DT Midstream (NYSE:DTM) Raised to Hold at Wall Street Zen

DT Midstream (NYSE:DTM) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Sunday.

Several other research firms have also weighed in on DTM. Mizuho boosted their price target on DT Midstream from $108.00 to $129.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 17th. UBS Group increased their price objective on DT Midstream from $128.00 to $152.00 and gave the company a “buy” rating in a report on Friday, February 20th. Stifel Nicolaus set a $137.00 target price on shares of DT Midstream and gave the stock a “hold” rating in a report on Monday, February 23rd. Wells Fargo & Company upped their price target on shares of DT Midstream from $150.00 to $165.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Barclays increased their price target on shares of DT Midstream from $119.00 to $141.00 and gave the company an “equal weight” rating in a research note on Thursday, March 5th. Six analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $141.00.

DT Midstream Trading Down 0.4%

DT Midstream stock opened at $137.09 on Friday. The company has a market cap of $13.95 billion, a price-to-earnings ratio of 31.81, a P/E/G ratio of 2.83 and a beta of 0.75. The firm has a 50-day moving average of $129.50 and a 200-day moving average of $119.03. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.07 and a quick ratio of 1.07. DT Midstream has a one year low of $83.30 and a one year high of $143.67.

DT Midstream (NYSE:DTM) last released its earnings results on Thursday, February 19th. The company reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.03). DT Midstream had a net margin of 35.48% and a return on equity of 9.13%. The company had revenue of $317.00 million during the quarter, compared to analyst estimates of $320.07 million. During the same period in the prior year, the firm posted $0.94 EPS. On average, equities analysts expect that DT Midstream will post 3.8 earnings per share for the current fiscal year.

Insider Buying and Selling at DT Midstream

In other DT Midstream news, CFO Jeffrey A. Jewell purchased 185 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The shares were acquired at an average price of $136.33 per share, for a total transaction of $25,221.05. Following the purchase, the chief financial officer owned 89,583 shares in the company, valued at approximately $12,212,850.39. The trade was a 0.21% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.34% of the company’s stock.

Hedge Funds Weigh In On DT Midstream

Several institutional investors and hedge funds have recently modified their holdings of the stock. V Square Quantitative Management LLC acquired a new stake in shares of DT Midstream during the 4th quarter worth about $28,000. Richardson Financial Services Inc. boosted its holdings in shares of DT Midstream by 62.7% during the fourth quarter. Richardson Financial Services Inc. now owns 244 shares of the company’s stock worth $29,000 after acquiring an additional 94 shares during the period. Mather Group LLC. bought a new stake in shares of DT Midstream during the third quarter worth approximately $30,000. Centerpoint Advisors LLC grew its position in shares of DT Midstream by 198.9% in the third quarter. Centerpoint Advisors LLC now owns 269 shares of the company’s stock valued at $30,000 after purchasing an additional 179 shares during the last quarter. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of DT Midstream in the fourth quarter valued at approximately $30,000. 81.53% of the stock is currently owned by institutional investors and hedge funds.

About DT Midstream

DT Midstream Inc (NYSE: DTM) is a midstream energy company that owns and operates infrastructure for gathering, processing and treating hydrocarbons and produced water. Its core business activities encompass natural gas gathering, cryogenic processing, natural gas liquids (NGL) fractionation, and produced-water handling services. These integrated operations enable the company to capture and transport multiple hydrocarbon streams from wellhead to market and to provide essential water management solutions.

The company’s asset footprint is concentrated in the Delaware Basin in West Texas and southeastern New Mexico, where it serves a diverse range of exploration and production customers.