DT Midstream (NYSE:DTM) Earns Buy Rating from Analysts at UBS Group

Stock analysts at UBS Group began coverage on shares of DT Midstream (NYSE:DTM) in a research note issued to investors on Wednesday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $102.00 price target on the stock. UBS Group’s price objective points to a potential upside of 13.48% from the stock’s previous close.

Several other brokerages also recently weighed in on DTM. The Goldman Sachs Group increased their price target on shares of DT Midstream from $74.00 to $94.00 and gave the stock a “sell” rating in a report on Thursday, December 19th. Stifel Nicolaus cut their price objective on shares of DT Midstream from $106.00 to $102.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Raymond James boosted their target price on shares of DT Midstream from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Citigroup raised shares of DT Midstream from a “neutral” rating to a “buy” rating and upped their price target for the company from $90.00 to $115.00 in a report on Thursday, November 21st. Finally, Barclays started coverage on DT Midstream in a research note on Friday, January 10th. They set an “equal weight” rating and a $112.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $102.00.

DT Midstream Stock Up 3.4 %

Shares of DTM stock opened at $89.89 on Wednesday. DT Midstream has a fifty-two week low of $57.16 and a fifty-two week high of $114.50. The firm has a market capitalization of $9.11 billion, a PE ratio of 21.87 and a beta of 0.80. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 0.95. The stock’s 50-day simple moving average is $101.22 and its 200-day simple moving average is $94.14.

Institutional Trading of DT Midstream

Institutional investors have recently modified their holdings of the stock. Brooklyn FI LLC acquired a new position in shares of DT Midstream during the 4th quarter worth about $463,000. Jefferies Financial Group Inc. purchased a new stake in DT Midstream during the 4th quarter worth approximately $242,000. Bernard Wealth Management Corp. acquired a new position in shares of DT Midstream during the fourth quarter valued at approximately $1,663,000. WNY Asset Management LLC purchased a new position in shares of DT Midstream in the fourth quarter valued at approximately $217,000. Finally, Forum Financial Management LP boosted its stake in shares of DT Midstream by 5.1% in the fourth quarter. Forum Financial Management LP now owns 3,391 shares of the company’s stock worth $337,000 after acquiring an additional 165 shares during the last quarter. Institutional investors and hedge funds 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.