JPMorgan Chase & Co. Increases DT Midstream (NYSE:DTM) Price Target to $142.00

DT Midstream (NYSE:DTM) had its target price upped by equities research analysts at JPMorgan Chase & Co. from $126.00 to $142.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 0.17% from the company’s previous close.

Several other brokerages also recently weighed in on DTM. Morgan Stanley boosted their price objective on DT Midstream from $137.00 to $139.00 and gave the company an “underweight” rating in a research report on Tuesday, February 10th. Mizuho upped their price target on shares of DT Midstream from $108.00 to $129.00 and gave the company a “neutral” rating in a report on Tuesday, February 17th. UBS Group increased their price target on shares of DT Midstream from $128.00 to $152.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Weiss Ratings reissued a “buy (b)” rating on shares of DT Midstream in a report on Wednesday, January 21st. Finally, Bank of America boosted their price objective on shares of DT Midstream from $118.00 to $132.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. Six investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $139.64.

DT Midstream Trading Down 0.5%

Shares of NYSE:DTM traded down $0.65 on Thursday, reaching $141.76. 502,879 shares of the company traded hands, compared to its average volume of 791,723. The business’s 50-day simple moving average is $126.53 and its 200 day simple moving average is $116.85. DT Midstream has a 52 week low of $83.30 and a 52 week high of $142.85. The stock has a market capitalization of $14.42 billion, a P/E ratio of 32.89, a price-to-earnings-growth ratio of 2.50 and a beta of 0.75. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.68.

DT Midstream (NYSE:DTM) last released its earnings results on Thursday, February 19th. The company reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.03). The company had revenue of $317.00 million during the quarter, compared to the consensus estimate of $320.07 million. DT Midstream had a net margin of 35.48% and a return on equity of 9.13%. During the same period last year, the firm posted $0.94 EPS. As a group, equities analysts anticipate that DT Midstream will post 3.8 EPS for the current fiscal year.

Insider Buying and Selling at DT Midstream

In related news, CFO Jeffrey A. Jewell purchased 185 shares of DT Midstream stock in a transaction that occurred on Wednesday, February 25th. The shares were bought at an average price of $136.33 per share, for a total transaction of $25,221.05. Following the completion of the transaction, the chief financial officer directly owned 89,583 shares of the company’s stock, valued at $12,212,850.39. This represents a 0.21% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.34% of the company’s stock.

Institutional Trading of DT Midstream

Several large investors have recently bought and sold shares of DTM. Vanguard Group Inc. grew its holdings in shares of DT Midstream by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 11,351,778 shares of the company’s stock worth $1,247,674,000 after acquiring an additional 176,813 shares during the period. Deutsche Bank AG boosted its position in shares of DT Midstream by 6.9% during the fourth quarter. Deutsche Bank AG now owns 3,090,365 shares of the company’s stock valued at $369,855,000 after purchasing an additional 200,114 shares in the last quarter. 59 North Capital Management LP grew its stake in DT Midstream by 49.0% in the third quarter. 59 North Capital Management LP now owns 3,074,081 shares of the company’s stock worth $347,556,000 after purchasing an additional 1,010,965 shares during the period. Tortoise Capital Advisors L.L.C. raised its holdings in DT Midstream by 10.6% in the fourth quarter. Tortoise Capital Advisors L.L.C. now owns 2,980,945 shares of the company’s stock worth $356,759,000 after purchasing an additional 285,770 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in DT Midstream by 3.9% during the third quarter. Dimensional Fund Advisors LP now owns 2,668,447 shares of the company’s stock valued at $301,695,000 after buying an additional 99,602 shares during the period. 81.53% of the stock is owned by institutional investors.

DT Midstream Company Profile

DT Midstream Inc (NYSE: DTM) is a midstream energy company that owns and operates infrastructure for gathering, processing and treating hydrocarbons and produced water. Its core business activities encompass natural gas gathering, cryogenic processing, natural gas liquids (NGL) fractionation, and produced-water handling services. These integrated operations enable the company to capture and transport multiple hydrocarbon streams from wellhead to market and to provide essential water management solutions.

The company’s asset footprint is concentrated in the Delaware Basin in West Texas and southeastern New Mexico, where it serves a diverse range of exploration and production customers.