DT Midstream (NYSE:DTM) Share Price Breaks Above 50 Day Moving Average – Time to Sell?

DT Midstream, Inc. (NYSE:DTM) crossed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $126.23 and traded as high as $127.20. DT Midstream shares last traded at $126.9780, with a volume of 918,181 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Bank of America reaffirmed a “buy” rating on shares of DT Midstream in a report on Monday. Scotiabank set a $165.00 target price on shares of DT Midstream in a research note on Thursday, October 15th. The Goldman Sachs Group restated a “sell” rating and set a $121.00 price target on shares of DT Midstream in a research report on Wednesday, October 14th. Wolfe Research raised shares of DT Midstream from a “peer perform” rating to an “outperform” rating and set a $145.00 price target for the company in a research note on Wednesday, August 26th. Finally, Morgan Stanley decreased their price objective on shares of DT Midstream from $170.00 to $164.00 and set an “overweight” rating for the company in a report on Wednesday, October 21st. Ten analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $151.36.

DT Midstream Trading Down 2.5%

The company has a debt-to-equity ratio of 0.68, a current ratio of 1.37 and a quick ratio of 1.37. The business has a fifty day moving average of $125.89 and a 200-day moving average of $134.54. The stock has a market capitalization of $12.79 billion, a price-to-earnings ratio of 27.43, a price-to-earnings-growth ratio of 3.47 and a beta of 0.72.

DT Midstream (NYSE:DTM) last issued its quarterly 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 net margin of 35.72% and a return on equity of 9.58%. The business had revenue of $332.57 million during the quarter, compared to analyst estimates of $325.84 million. During the same period in the previous year, the company posted $1.04 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. On average, equities analysts anticipate that DT Midstream, Inc. will post 4.57 earnings per share for the current fiscal year.

Institutional Trading of DT Midstream

Large investors have recently added to or reduced their stakes in the business. Western Wealth Management LLC acquired a new stake in shares of DT Midstream during the 1st quarter valued at $32,000. Premier Financial Group acquired a new stake in DT Midstream during the 2nd quarter worth about $33,000. Continuum Advisory LLC acquired a new stake in DT Midstream during the 2nd quarter worth about $36,000. Ulland Investment Advisors LLC acquired a new stake in DT Midstream during the 3rd quarter worth about $39,000. Finally, Cassaday & Co Wealth Management LLC purchased a new stake in DT Midstream during the first quarter valued at about $41,000. 81.53% of the stock is currently owned by institutional investors.

About DT Midstream

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.