Stifel Nicolaus Issues Pessimistic Forecast for DT Midstream (NYSE:DTM) Stock Price

DT Midstream (NYSE:DTM) had its price objective lowered by research analysts at Stifel Nicolaus from $106.00 to $102.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 6.22% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. Raymond James increased their target price on shares of DT Midstream from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Citigroup upgraded DT Midstream from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $90.00 to $115.00 in a report on Thursday, November 21st. Barclays assumed coverage on DT Midstream in a research note on Friday, January 10th. They issued an “equal weight” rating and a $112.00 target price on the stock. Wells Fargo & Company raised their price target on DT Midstream from $87.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. lifted their price target on DT Midstream from $109.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, January 24th. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, DT Midstream has an average rating of “Hold” and a consensus price target of $102.00.

DT Midstream Price Performance

Shares of DTM opened at $96.03 on Thursday. The business’s 50-day moving average is $102.63 and its 200-day moving average is $93.12. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market capitalization of $9.33 billion, a price-to-earnings ratio of 23.37 and a beta of 0.79. DT Midstream has a fifty-two week low of $57.12 and a fifty-two week high of $114.50.

Institutional Investors Weigh In On DT Midstream

Several institutional investors and hedge funds have recently added to or reduced their stakes in DTM. Brooklyn FI LLC bought a new position in shares of DT Midstream in the fourth quarter valued at approximately $463,000. Jefferies Financial Group Inc. bought a new position in DT Midstream in the 4th quarter worth $242,000. Bernard Wealth Management Corp. bought a new position in DT Midstream in the 4th quarter worth $1,663,000. WNY Asset Management LLC bought a new stake in DT Midstream during the fourth quarter valued at about $217,000. Finally, Forum Financial Management LP boosted its holdings in DT Midstream by 5.1% during the fourth quarter. Forum Financial Management LP now owns 3,391 shares of the company’s stock valued at $337,000 after acquiring an additional 165 shares during the period. 81.53% of the stock is currently owned by institutional investors and hedge funds.

DT Midstream Company Profile

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.