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

DT Midstream (NYSE:DTM) had its target price raised by research analysts at UBS Group from $152.00 to $170.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s target price would indicate a potential upside of 14.93% from the stock’s previous close.

DTM has been the subject of several other research reports. Morgan Stanley lifted their target price on DT Midstream from $165.00 to $170.00 and gave the company an “equal weight” rating in a research report on Tuesday. Mizuho upped their price objective on DT Midstream from $129.00 to $153.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. The Goldman Sachs Group upped their price target on shares of DT Midstream from $111.00 to $127.00 and gave the company a “sell” rating in a research note on Monday, April 20th. Raymond James Financial reaffirmed an “outperform” rating and issued a $158.00 price objective on shares of DT Midstream in a research note on Thursday, April 30th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $166.00 price target on shares of DT Midstream in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $152.67.

DT Midstream Price Performance

DTM traded down $0.17 during trading on Friday, reaching $147.91. 485,603 shares of the company were exchanged, compared to its average volume of 816,846. The company’s 50-day moving average is $137.45 and its two-hundred day moving average is $127.14. The company has a market cap of $15.09 billion, a price-to-earnings ratio of 32.72, a P/E/G ratio of 2.92 and a beta of 0.75. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.68. DT Midstream has a 12-month low of $98.06 and a 12-month high of $150.45.

DT Midstream (NYSE:DTM) last announced its earnings results on Thursday, April 30th. The company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.16. The business had revenue of $336.00 million for the quarter, compared to analyst estimates of $313.65 million. DT Midstream had a return on equity of 9.53% and a net margin of 36.28%.During the same period in the prior year, the company earned $1.06 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. Research analysts forecast that DT Midstream will post 4.8 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Jeffrey A. Jewell bought 185 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The stock was bought at an average price of $136.33 per share, with a total value of $25,221.05. Following the completion of the transaction, the chief financial officer directly owned 89,583 shares of the company’s stock, valued at approximately $12,212,850.39. The trade was a 0.21% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in DTM. V Square Quantitative Management LLC purchased a new position in shares of DT Midstream during the fourth quarter worth $28,000. Richardson Financial Services Inc. raised 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 purchasing an additional 94 shares during the last quarter. Centerpoint Advisors LLC raised its holdings in shares of DT Midstream by 198.9% during the third quarter. Centerpoint Advisors LLC now owns 269 shares of the company’s stock worth $30,000 after purchasing an additional 179 shares during the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of DT Midstream during the fourth quarter worth $30,000. Finally, First Horizon Corp purchased a new position in shares of DT Midstream during the third quarter worth $32,000. 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.