DT Midstream (NYSE:DTM) Earns Equal Weight Rating from Analysts at Barclays

Barclays started coverage on shares of DT Midstream (NYSE:DTM) in a report released on Friday,Briefing.com Automated Import reports. The brokerage set an “equal weight” rating and a $112.00 price target on the stock. Barclays‘s price target suggests a potential upside of 5.82% from the company’s current price.

Several other brokerages also recently issued reports on DTM. Wells Fargo & Company lifted their target price on DT Midstream from $87.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Citigroup upgraded shares of DT Midstream from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $90.00 to $115.00 in a research report on Thursday, November 21st. The Goldman Sachs Group upped their target price on shares of DT Midstream from $74.00 to $94.00 and gave the stock a “sell” rating in a research report on Thursday, December 19th. Morgan Stanley lifted their price target 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. Finally, Stifel Nicolaus raised shares of DT Midstream from a “hold” rating to a “buy” rating and increased their price objective for the company from $89.00 to $106.00 in a report on Thursday, December 19th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $91.11.

DT Midstream Stock Performance

DTM opened at $105.84 on Friday. The company has a 50 day simple moving average of $101.02 and a two-hundred day simple moving average of $85.43. 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 firm has a market cap of $10.28 billion, a P/E ratio of 25.75 and a beta of 0.79. DT Midstream has a 1-year low of $51.17 and a 1-year high of $109.85.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in DTM. Caprock Group LLC raised its position in DT Midstream by 3.7% during the third quarter. Caprock Group LLC now owns 4,058 shares of the company’s stock valued at $322,000 after purchasing an additional 143 shares during the period. TFG Advisers LLC raised its holdings in DT Midstream by 3.1% during the 3rd quarter. TFG Advisers LLC now owns 5,774 shares of the company’s stock valued at $454,000 after buying an additional 172 shares during the period. Princeton Global Asset Management LLC lifted its position in DT Midstream by 8.6% in the third quarter. Princeton Global Asset Management LLC now owns 2,525 shares of the company’s stock worth $199,000 after buying an additional 200 shares during the last quarter. First Citizens Bank & Trust Co. lifted its position in DT Midstream by 6.9% in the third quarter. First Citizens Bank & Trust Co. now owns 3,532 shares of the company’s stock worth $278,000 after buying an additional 228 shares during the last quarter. Finally, UMB Bank n.a. boosted 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 buying an additional 240 shares during the period. 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.