DT Midstream (NYSE:DTM) Given New $78.00 Price Target at Stifel Nicolaus

DT Midstream (NYSE:DTM) had its price objective increased by analysts at Stifel Nicolaus from $70.00 to $78.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 2.16% from the company’s previous close.

A number of other research analysts have also commented on DTM. Wells Fargo & Company raised DT Midstream from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $62.00 to $77.00 in a research report on Tuesday, June 4th. Barclays upped their target price on DT Midstream from $66.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. US Capital Advisors cut shares of DT Midstream from an “overweight” rating to a “hold” rating in a report on Monday, April 29th. Finally, Mizuho upped their price objective on shares of DT Midstream from $57.00 to $65.00 and gave the stock a “neutral” rating in a report on Monday, April 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $67.00.

DT Midstream Trading Up 2.3 %

Shares of NYSE DTM traded up $1.70 during mid-day trading on Wednesday, hitting $76.35. The stock had a trading volume of 176,563 shares, compared to its average volume of 659,639. The business has a 50 day moving average price of $69.89 and a two-hundred day moving average price of $62.89. DT Midstream has a 1 year low of $50.54 and a 1 year high of $76.35. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.71 and a current ratio of 0.71. The firm has a market cap of $7.41 billion, a P/E ratio of 18.50 and a beta of 0.74.

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, beating analysts’ consensus estimates of $0.92 by $0.06. The firm had revenue of $244.00 million for the quarter, compared to analysts’ expectations of $236.83 million. DT Midstream had a net margin of 42.46% and a return on equity of 9.41%. During the same quarter in the previous year, the company earned $0.93 earnings per share. On average, equities analysts anticipate that DT Midstream will post 3.95 EPS for the current fiscal year.

Insider Transactions at DT Midstream

In related news, CFO Jeffrey A. Jewell bought 400 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were acquired at an average cost of $62.80 per share, with a total value of $25,120.00. Following the completion of the acquisition, the chief financial officer now owns 44,285 shares of the company’s stock, valued at approximately $2,781,098. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.04% of the company’s stock.

Hedge Funds Weigh In On DT Midstream

Several large investors have recently modified their holdings of the stock. Wetzel Investment Advisors Inc. purchased a new position in DT Midstream in the fourth quarter worth about $25,000. HHM Wealth Advisors LLC bought a new stake in shares of DT Midstream during the fourth quarter valued at approximately $25,000. Family Firm Inc. purchased a new position in DT Midstream in the 2nd quarter worth approximately $26,000. Mather Group LLC. bought a new position in DT Midstream in the 1st quarter valued at approximately $29,000. Finally, First Command Advisory Services Inc. purchased a new stake in DT Midstream during the 2nd quarter valued at $31,000. Hedge funds and other institutional investors own 81.53% of the company’s stock.

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.