DT Midstream (NYSE:DTM) Rating Increased to Strong-Buy at Scotiabank

DT Midstream (NYSE:DTM) was upgraded by analysts at Scotiabank to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

DTM has been the topic of several other reports. Stifel Nicolaus set a $137.00 price target on shares of DT Midstream and gave the company a “hold” rating in a research note on Monday, February 23rd. Wall Street Zen upgraded shares of DT Midstream from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Wells Fargo & Company increased their price target on shares of DT Midstream from $150.00 to $165.00 and gave the company an “overweight” rating in a research note on Friday, March 13th. Citigroup increased their price target on shares of DT Midstream from $156.00 to $169.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $166.00 price target on shares of DT Midstream in a research note on Friday, May 1st. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $154.46.

DT Midstream Stock Down 0.7%

DTM stock opened at $150.08 on Tuesday. The company’s 50 day moving average price is $139.06 and its 200 day moving average price is $129.43. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.26 and a current ratio of 1.26. DT Midstream has a fifty-two week low of $98.06 and a fifty-two week high of $152.88. The firm has a market capitalization of $15.31 billion, a price-to-earnings ratio of 33.20, a PEG ratio of 3.02 and a beta of 0.75.

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

Hedge Funds Weigh In On DT Midstream

Institutional investors have recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new stake in shares of DT Midstream in the fourth quarter valued at about $28,000. Western Wealth Management LLC purchased a new position in DT Midstream during the first quarter worth about $32,000. Richardson Financial Services Inc. raised its holdings in 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 in the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in DT Midstream in the fourth quarter valued at about $30,000. Finally, Centerpoint Advisors LLC boosted its holdings in DT Midstream by 198.9% in the 3rd quarter. Centerpoint Advisors LLC now owns 269 shares of the company’s stock valued at $30,000 after purchasing an additional 179 shares in the last quarter. 81.53% of the stock is owned by institutional investors and hedge funds.

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.