DT Midstream (NYSE:DTM) Receives Buy (B) Rating from Weiss Ratings

Key Points

• DT Midstream has received a "buy" rating from Weiss Ratings, along with multiple price target upgrades from various analysts, reflecting positive sentiment on the stock.
• The company's stock is currently trading at $114.76, having increased by 0.7%, with a market capitalization of $11.66 billion.
• DT Midstream reported $1.04 EPS for the last quarter, beating estimates, with a noteworthy net margin of 33.90%.

DT Midstream (NYSE:DTM - Get Free Report)'s stock had its "buy (b)" rating reiterated by Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

DTM has been the topic of several other research reports. Stifel Nicolaus increased their price objective on shares of DT Midstream from $102.00 to $108.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Wells Fargo & Company increased their price objective on shares of DT Midstream from $108.00 to $117.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Mizuho raised their target price on shares of DT Midstream from $105.00 to $108.00 and gave the stock a "neutral" rating in a report on Friday, August 29th. UBS Group upped their price target on shares of DT Midstream from $115.00 to $128.00 and gave the company a "buy" rating in a research report on Friday, October 3rd. Finally, Barclays lifted their target price on shares of DT Midstream from $103.00 to $114.00 and gave the company an "equal weight" rating in a research note on Wednesday. Seven investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, DT Midstream currently has a consensus rating of "Hold" and a consensus target price of $112.92.

DT Midstream Stock Up 0.7%

NYSE:DTM traded up $0.75 on Wednesday, reaching $114.76. The stock had a trading volume of 580,843 shares, compared to its average volume of 862,658. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.69. The company has a 50-day moving average of $106.51 and a 200 day moving average of $103.05. The stock has a market cap of $11.66 billion, a P/E ratio of 30.77, a price-to-earnings-growth ratio of 2.49 and a beta of 0.78. DT Midstream has a 12-month low of $82.94 and a 12-month high of $115.80.

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

Insider Buying and Selling at DT Midstream

In other news, VP Melissa Cox sold 4,755 shares of the firm's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $104.47, for a total transaction of $496,754.85. Following the transaction, the vice president owned 5,171 shares in the company, valued at approximately $540,214.37. This trade represents a 47.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.34% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Ballentine Partners LLC grew its stake in DT Midstream by 4.2% in the 2nd quarter. Ballentine Partners LLC now owns 2,604 shares of the company's stock valued at $286,000 after buying an additional 106 shares during the last quarter. Independent Advisor Alliance grew its stake in DT Midstream by 2.5% in the 1st quarter. Independent Advisor Alliance now owns 4,713 shares of the company's stock valued at $455,000 after buying an additional 117 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in DT Midstream by 39.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 436 shares of the company's stock valued at $42,000 after buying an additional 123 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake in DT Midstream by 15.5% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 970 shares of the company's stock valued at $107,000 after buying an additional 130 shares during the last quarter. Finally, Bessemer Group Inc. grew its stake in DT Midstream by 44.0% in the 1st quarter. Bessemer Group Inc. now owns 442 shares of the company's stock valued at $43,000 after buying an additional 135 shares during the last quarter. 81.53% of the stock is currently owned by institutional investors and hedge funds.

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.

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