DT Midstream, Inc. (NYSE:DTM) Receives Average Recommendation of “Hold” from Brokerages

DT Midstream, Inc. (NYSE:DTM) has been given a consensus recommendation of “Hold” by the eleven brokerages that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $101.56.

Several equities analysts recently commented on the company. Stifel Nicolaus upgraded DT Midstream from a “hold” rating to a “buy” rating and upped their price objective for the company from $89.00 to $106.00 in a research note on Thursday, December 19th. Raymond James raised their price objective on DT Midstream from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Morgan Stanley increased their target price on shares of DT Midstream from $82.00 to $92.00 and gave the stock an “underweight” rating in a report on Friday, October 25th. Barclays began coverage on shares of DT Midstream in a report on Friday, January 10th. They set an “equal weight” rating and a $112.00 target price for the company. Finally, Wells Fargo & Company raised their price target on shares of DT Midstream from $87.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st.

Institutional Investors Weigh In On DT Midstream

A number of hedge funds have recently bought and sold shares of DTM. Louisiana State Employees Retirement System lifted its position in DT Midstream by 0.4% during the 4th quarter. Louisiana State Employees Retirement System now owns 27,000 shares of the company’s stock worth $2,685,000 after acquiring an additional 100 shares during the period. Jones Financial Companies Lllp grew its position in shares of DT Midstream by 15.0% in the fourth quarter. Jones Financial Companies Lllp now owns 768 shares of the company’s stock valued at $76,000 after purchasing an additional 100 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in shares of DT Midstream by 17.8% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 696 shares of the company’s stock worth $69,000 after purchasing an additional 105 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of DT Midstream by 1.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 12,137 shares of the company’s stock worth $1,235,000 after purchasing an additional 116 shares in the last quarter. Finally, Larson Financial Group LLC boosted its holdings in DT Midstream by 21.1% in the 4th quarter. Larson Financial Group LLC now owns 683 shares of the company’s stock worth $68,000 after acquiring an additional 119 shares during the period. Institutional investors and hedge funds own 81.53% of the company’s stock.

DT Midstream Trading Down 0.2 %

Shares of NYSE DTM opened at $101.63 on Tuesday. DT Midstream has a 52-week low of $51.17 and a 52-week high of $114.50. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a 50 day moving average price of $103.15 and a two-hundred day moving average price of $90.93. The stock has a market cap of $9.87 billion, a P/E ratio of 24.73 and a beta of 0.79.

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.