DT Midstream (NYSE:DTM) PT Raised to $65.00

DT Midstream (NYSE:DTM) had its target price upped by Mizuho from $57.00 to $65.00 in a research report issued on Monday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Mizuho’s target price indicates a potential upside of 4.48% from the company’s previous close.

Several other research analysts have also recently weighed in on DTM. Wolfe Research upgraded shares of DT Midstream from an “underperform” rating to a “peer perform” rating in a report on Tuesday, February 20th. Barclays boosted their price target on shares of DT Midstream from $59.00 to $66.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, DT Midstream presently has a consensus rating of “Hold” and a consensus target price of $59.83.

DT Midstream Trading Down 1.6 %

NYSE:DTM opened at $62.21 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a 50-day moving average of $60.35 and a 200-day moving average of $56.70. The company has a market cap of $6.04 billion, a PE ratio of 15.75 and a beta of 0.73. DT Midstream has a one year low of $45.10 and a one year high of $64.69.

DT Midstream (NYSE:DTM) last released its quarterly earnings results on Friday, February 16th. The company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.32. DT Midstream had a net margin of 41.65% and a return on equity of 9.11%. The business had revenue of $244.00 million for the quarter, compared to analysts’ expectations of $235.19 million. During the same period in the previous year, the company earned $0.93 earnings per share. As a group, equities research analysts expect that DT Midstream will post 3.95 EPS for the current fiscal year.

Insider Buying and Selling at DT Midstream

In other DT Midstream news, Director Robert C. Skaggs, Jr. purchased 1,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were bought at an average cost of $56.87 per share, for a total transaction of $56,870.00. Following the purchase, the director now owns 37,289 shares of the company’s stock, valued at approximately $2,120,625.43. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.21% of the company’s stock.

Institutional Trading of DT Midstream

Institutional investors have recently modified their holdings of the business. Wetzel Investment Advisors Inc. purchased a new stake in shares of DT Midstream during the 4th quarter valued at approximately $25,000. HHM Wealth Advisors LLC bought a new stake in DT Midstream during the 4th quarter worth approximately $25,000. Mather Group LLC. bought a new stake in DT Midstream during the 1st quarter worth approximately $29,000. ICA Group Wealth Management LLC bought a new stake in DT Midstream during the 4th quarter worth approximately $32,000. Finally, Burkett Financial Services LLC bought a new stake in DT Midstream during the 4th quarter worth approximately $42,000. 81.53% of the stock is currently 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.