Wells Fargo & Company Lowers DT Midstream (NYSE:DTM) Price Target to $108.00

DT Midstream (NYSE:DTM) had its price target dropped by equities researchers at Wells Fargo & Company from $118.00 to $108.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective points to a potential upside of 14.44% from the stock’s current price.

DTM has been the topic of several other research reports. Stifel Nicolaus dropped their target price on DT Midstream from $106.00 to $102.00 and set a “buy” rating on the stock in a research report on Thursday. The Goldman Sachs Group increased their price objective on DT Midstream from $74.00 to $94.00 and gave the stock a “sell” rating in a research report on Thursday, December 19th. Citigroup upgraded shares of DT Midstream from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $90.00 to $115.00 in a research report on Thursday, November 21st. Raymond James upped their price target on shares of DT Midstream from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Finally, JPMorgan Chase & Co. raised their price objective on shares of DT Midstream from $109.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $102.00.

DT Midstream Stock Performance

Shares of NYSE:DTM traded up $1.45 during midday trading on Friday, hitting $94.38. The stock had a trading volume of 773,506 shares, compared to its average volume of 982,933. The company has a market capitalization of $9.17 billion, a PE ratio of 22.98 and a beta of 0.79. DT Midstream has a 1 year low of $57.12 and a 1 year high of $114.50. The stock has a 50 day moving average price of $102.73 and a two-hundred day moving average price of $92.95. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61.

Institutional Trading of DT Midstream

Several hedge funds and other institutional investors have recently bought and sold shares of DTM. Raymond James & Associates boosted its holdings in shares of DT Midstream by 68.4% during the third quarter. Raymond James & Associates now owns 30,554 shares of the company’s stock worth $2,403,000 after purchasing an additional 12,406 shares during the last quarter. Private Advisor Group LLC lifted its position in DT Midstream by 27.1% during the third quarter. Private Advisor Group LLC now owns 4,695 shares of the company’s stock worth $369,000 after buying an additional 1,000 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in DT Midstream by 8.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 9,320 shares of the company’s stock worth $733,000 after buying an additional 748 shares during the last quarter. Princeton Global Asset Management LLC grew its holdings in DT Midstream by 8.6% in the 3rd quarter. Princeton Global Asset Management LLC now owns 2,525 shares of the company’s stock valued at $199,000 after buying an additional 200 shares during the period. Finally, Van ECK Associates Corp increased its stake in shares of DT Midstream by 18.6% during the 3rd quarter. Van ECK Associates Corp now owns 33,239 shares of the company’s stock valued at $2,898,000 after acquiring an additional 5,208 shares during the last quarter. 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.