Stifel Nicolaus Has Lowered Expectations for DT Midstream (NYSE:DTM) Stock Price

DT Midstream (NYSE:DTM) had its target price dropped by Stifel Nicolaus from $106.00 to $102.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 8.98% from the company’s previous close.

Several other brokerages also recently issued reports on DTM. Citigroup raised shares of DT Midstream from a “neutral” rating to a “buy” rating and upped their price target for the company from $90.00 to $115.00 in a report on Thursday, November 21st. The Goldman Sachs Group upped their target price on DT Midstream from $74.00 to $94.00 and gave the company a “sell” rating in a research note on Thursday, December 19th. Raymond James raised their price target on DT Midstream from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. JPMorgan Chase & Co. upped their price objective on DT Midstream from $109.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, January 24th. Finally, Barclays initiated coverage on DT Midstream in a research report on Friday, January 10th. They set an “equal weight” rating and a $112.00 price objective for the company. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, DT Midstream presently has an average rating of “Hold” and an average price target of $101.11.

DT Midstream Price Performance

Shares of DT Midstream stock traded down $1.32 on Thursday, hitting $93.60. The company’s stock had a trading volume of 335,637 shares, compared to its average volume of 949,245. The company has a market capitalization of $9.09 billion, a P/E ratio of 22.76 and a beta of 0.79. DT Midstream has a 52-week low of $56.60 and a 52-week high of $114.50. The firm has a fifty day moving average price of $102.82 and a 200-day moving average price of $92.95. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.61.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Bernard Wealth Management Corp. acquired a new position in DT Midstream during the fourth quarter worth approximately $1,663,000. WNY Asset Management LLC purchased a new stake in shares of DT Midstream during the 4th quarter valued at $217,000. Forum Financial Management LP increased its holdings in shares of DT Midstream by 5.1% during the 4th quarter. Forum Financial Management LP now owns 3,391 shares of the company’s stock worth $337,000 after buying an additional 165 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of DT Midstream by 1.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 244,347 shares of the company’s stock worth $24,295,000 after buying an additional 3,147 shares during the period. Finally, Voloridge Investment Management LLC acquired a new position in DT Midstream in the fourth quarter valued at $1,308,000. 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.