DT Midstream (NYSE:DTM) Upgraded by US Capital Advisors to “Moderate Buy” Rating

DT Midstream (NYSE:DTM) was upgraded by investment analysts at US Capital Advisors from a “hold” rating to a “moderate buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other research firms have also recently commented on DTM. Bank of America started coverage on DT Midstream in a research note on Monday, March 24th. They issued a “buy” rating and a $110.00 target price for the company. Barclays lowered their target price on DT Midstream from $112.00 to $107.00 and set an “equal weight” rating for the company in a research note on Friday, March 21st. Wells Fargo & Company lowered their target price on DT Midstream from $118.00 to $108.00 and set an “overweight” rating for the company in a research note on Friday, February 28th. UBS Group lifted their target price on DT Midstream from $102.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, March 27th. Finally, The Goldman Sachs Group lifted 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. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $105.08.

DT Midstream Trading Up 4.9 %

Shares of DTM opened at $93.07 on Monday. The stock has a fifty day moving average price of $96.34 and a two-hundred day moving average price of $96.86. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 0.95. DT Midstream has a 52-week low of $61.01 and a 52-week high of $114.50. The company has a market cap of $9.46 billion, a price-to-earnings ratio of 22.64 and a beta of 0.77.

Insider Buying and Selling

In other DT Midstream news, Director Robert C. Skaggs, Jr. purchased 1,000 shares of the stock in a transaction on Monday, March 10th. The shares were purchased at an average price of $86.92 per share, with a total value of $86,920.00. Following the completion of the transaction, the director now directly owns 38,653 shares in the company, valued at $3,359,718.76. This represents a 2.66 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders have purchased 1,170 shares of company stock worth $103,357. Corporate insiders own 0.04% of the company’s stock.

Hedge Funds Weigh In On DT Midstream

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP grew its position in DT Midstream by 225.4% during the third quarter. Wellington Management Group LLP now owns 145,556 shares of the company’s stock worth $11,449,000 after buying an additional 100,825 shares in the last quarter. Friedenthal Financial acquired a new stake in DT Midstream during the fourth quarter worth approximately $764,000. Truist Financial Corp acquired a new stake in DT Midstream during the fourth quarter worth approximately $771,000. Geode Capital Management LLC grew its position in DT Midstream by 4.3% during the third quarter. Geode Capital Management LLC now owns 2,066,278 shares of the company’s stock worth $162,567,000 after buying an additional 85,462 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its position in DT Midstream by 55.9% during the fourth quarter. Thrivent Financial for Lutherans now owns 35,570 shares of the company’s stock worth $3,536,000 after buying an additional 12,755 shares in the last quarter. Institutional investors and hedge funds own 81.53% of the company’s stock.

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.