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

Key Points

• DT Midstream's stock has received a Buy (B) rating from Weiss Ratings, reflecting positive sentiment among analysts.
• The company's stock price targets have been revised upward by several analysts, with the consensus price target currently set at $115.08.
• DT Midstream reported earnings of $1.04 EPS for the quarter, surpassing expectations and reflecting a year-over-year increase in earnings.

DT Midstream (NYSE:DTM - Get Free Report)'s stock had its "buy (b)" rating reaffirmed by equities researchers at Weiss Ratings in a report issued on Friday,Weiss Ratings reports.

A number of other analysts also recently issued reports on the company. Stifel Nicolaus set a $119.00 price objective on DT Midstream in a research note on Tuesday, October 14th. Barclays lifted their price objective on DT Midstream from $103.00 to $114.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 8th. Wells Fargo & Company lifted their price objective on DT Midstream from $108.00 to $117.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Morgan Stanley lifted their price objective on DT Midstream from $113.00 to $118.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 6th. Finally, Mizuho lifted their price objective on DT Midstream from $105.00 to $108.00 and gave the stock a "neutral" rating in a research note on Friday, August 29th. Seven equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $115.08.

DT Midstream Stock Down 0.2%

Shares of DTM opened at $105.73 on Friday. The business's 50 day moving average is $107.73 and its 200 day moving average is $104.17. The company has a market capitalization of $10.74 billion, a PE ratio of 28.35, a price-to-earnings-growth ratio of 2.31 and a beta of 0.78. DT Midstream has a 12-month low of $83.30 and a 12-month high of $115.80. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.69.

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 the consensus estimate of $0.98 by $0.06. The company had revenue of $299.00 million for the quarter, compared to the consensus estimate of $295.70 million. DT Midstream had a return on equity of 8.48% and a net margin of 33.90%.During the same quarter last year, the company earned $0.98 EPS. DT Midstream has set its FY 2025 guidance at 4.050-4.450 EPS. Research analysts expect that DT Midstream will post 3.8 earnings per share for the current fiscal year.

Insider Activity

In related news, VP Melissa Cox sold 4,755 shares of the company's stock in a transaction on 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 sale, the vice president directly owned 5,171 shares in the company, valued at $540,214.37. This represents a 47.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.34% of the company's stock.

Institutional Investors Weigh In On DT Midstream

Several institutional investors have recently bought and sold shares of the company. Private Trust Co. NA increased its position in shares of DT Midstream by 23.6% during the third quarter. Private Trust Co. NA now owns 535 shares of the company's stock worth $60,000 after purchasing an additional 102 shares in the last quarter. Ballentine Partners LLC grew its position in DT Midstream by 4.2% during the 2nd quarter. Ballentine Partners LLC now owns 2,604 shares of the company's stock worth $286,000 after purchasing an additional 106 shares during the last quarter. Independent Advisor Alliance grew its position in DT Midstream by 2.5% during the 1st quarter. Independent Advisor Alliance now owns 4,713 shares of the company's stock worth $455,000 after purchasing an additional 117 shares during the last quarter. Geneos Wealth Management Inc. grew its position in DT Midstream by 39.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 436 shares of the company's stock worth $42,000 after purchasing an additional 123 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its position in DT Midstream by 15.5% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 970 shares of the company's stock worth $107,000 after purchasing an additional 130 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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