DT Midstream (NYSE:DTM) PT Raised to $66.00 at Barclays

DT Midstream (NYSE:DTM - Get Free Report) had its price target boosted by equities researchers at Barclays from $59.00 to $66.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Barclays's price objective would suggest a potential upside of 5.16% from the company's current price.

Several other equities analysts have also weighed in on the stock. Wolfe Research upgraded shares of DT Midstream from an "underperform" rating to a "peer perform" rating in a research report on Tuesday, February 20th. Mizuho restated a "neutral" rating and set a $57.00 price objective (down previously from $58.00) on shares of DT Midstream in a research report on Friday, January 5th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, DT Midstream currently has a consensus rating of "Hold" and an average target price of $58.57.

DT Midstream Price Performance

DTM traded down $0.66 on Friday, reaching $62.76. The company had a trading volume of 692,744 shares, compared to its average volume of 666,117. The company has a fifty day moving average of $56.82 and a 200-day moving average of $55.44. The company has a market capitalization of $6.09 billion, a P/E ratio of 16.06 and a beta of 0.73. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.72. DT Midstream has a one year low of $45.10 and a one year high of $64.19.

DT Midstream (NYSE:DTM - Get Free Report) last announced its earnings results on Friday, February 16th. The company reported $1.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.92 by $0.32. DT Midstream had a net margin of 41.65% and a return on equity of 9.11%. The firm had revenue of $244.00 million during the quarter, compared to analyst estimates of $235.19 million. During the same quarter in the prior year, the firm posted $0.93 EPS. As a group, equities research analysts anticipate that DT Midstream will post 3.85 earnings per share for the current year.

Insider Transactions at DT Midstream

In related news, Director Robert C. Skaggs, Jr. purchased 1,000 shares of DT Midstream stock in a transaction dated Monday, February 26th. The stock was acquired at an average cost of $56.87 per share, with a total value of $56,870.00. Following the completion of the transaction, the director now directly owns 37,289 shares of the company's stock, valued at $2,120,625.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.04% of the stock is owned by insiders.

Institutional Trading of DT Midstream

A number of hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its position in DT Midstream by 400.4% during the first quarter. JPMorgan Chase & Co. now owns 1,785,503 shares of the company's stock valued at $88,150,000 after acquiring an additional 1,428,679 shares in the last quarter. First Trust Advisors LP raised its position in DT Midstream by 284.6% during the fourth quarter. First Trust Advisors LP now owns 1,524,401 shares of the company's stock valued at $83,537,000 after acquiring an additional 1,128,056 shares in the last quarter. Norges Bank bought a new position in DT Midstream during the fourth quarter valued at approximately $61,638,000. Alliancebernstein L.P. raised its position in DT Midstream by 681.9% during the third quarter. Alliancebernstein L.P. now owns 1,157,862 shares of the company's stock valued at $60,081,000 after acquiring an additional 1,009,786 shares in the last quarter. Finally, HITE Hedge Asset Management LLC bought a new position in DT Midstream during the fourth quarter valued at approximately $47,462,000. 81.53% of the stock is owned by hedge funds and other institutional investors.

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.