DT Midstream (NYSE:DTM) Price Target Raised to $142.00 at JPMorgan Chase & Co.

DT Midstream (NYSE:DTM) had its price objective raised by equities researchers at JPMorgan Chase & Co. from $126.00 to $142.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 0.17% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. Stifel Nicolaus set a $137.00 target price on shares of DT Midstream and gave the stock a “hold” rating in a research report on Monday, February 23rd. Barclays raised their price objective on shares of DT Midstream from $119.00 to $141.00 and gave the stock an “equal weight” rating in a report on Thursday. Weiss Ratings reissued a “buy (b)” rating on shares of DT Midstream in a report on Wednesday, January 21st. Mizuho increased their target price on DT Midstream from $108.00 to $129.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 17th. Finally, UBS Group lifted their price target on DT Midstream from $128.00 to $152.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Six equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $139.64.

DT Midstream Stock Performance

NYSE:DTM traded down $0.65 during trading hours on Thursday, reaching $141.76. The stock had a trading volume of 502,879 shares, compared to its average volume of 791,723. The stock has a market cap of $14.42 billion, a P/E ratio of 32.89, a price-to-earnings-growth ratio of 2.50 and a beta of 0.75. The stock has a 50 day simple moving average of $126.53 and a 200 day simple moving average of $116.85. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.07 and a current ratio of 1.07. DT Midstream has a 12-month low of $83.30 and a 12-month high of $142.85.

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

Insiders Place Their Bets

In other DT Midstream news, CFO Jeffrey A. Jewell bought 185 shares of the firm’s stock in a transaction on Wednesday, February 25th. The shares were acquired at an average cost of $136.33 per share, for a total transaction of $25,221.05. Following the purchase, the chief financial officer directly owned 89,583 shares of the company’s stock, valued at $12,212,850.39. The trade was a 0.21% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.34% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On DT Midstream

A number of large investors have recently added to or reduced their stakes in the company. NewEdge Wealth LLC increased its position in shares of DT Midstream by 2.4% during the 4th quarter. NewEdge Wealth LLC now owns 3,613 shares of the company’s stock valued at $432,000 after purchasing an additional 85 shares during the last quarter. Covestor Ltd boosted its stake in DT Midstream by 11.2% in the fourth quarter. Covestor Ltd now owns 897 shares of the company’s stock worth $107,000 after buying an additional 90 shares in the last quarter. Richardson Financial Services Inc. grew its position in DT Midstream by 62.7% during the fourth quarter. Richardson Financial Services Inc. now owns 244 shares of the company’s stock valued at $29,000 after acquiring an additional 94 shares during the last quarter. VestGen Investment Management grew its position in DT Midstream by 1.2% during the fourth quarter. VestGen Investment Management now owns 7,698 shares of the company’s stock valued at $921,000 after acquiring an additional 94 shares during the last quarter. Finally, Pathstone Holdings LLC raised its stake in shares of DT Midstream by 0.3% during the third quarter. Pathstone Holdings LLC now owns 28,322 shares of the company’s stock worth $3,215,000 after acquiring an additional 97 shares in the last quarter. Hedge funds and other institutional investors own 81.53% of the company’s stock.

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.