DT Midstream (NYSE:DTM) Price Target Raised to $118.00 at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. raised DT Midstream's price target from $114.00 to $118.00, indicating a potential upside of 3.99% from its current price.
• Other analysts have also increased their targets, with Stifel Nicolaus setting it at $108.00 and Wells Fargo at $117.00, contributing to a consensus target of $110.92.
• DT Midstream reported a quarterly EPS of $1.04, exceeding estimates and setting FY 2025 guidance at $4.050-4.450 EPS.

DT Midstream (NYSE:DTM - Get Free Report) had its price target upped by JPMorgan Chase & Co. from $114.00 to $118.00 in a research note issued on Monday,Benzinga reports. The firm presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 3.99% from the company's current price.

A number of other equities analysts have also recently weighed in on the company. Stifel Nicolaus increased their price target on DT Midstream from $102.00 to $108.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Wells Fargo & Company increased their target price on shares of DT Midstream from $108.00 to $117.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Mizuho boosted their price target on shares of DT Midstream from $105.00 to $108.00 and gave the company a "neutral" rating in a research note on Friday, August 29th. Finally, Morgan Stanley upped their price objective on shares of DT Midstream from $113.00 to $118.00 and gave the stock an "underweight" rating in a report on Wednesday, August 6th. Six research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $110.92.

DT Midstream Price Performance

Shares of NYSE DTM opened at $113.48 on Monday. The firm has a 50-day simple moving average of $104.30 and a 200-day simple moving average of $102.19. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $11.53 billion, a price-to-earnings ratio of 30.42, a price-to-earnings-growth ratio of 2.48 and a beta of 0.77. DT Midstream has a 52 week low of $76.91 and a 52 week high of $114.50.

DT Midstream (NYSE:DTM - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.98 by $0.06. DT Midstream had a return on equity of 8.48% and a net margin of 33.90%.The business had revenue of $299.00 million for the quarter, compared to analyst estimates of $295.70 million. During the same quarter in the previous year, the firm earned $0.98 EPS. DT Midstream has set its FY 2025 guidance at 4.050-4.450 EPS. On average, equities analysts predict that DT Midstream will post 3.8 earnings per share for the current fiscal year.

Insider Activity

In other news, VP Melissa Cox sold 4,755 shares of the business's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $104.47, for a total transaction of $496,754.85. Following the completion of the transaction, the vice president directly owned 5,171 shares of the company's stock, valued at approximately $540,214.37. The trade was a 47.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.34% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of DT Midstream in the 1st quarter valued at approximately $25,000. Alpine Bank Wealth Management acquired a new position in shares of DT Midstream during the first quarter worth $26,000. Twin Tree Management LP purchased a new position in DT Midstream in the first quarter valued at $29,000. Cary Street Partners Investment Advisory LLC acquired a new stake in DT Midstream in the second quarter valued at $33,000. Finally, WFA of San Diego LLC acquired a new stake in DT Midstream in the second quarter valued at $33,000. Hedge funds and other institutional investors own 81.53% of the company's stock.

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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