Morgan Stanley Increases DT Midstream (NYSE:DTM) Price Target to $137.00

DT Midstream (NYSE:DTM) had its target price increased by investment analysts at Morgan Stanley from $126.00 to $137.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an “underweight” rating on the stock. Morgan Stanley’s price objective suggests a potential upside of 21.02% from the company’s current price.

Several other analysts also recently weighed in on DTM. Mizuho lifted their price objective on DT Midstream from $105.00 to $108.00 and gave the company a “neutral” rating in a report on Friday, August 29th. Weiss Ratings restated a “buy (b)” rating on shares of DT Midstream in a report on Wednesday, October 8th. Citigroup increased their price objective on shares of DT Midstream from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Barclays lifted their price objective on shares of DT Midstream from $103.00 to $114.00 and gave the company an “equal weight” rating in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. upped their target price on DT Midstream from $114.00 to $118.00 and gave the stock a “neutral” rating in a report on Monday, September 29th. Eight investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $117.46.

DT Midstream Stock Performance

DT Midstream stock opened at $113.20 on Wednesday. DT Midstream has a fifty-two week low of $83.30 and a fifty-two week high of $116.47. The company has a market capitalization of $11.51 billion, a PE ratio of 28.59, a P/E/G ratio of 2.25 and a beta of 0.77. The company has a 50 day moving average price of $109.99 and a 200-day moving average price of $105.84. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.92 and a current ratio of 0.92.

DT Midstream (NYSE:DTM) last released its quarterly earnings data on Thursday, October 30th. The company reported $1.13 EPS for the quarter, topping the consensus estimate of $1.03 by $0.10. DT Midstream had a return on equity of 8.83% and a net margin of 34.30%.The company had revenue of $314.00 million for the quarter, compared to the consensus estimate of $309.21 million. During the same period last year, the business posted $0.90 EPS. DT Midstream has set its FY 2025 guidance at 4.150-4.450 EPS. As a group, equities analysts forecast that DT Midstream will post 3.8 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pathstone Holdings LLC raised its holdings in shares of DT Midstream by 0.3% in the 3rd quarter. Pathstone Holdings LLC now owns 28,322 shares of the company’s stock valued at $3,215,000 after purchasing an additional 97 shares in the last quarter. Private Trust Co. NA grew its stake 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 increased its holdings in DT Midstream by 4.2% in the second quarter. Ballentine Partners LLC now owns 2,604 shares of the company’s stock valued at $286,000 after buying an additional 106 shares during the last quarter. Cresset Asset Management LLC raised its stake in DT Midstream by 1.7% in the third quarter. Cresset Asset Management LLC now owns 6,408 shares of the company’s stock valued at $730,000 after buying an additional 108 shares in the last quarter. Finally, Independent Advisor Alliance raised its stake in DT Midstream by 2.5% in the first quarter. Independent Advisor Alliance now owns 4,713 shares of the company’s stock valued at $455,000 after buying an additional 117 shares in the last quarter. 81.53% of the stock is currently owned by hedge funds and other institutional investors.

DT Midstream Company Profile

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.