DT Midstream (NYSE:DTM) Price Target Raised to $103.00 at Barclays

DT Midstream (NYSE:DTM - Get Free Report) had its target price hoisted by research analysts at Barclays from $102.00 to $103.00 in a report released on Tuesday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Barclays's target price would indicate a potential downside of 0.54% from the company's current price.

Other equities research analysts have also recently issued reports about the company. Morgan Stanley boosted their price objective on DT Midstream from $92.00 to $105.00 and gave the stock an "underweight" rating in a research note on Tuesday, March 25th. Williams Trading set a $110.00 price target on DT Midstream in a report on Monday, March 24th. Wells Fargo & Company lowered their price target on DT Midstream from $118.00 to $108.00 and set an "overweight" rating for the company in a research report on Friday, February 28th. Bank of America initiated coverage on shares of DT Midstream in a research note on Monday, March 24th. They issued a "buy" rating and a $110.00 target price on the stock. Finally, US Capital Advisors lowered shares of DT Midstream from a "moderate buy" rating to a "hold" rating in a report on Monday, April 28th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $108.36.

DT Midstream Stock Down 0.4%

Shares of DTM opened at $103.56 on Tuesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market capitalization of $10.52 billion, a price-to-earnings ratio of 25.20 and a beta of 0.77. DT Midstream has a 1 year low of $65.43 and a 1 year high of $114.50. The business's 50 day simple moving average is $97.15 and its 200-day simple moving average is $99.66.

DT Midstream (NYSE:DTM - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $1.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.07 by ($0.01). DT Midstream had a net margin of 41.19% and a return on equity of 9.31%. The business had revenue of $288.81 million for the quarter, compared to analysts' expectations of $285.48 million. During the same period in the previous year, the company earned $0.99 EPS. As a group, equities analysts expect that DT Midstream will post 3.8 earnings per share for the current fiscal year.

Insider Transactions at DT Midstream

In other news, Director Robert C. Skaggs, Jr. acquired 1,000 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were bought at an average price of $86.92 per share, with a total value of $86,920.00. Following the completion of the purchase, the director now directly owns 38,653 shares in the company, valued at $3,359,718.76. This trade represents a 2.66% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have purchased 1,235 shares of company stock valued at $109,867. 0.34% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On DT Midstream

Several hedge funds have recently made changes to their positions in DTM. Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of DT Midstream during the first quarter valued at $25,000. Alpine Bank Wealth Management bought a new position in DT Midstream during the 1st quarter worth about $26,000. Twin Tree Management LP purchased a new position in DT Midstream during the 1st quarter valued at about $29,000. Bessemer Group Inc. raised its holdings in shares of DT Midstream by 61.6% in the 4th quarter. Bessemer Group Inc. now owns 307 shares of the company's stock valued at $30,000 after purchasing an additional 117 shares in the last quarter. Finally, Sound Income Strategies LLC lifted its position in shares of DT Midstream by 93.7% in 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 period. 81.53% of the stock is currently owned by hedge funds and other institutional investors.

DT Midstream Company Profile

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.

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