DT Midstream, Inc. (DTM) – What Are Brokerages Saying About This Stock?

Shares of DT Midstream, Inc. (NYSE:DTM) have been assigned a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $151.36.

Several equities analysts have issued reports on the stock. Scotiabank set a $165.00 price objective on shares of DT Midstream in a research note on Thursday, October 15th. Barclays dropped their price objective on shares of DT Midstream from $143.00 to $142.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 6th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $150.00 target price on shares of DT Midstream in a report on Thursday, October 15th. Wall Street Zen downgraded shares of DT Midstream from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Finally, Mizuho decreased their target price on shares of DT Midstream from $153.00 to $147.00 and set a “neutral” rating for the company in a research note on Friday, July 31st.

DT Midstream Stock Performance

Shares of DT Midstream stock opened at $125.36 on Thursday. DT Midstream has a one year low of $105.65 and a one year high of $152.88. The company has a market cap of $12.79 billion, a PE ratio of 27.43, a P/E/G ratio of 3.47 and a beta of 0.72. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.37 and a current ratio of 1.37. The business has a 50-day simple moving average of $125.89 and a 200-day simple moving average of $134.54.

DT Midstream (NYSE:DTM) last issued its earnings results on Thursday, July 30th. The company reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.08). The firm had revenue of $332.57 million during the quarter, compared to analyst estimates of $325.84 million. DT Midstream had a net margin of 35.72% and a return on equity of 9.58%. During the same period last year, the business earned $1.04 EPS. On average, equities research analysts forecast that DT Midstream will post 4.57 EPS for the current fiscal year.

Institutional Trading of DT Midstream

A number of hedge funds have recently added to or reduced their stakes in DTM. Chickasaw Capital Management LLC boosted its stake in DT Midstream by 38.0% in the 3rd quarter. Chickasaw Capital Management LLC now owns 522,558 shares of the company’s stock worth $62,430,000 after buying an additional 143,766 shares during the last quarter. Edgestream Partners L.P. boosted its position in shares of DT Midstream by 1,501.5% in the first quarter. Edgestream Partners L.P. now owns 103,683 shares of the company’s stock worth $13,963,000 after acquiring an additional 97,209 shares during the last quarter. NEOS Investment Management LLC boosted its position in shares of DT Midstream by 50.6% in the second quarter. NEOS Investment Management LLC now owns 210,368 shares of the company’s stock worth $30,869,000 after acquiring an additional 70,650 shares during the last quarter. Ancora Advisors LLC acquired a new position in DT Midstream during the second quarter worth approximately $7,362,000. Finally, Dorsey Wright & Associates increased its position in DT Midstream by 63.6% during the first quarter. Dorsey Wright & Associates now owns 102,768 shares of the company’s stock worth $13,840,000 after purchasing an additional 39,958 shares during 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 an independent North American energy company focused on the transportation, storage and gathering of natural gas. The company owns and operates interstate and intrastate pipeline systems, natural gas storage facilities, and gathering and processing infrastructure that connect producers with utilities, power generators, industrial customers and other energy markets.

DT Midstream’s operations are concentrated in the United States, including the Midwest, Northeast and Gulf Coast regions.