DT Midstream (NYSE:DTM) PT Raised to $70.00 at Stifel Nicolaus

DT Midstream (NYSE:DTM) had its price target lifted by analysts at Stifel Nicolaus from $62.00 to $70.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 11.23% from the company’s previous close.

Several other equities research analysts have also issued reports on DTM. Mizuho lifted their price target on DT Midstream from $57.00 to $65.00 and gave the stock a “neutral” rating in a research note on Monday. Wolfe Research upgraded DT Midstream from an “underperform” rating to a “peer perform” rating in a report on Tuesday, February 20th. US Capital Advisors cut shares of DT Midstream from an “overweight” rating to a “hold” rating in a report on Monday. Finally, Barclays boosted their target price on shares of DT Midstream from $59.00 to $66.00 and gave the company an “overweight” rating in a report on Friday, April 5th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, DT Midstream presently has a consensus rating of “Hold” and an average price target of $61.50.

DT Midstream Price Performance

NYSE:DTM traded up $0.32 during trading hours on Wednesday, hitting $62.93. 464,906 shares of the company’s stock traded hands, compared to its average volume of 690,524. The firm has a market cap of $6.11 billion, a P/E ratio of 15.30 and a beta of 0.72. DT Midstream has a 52 week low of $45.10 and a 52 week high of $64.69. The business’s fifty day simple moving average is $60.57 and its two-hundred day simple moving average is $56.77. The company has a quick ratio of 0.63, a current ratio of 0.71 and a debt-to-equity ratio of 0.71.

DT Midstream (NYSE:DTM) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.04. DT Midstream had a return on equity of 9.41% and a net margin of 42.46%. The company had revenue of $240.00 million during the quarter, compared to analyst estimates of $242.62 million. During the same quarter last year, the company earned $0.84 earnings per share. On average, research analysts anticipate that DT Midstream will post 3.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other DT Midstream news, Director Robert C. Skaggs, Jr. bought 1,000 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was acquired at an average price of $56.87 per share, with a total value of $56,870.00. Following the transaction, the director now owns 37,289 shares in the company, valued at $2,120,625.43. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.04% of the stock is owned by insiders.

Hedge Funds Weigh In On DT Midstream

Hedge funds have recently bought and sold shares of the business. GSA Capital Partners LLP increased its position in shares of DT Midstream by 551.3% during the 1st quarter. GSA Capital Partners LLP now owns 55,764 shares of the company’s stock valued at $3,407,000 after purchasing an additional 47,202 shares during the last quarter. Palisade Asset Management LLC purchased a new stake in shares of DT Midstream during the 1st quarter valued at about $92,000. Capstone Investment Advisors LLC purchased a new stake in shares of DT Midstream during the 1st quarter valued at about $284,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of DT Midstream by 14.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 809,126 shares of the company’s stock valued at $49,438,000 after purchasing an additional 99,755 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its holdings in DT Midstream by 8.9% in the 1st quarter. Sequoia Financial Advisors LLC now owns 6,596 shares of the company’s stock worth $403,000 after acquiring an additional 537 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, 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.