0.79. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.61.

DT Midstream (NYSE:DTM) last posted 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). The company had revenue of $248.00 million during the quarter, compared to analysts’ expectations of $242.64 million. DT Midstream had a return on equity of 9.31% and a net margin of 41.19%. During the same period in the prior year, the business posted $0.94 EPS. On average, analysts forecast that DT Midstream will post 3.84 earnings per share for the current fiscal year.

Institutional Investors Weigh In On DT Midstream

Institutional investors have recently modified their holdings of the business. Valmark Advisers Inc. purchased a new position in DT Midstream during the fourth quarter worth approximately $235,000. Ingalls & Snyder LLC acquired a new position in shares of DT Midstream during the 4th quarter worth approximately $215,000. Values First Advisors Inc. purchased a new position in shares of DT Midstream during the 4th quarter valued at approximately $106,000. Allspring Global Investments Holdings LLC grew its stake in DT Midstream by 1.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 12,137 shares of the company’s stock valued at $1,235,000 after acquiring an additional 116 shares during the period. Finally, Gladstone Institutional Advisory LLC purchased a new stake in DT Midstream in the 4th quarter worth $205,000. 81.53% of the stock is currently owned by institutional investors and hedge funds.

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.