DT Midstream (NYSE:DTM) Price Target Raised to $65.00

DT Midstream (NYSE:DTM) had its target price raised by investment analysts at Mizuho from $57.00 to $65.00 in a report issued on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Mizuho’s price target would suggest a potential upside of 1.50% from the company’s previous close.

A number of other research analysts have also recently issued reports on DTM. Barclays lifted their price target on shares of DT Midstream from $59.00 to $66.00 and gave the company an “overweight” rating in a research report on Friday, April 5th. Wolfe Research upgraded shares of DT Midstream from an “underperform” rating to a “peer perform” rating in a report on Tuesday, February 20th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, DT Midstream has a consensus rating of “Hold” and an average target price of $59.83.

DT Midstream Stock Down 0.9 %

Shares of NYSE:DTM opened at $64.04 on Monday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.63 and a current ratio of 0.63. DT Midstream has a 52-week low of $45.10 and a 52-week high of $64.69. The firm has a market capitalization of $6.22 billion, a P/E ratio of 16.21 and a beta of 0.73. The stock has a 50 day moving average price of $60.05 and a 200-day moving average price of $56.59.

DT Midstream (NYSE:DTM) last posted its quarterly earnings data on Friday, February 16th. The company reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.32. DT Midstream had a return on equity of 9.11% and a net margin of 41.65%. The business had revenue of $244.00 million during the quarter, compared to the consensus estimate of $235.19 million. During the same quarter in the prior year, the company earned $0.93 earnings per share. As a group, equities research analysts anticipate that DT Midstream will post 3.95 EPS for the current fiscal year.

Insider Buying and Selling at DT Midstream

In other DT Midstream news, Director Robert C. Skaggs, Jr. purchased 1,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was purchased at an average price of $56.87 per share, for a total transaction of $56,870.00. Following the completion of the purchase, the director now directly owns 37,289 shares of the company’s stock, valued at $2,120,625.43. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.21% of the company’s stock.

Institutional Trading of DT Midstream

Institutional investors have recently made changes to their positions in the stock. HHM Wealth Advisors LLC bought a new position in DT Midstream during the fourth quarter valued at approximately $25,000. Wetzel Investment Advisors Inc. purchased a new stake in DT Midstream during the 4th quarter valued at $25,000. Mather Group LLC. bought a new position in shares of DT Midstream during the 1st quarter valued at $29,000. ICA Group Wealth Management LLC purchased a new position in shares of DT Midstream in the 4th quarter worth $32,000. Finally, Burkett Financial Services LLC bought a new stake in shares of DT Midstream in the fourth quarter worth $42,000. 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.