DT Midstream (NYSE:DTM) Given New $115.00 Price Target at Raymond James

DT Midstream (NYSE:DTM) had its price target boosted by Raymond James from $110.00 to $115.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have an outperform rating on the stock.

Several other brokerages also recently issued reports on DTM. JPMorgan Chase & Co. lifted their target price on DT Midstream from $109.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. Barclays started coverage on shares of DT Midstream in a research report on Friday, January 10th. They set an “equal weight” rating and a $112.00 price objective on the stock. Citigroup upgraded shares of DT Midstream from a “neutral” rating to a “buy” rating and upped their target price for the stock from $90.00 to $115.00 in a research report on Thursday, November 21st. Stifel Nicolaus upgraded shares of DT Midstream from a “hold” rating to a “buy” rating and lifted their price target for the company from $89.00 to $106.00 in a report on Thursday, December 19th. Finally, Morgan Stanley increased their price objective on shares of DT Midstream from $82.00 to $92.00 and gave the company an “underweight” rating in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $101.56.

DT Midstream Stock Up 1.8 %

DTM stock opened at $99.28 on Tuesday. The business’s 50-day moving average price is $103.88 and its 200-day moving average price is $89.13. The stock has a market cap of $9.65 billion, a P/E ratio of 24.15 and a beta of 0.79. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.61. DT Midstream has a twelve month low of $51.17 and a twelve month high of $114.50.

DT Midstream (NYSE:DTM) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.05). DT Midstream had a return on equity of 9.31% and a net margin of 41.19%. The firm had revenue of $248.00 million during the quarter, compared to the consensus estimate of $242.64 million. During the same quarter in the previous year, the company earned $0.94 earnings per share. On average, equities research analysts forecast that DT Midstream will post 3.84 EPS for the current year.

Institutional Trading of DT Midstream

A number of large investors have recently made changes to their positions in DTM. UMB Bank n.a. increased its stake in DT Midstream by 324.3% during the third quarter. UMB Bank n.a. now owns 314 shares of the company’s stock worth $25,000 after acquiring an additional 240 shares during the last quarter. V Square Quantitative Management LLC bought a new position in shares of DT Midstream during the 3rd quarter valued at approximately $29,000. Wilmington Savings Fund Society FSB purchased a new stake in DT Midstream during the 3rd quarter valued at $29,000. AdvisorNet Financial Inc raised its holdings in DT Midstream by 106.7% during the 4th quarter. AdvisorNet Financial Inc now owns 310 shares of the company’s stock valued at $31,000 after buying an additional 160 shares during the period. Finally, Sound Income Strategies LLC lifted its position in DT Midstream by 93.7% in the fourth quarter. Sound Income Strategies LLC now owns 337 shares of the company’s stock worth $34,000 after buying an additional 163 shares during the last quarter. 81.53% of the stock is currently owned by institutional investors.

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.