DT Midstream (NYSE:DTM) Price Target Cut to $164.00 by Analysts at Morgan Stanley

Key Points

• Morgan Stanley cut DT Midstream’s price target from $170 to $164 while maintaining an “overweight” rating, implying roughly 30.65% upside from the reported $125.52 share price.
• Analyst sentiment remains generally positive: 10 analysts rate the stock a Buy, four Hold, and one Sell, producing a consensus “Moderate Buy” rating and average target of $151.36.
• DT Midstream shares rose 2.5% in Wednesday trading, while institutional investors own 81.53% of the company. The company’s latest quarterly earnings missed the EPS estimate, although revenue exceeded expectations.

DT Midstream (NYSE:DTM - Get Free Report) had its price objective lowered by equities research analysts at Morgan Stanley from $170.00 to $164.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has an "overweight" rating on the stock. Morgan Stanley's target price would suggest a potential upside of 30.65% from the company's current price.

DTM has been the topic of a number of other reports. Scotiabank set a $165.00 price objective on DT Midstream in a report on Thursday, October 15th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $150.00 price objective on shares of DT Midstream in a research note on Thursday, October 15th. Mizuho decreased their target price on DT Midstream from $153.00 to $147.00 and set a "neutral" rating for the company in a report on Friday, July 31st. Weiss Ratings downgraded shares of DT Midstream from a "buy (b+)" rating to a "buy (b)" rating in a research report on Friday, August 21st. Finally, Barclays dropped their target price on shares of DT Midstream from $143.00 to $142.00 and set an "equal weight" rating for the company in a research report on Tuesday, October 6th. Ten equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $151.36.

DT Midstream Trading Up 2.5%

Shares of NYSE DTM traded up $3.04 during trading on Wednesday, hitting $125.52. 219,335 shares of the company traded hands, compared to its average volume of 831,132. The firm has a market capitalization of $12.80 billion, a P/E ratio of 27.44, a P/E/G ratio of 3.43 and a beta of 0.72. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.68. The company has a 50-day moving average price of $127.00 and a 200-day moving average price of $136.37. DT Midstream has a 1 year low of $104.99 and a 1 year high of $152.88.

DT Midstream (NYSE:DTM - Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.08). DT Midstream had a return on equity of 9.58% and a net margin of 35.72%. The firm had revenue of $332.57 million during the quarter, compared to analysts' expectations of $325.84 million. During the same period last year, the business posted $1.04 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. On average, equities analysts predict that DT Midstream will post 4.57 EPS for the current year.

Institutional Trading of DT Midstream

Several large investors have recently bought and sold shares of DTM. Bank of New York Mellon Corp increased its holdings in DT Midstream by 0.4% in the first quarter. Bank of New York Mellon Corp now owns 892,353 shares of the company's stock valued at $120,173,000 after buying an additional 3,689 shares during the last quarter. Chickasaw Capital Management LLC raised its stake in DT Midstream by 38.0% during the third quarter. Chickasaw Capital Management LLC now owns 522,558 shares of the company's stock valued at $62,430,000 after buying an additional 143,766 shares in the last quarter. Energy Income Partners LLC lifted its holdings in DT Midstream by 1.0% during the 1st quarter. Energy Income Partners LLC now owns 429,858 shares of the company's stock worth $57,889,000 after buying an additional 4,189 shares during the last quarter. Recurrent Investment Advisors LLC lifted its holdings in DT Midstream by 0.4% during the 1st quarter. Recurrent Investment Advisors LLC now owns 355,156 shares of the company's stock worth $47,829,000 after buying an additional 1,370 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in DT Midstream by 5.7% during the 1st quarter. First Trust Advisors LP now owns 350,989 shares of the company's stock worth $47,268,000 after buying an additional 18,843 shares during the last quarter. Institutional investors and hedge funds own 81.53% of the company's stock.

About DT Midstream

DT Midstream, Inc NYSE: DTM is an independent North American energy company focused on the transportation, storage and gathering of natural gas. The company owns and operates interstate and intrastate pipeline systems, natural gas storage facilities, and gathering and processing infrastructure that connect producers with utilities, power generators, industrial customers and other energy markets.

DT Midstream's operations are concentrated in the United States, including the Midwest, Northeast and Gulf Coast regions.

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