DT Midstream (NYSE:DTM) Stock Price Expected to Rise, Barclays Analyst Says

DT Midstream (NYSE:DTM) had its target price boosted by research analysts at Barclays from $119.00 to $141.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price target indicates a potential downside of 0.47% from the stock’s previous close.

DTM has been the subject of a number of other research reports. JPMorgan Chase & Co. increased their target price on shares of DT Midstream from $118.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday, December 2nd. Jefferies Financial Group set a $148.00 price target on DT Midstream and gave the stock a “buy” rating in a research report on Friday, February 20th. Citigroup raised their price objective on DT Midstream from $130.00 to $156.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. Bank of America upped their target price on DT Midstream from $118.00 to $132.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. Finally, Stifel Nicolaus set a $137.00 price target on DT Midstream and gave the company a “hold” rating in a research note on Monday, February 23rd. 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 company. According to data from MarketBeat.com, DT Midstream presently has a consensus rating of “Hold” and an average price target of $139.64.

DT Midstream Price Performance

DTM opened at $141.67 on Thursday. The business’s 50-day moving average is $127.37 and its two-hundred day moving average is $117.30. DT Midstream has a 1 year low of $83.30 and a 1 year high of $143.15. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market capitalization of $14.41 billion, a PE ratio of 32.87, a price-to-earnings-growth ratio of 2.90 and a beta of 0.75.

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

Insider Activity

In other news, CFO Jeffrey A. Jewell bought 185 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The shares were purchased at an average cost of $136.33 per share, with a total value of $25,221.05. Following the transaction, the chief financial officer directly 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.34% of the stock is currently owned by insiders.

Institutional Trading of DT Midstream

Several large investors have recently added to or reduced their stakes in DTM. V Square Quantitative Management LLC purchased a new position in shares of DT Midstream in the fourth quarter worth about $28,000. Richardson Financial Services Inc. increased its holdings in DT Midstream by 62.7% in the 4th quarter. Richardson Financial Services Inc. now owns 244 shares of the company’s stock worth $29,000 after buying an additional 94 shares during the period. Mather Group LLC. acquired a new position in DT Midstream in the 3rd quarter worth approximately $30,000. Centerpoint Advisors LLC raised its position in DT Midstream by 198.9% during the 3rd quarter. Centerpoint Advisors LLC now owns 269 shares of the company’s stock worth $30,000 after buying an additional 179 shares during the last quarter. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in DT Midstream during the 4th quarter valued at approximately $30,000. Hedge funds and other institutional investors own 81.53% of the company’s stock.

DT Midstream Company Profile

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.