DT Midstream (NYSE:DTM) PT Raised to $87.00

DT Midstream (NYSE:DTM) had its price target increased by equities research analysts at Wells Fargo & Company from $77.00 to $87.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective suggests a potential upside of 14.82% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. Mizuho upped their price objective on shares of DT Midstream from $57.00 to $65.00 and gave the company a “neutral” rating in a report on Monday, April 29th. US Capital Advisors cut DT Midstream from an “overweight” rating to a “hold” rating in a research report on Monday, April 29th. Stifel Nicolaus raised their target price on DT Midstream from $70.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Barclays lifted their target price on DT Midstream from $66.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $68.67.

DT Midstream Stock Up 1.5 %

Shares of NYSE DTM traded up $1.12 during trading on Wednesday, hitting $75.77. The stock had a trading volume of 271,827 shares, compared to its average volume of 660,291. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.71 and a quick ratio of 0.71. The company has a market capitalization of $7.36 billion, a PE ratio of 18.52 and a beta of 0.74. DT Midstream has a 12 month low of $50.54 and a 12 month high of $76.35. The firm has a fifty day moving average of $69.89 and a two-hundred day moving average of $62.89.

DT Midstream (NYSE:DTM) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.06. DT Midstream had a return on equity of 9.41% and a net margin of 42.46%. 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 company earned $0.93 EPS. As a group, equities research analysts forecast that DT Midstream will post 3.95 EPS for the current fiscal year.

Insider Buying and Selling at DT Midstream

In other news, CFO Jeffrey A. Jewell acquired 400 shares of DT Midstream stock in a transaction that occurred on Friday, May 3rd. The shares were bought at an average cost of $62.80 per share, with a total value of $25,120.00. Following the transaction, the chief financial officer now directly owns 44,285 shares of the company’s stock, valued at approximately $2,781,098. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.04% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On DT Midstream

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DTM. Family Firm Inc. purchased a new stake in shares of DT Midstream in the second quarter valued at approximately $26,000. First Command Advisory Services Inc. purchased a new position in shares of DT Midstream during the second quarter valued at $31,000. HHM Wealth Advisors LLC purchased a new stake in DT Midstream in the fourth quarter worth about $25,000. Wetzel Investment Advisors Inc. bought a new position in DT Midstream during the 4th quarter worth about $25,000. Finally, American National Bank raised its stake in DT Midstream by 100.0% in the second quarter. American National Bank now owns 468 shares of the company’s stock worth $33,000 after buying an additional 234 shares in the last quarter. 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.