DT Midstream (NYSE:DTM) PT Raised to $92.00

DT Midstream (NYSE:DTM) had its price objective lifted by Morgan Stanley from $82.00 to $92.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has an “underweight” rating on the stock. Morgan Stanley’s price objective indicates a potential upside of 5.28% from the company’s previous close.

Several other analysts have also recently commented on DTM. Citigroup boosted their price target on DT Midstream from $62.00 to $76.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 4th. Stifel Nicolaus increased their target price on shares of DT Midstream from $70.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Wells Fargo & Company boosted their price target on shares of DT Midstream from $77.00 to $87.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Barclays increased their price objective on shares of DT Midstream from $76.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. raised their target price on shares of DT Midstream from $78.00 to $83.00 and gave the stock a “neutral” rating in a research note on Friday, October 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $77.38.

DT Midstream Stock Performance

NYSE:DTM opened at $87.39 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market capitalization of $8.49 billion, a PE ratio of 21.31 and a beta of 0.74. DT Midstream has a fifty-two week low of $51.17 and a fifty-two week high of $88.21. The company has a fifty day moving average of $80.02 and a two-hundred day moving average of $72.53.

DT Midstream (NYSE:DTM) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.06. DT Midstream had a net margin of 42.10% and a return on equity of 9.45%. The firm had revenue of $244.00 million during the quarter, compared to the consensus estimate of $236.83 million. During the same quarter in the prior year, the firm earned $0.93 EPS. As a group, research analysts forecast that DT Midstream will post 3.99 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DTM. UMB Bank n.a. lifted its stake in shares of DT Midstream by 324.3% in the 3rd quarter. UMB Bank n.a. now owns 314 shares of the company’s stock valued at $25,000 after purchasing an additional 240 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in DT Midstream in the third quarter valued at about $29,000. Family Firm Inc. purchased a new position in DT Midstream during the second quarter worth about $26,000. First Command Advisory Services Inc. acquired a new stake in shares of DT Midstream during the second quarter valued at about $31,000. Finally, American National Bank raised its stake in shares of DT Midstream by 100.0% in the 2nd quarter. American National Bank now owns 468 shares of the company’s stock valued at $33,000 after acquiring an additional 234 shares during the period. 81.53% of the stock is currently owned by hedge funds and other institutional investors.

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.