Raymond James Raises DT Midstream (NYSE:DTM) Price Target to $115.00

DT Midstream (NYSE:DTM) had its target price increased by Raymond James from $110.00 to $115.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ price objective points to a potential upside of 18.59% from the stock’s current price.

A number of other research firms have also commented on DTM. Wells Fargo & Company upped their price objective on shares of DT Midstream from $87.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. The Goldman Sachs Group upped their target price on DT Midstream from $74.00 to $94.00 and gave the company a “sell” rating in a report on Thursday, December 19th. Citigroup upgraded DT Midstream from a “neutral” rating to a “buy” rating and upped their target price for the company from $90.00 to $115.00 in a report on Thursday, November 21st. Stifel Nicolaus upgraded DT Midstream from a “hold” rating to a “buy” rating and upped their target price for the company from $89.00 to $106.00 in a report on Thursday, December 19th. Finally, JPMorgan Chase & Co. upped their target price on DT Midstream from $109.00 to $115.00 and gave the company a “neutral” rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $101.56.

DT Midstream Price Performance

NYSE DTM traded down $0.55 on Tuesday, reaching $96.97. The company’s stock had a trading volume of 447,505 shares, compared to its average volume of 868,436. DT Midstream has a twelve month low of $51.17 and a twelve month high of $114.50. 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 has a market cap of $9.42 billion, a PE ratio of 23.59 and a beta of 0.79. The firm’s 50 day moving average is $103.95 and its two-hundred day moving average is $88.93.

DT Midstream (NYSE:DTM) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.05). DT Midstream had a net margin of 41.19% and a return on equity of 9.31%. The business had revenue of $248.00 million during the quarter, compared to analyst estimates of $242.64 million. During the same period in the previous year, the company posted $0.94 earnings per share. As a group, sell-side analysts predict that DT Midstream will post 3.84 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. UMB Bank n.a. boosted 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 in the last quarter. V Square Quantitative Management LLC bought a new position in shares of DT Midstream in the third quarter valued at about $29,000. Wilmington Savings Fund Society FSB bought a new position in shares of DT Midstream in the third quarter valued at about $29,000. AdvisorNet Financial Inc raised its holdings in shares of DT Midstream by 106.7% in the fourth quarter. AdvisorNet Financial Inc now owns 310 shares of the company’s stock valued at $31,000 after buying an additional 160 shares during the last quarter. Finally, Sound Income Strategies LLC raised its holdings in DT Midstream by 93.7% during the 4th quarter. Sound Income Strategies LLC now owns 337 shares of the company’s stock worth $34,000 after purchasing an additional 163 shares during the last quarter. 81.53% of the stock is owned by 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.