DT Midstream (NYSE:DTM) Stock Price Target Cut by Morgan Stanley

DT Midstream (NYSE:DTM) had its price target cut by Morgan Stanley from $170.00 to $164.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Morgan Stanley’s price target indicates a potential upside of 30.65% from the company’s previous close.

DTM has been the subject of a number of other research reports. Wall Street Zen downgraded shares of DT Midstream from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. Jefferies Financial Group reiterated a “buy” rating and set a $150.00 price objective on shares of DT Midstream in a research note on Thursday, October 15th. Scotiabank set a $165.00 target price on shares of DT Midstream in a report on Thursday, October 15th. Weiss Ratings cut shares of DT Midstream from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, August 21st. Finally, Mizuho decreased their target price on DT Midstream from $153.00 to $147.00 and set a “neutral” rating for the company in a research note on Friday, July 31st. Ten research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $151.36.

DT Midstream Stock Performance

DT Midstream stock traded up $3.04 during mid-day trading on Wednesday, reaching $125.52. The company’s stock had a trading volume of 219,335 shares, compared to its average volume of 831,132. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.68. DT Midstream has a twelve month low of $104.99 and a twelve month high of $152.88. The business has a 50 day moving average price of $127.00 and a 200-day moving average price of $136.37. The firm has a market cap of $12.80 billion, a price-to-earnings ratio of 27.44, a PEG ratio of 3.43 and a beta of 0.72.

DT Midstream (NYSE:DTM) last issued its earnings results on Thursday, July 30th. The company reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.08). DT Midstream had a return on equity of 9.58% and a net margin of 35.72%. The business had revenue of $332.57 million for the quarter, compared to analyst estimates of $325.84 million. During the same period last year, the company posted $1.04 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. Sell-side analysts predict that DT Midstream will post 4.57 EPS for the current fiscal year.

Hedge Funds Weigh In On DT Midstream

Several large investors have recently bought and sold shares of DTM. Chickasaw Capital Management LLC lifted its stake in shares of DT Midstream by 38.0% in the 3rd quarter. Chickasaw Capital Management LLC now owns 522,558 shares of the company’s stock worth $62,430,000 after acquiring an additional 143,766 shares during the period. Edgestream Partners L.P. boosted its holdings in shares of DT Midstream by 1,501.5% in the first quarter. Edgestream Partners L.P. now owns 103,683 shares of the company’s stock valued at $13,963,000 after acquiring an additional 97,209 shares in the last quarter. NEOS Investment Management LLC boosted its holdings in shares of DT Midstream by 50.6% in the second quarter. NEOS Investment Management LLC now owns 210,368 shares of the company’s stock valued at $30,869,000 after acquiring an additional 70,650 shares in the last quarter. Ancora Advisors LLC acquired a new position in shares of DT Midstream during the second quarter valued at approximately $7,362,000. Finally, Dorsey Wright & Associates raised its holdings in DT Midstream by 63.6% during the first quarter. Dorsey Wright & Associates now owns 102,768 shares of the company’s stock worth $13,840,000 after purchasing an additional 39,958 shares in the last quarter. Institutional investors and hedge funds own 81.53% of the company’s stock.

DT Midstream Company Profile

DT Midstream, Inc (NYSE: DTM) is an independent North American energy company focused on the transportation, storage and gathering of natural gas. The company owns and operates interstate and intrastate pipeline systems, natural gas storage facilities, and gathering and processing infrastructure that connect producers with utilities, power generators, industrial customers and other energy markets.

DT Midstream’s operations are concentrated in the United States, including the Midwest, Northeast and Gulf Coast regions.