DT Midstream (NYSE:DTM) Lowered to Hold Rating by US Capital Advisors

DT Midstream (NYSE:DTM) was downgraded by equities research analysts at US Capital Advisors from a “moderate buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Several other equities analysts have also commented on the stock. Williams Trading set a $110.00 price objective on shares of DT Midstream in a research report on Monday, March 24th. UBS Group increased their price target on shares of DT Midstream from $102.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, March 27th. Raymond James increased their price target on shares of DT Midstream from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Stifel Nicolaus cut their price target on shares of DT Midstream from $106.00 to $102.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Finally, Bank of America initiated coverage on shares of DT Midstream in a report on Monday, March 24th. They issued a “buy” rating and a $110.00 price target on the stock. Two analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $104.67.

DT Midstream Stock Performance

Shares of DT Midstream stock opened at $98.76 on Monday. The firm has a market capitalization of $10.03 billion, a P/E ratio of 24.03 and a beta of 0.77. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.61. The company has a 50 day moving average price of $94.91 and a 200 day moving average price of $98.26. DT Midstream has a 52 week low of $61.01 and a 52 week high of $114.50.

Insider Activity at DT Midstream

In related news, Director Robert C. Skaggs, Jr. purchased 1,000 shares of the company’s stock in a transaction that occurred 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 purchase, the director now owns 38,653 shares of the company’s stock, valued at $3,359,718.76. The trade was a 2.66 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.34% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System lifted its holdings in DT Midstream by 0.4% in the 4th quarter. Louisiana State Employees Retirement System now owns 27,000 shares of the company’s stock valued at $2,685,000 after purchasing an additional 100 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in DT Midstream by 15.0% in the 4th quarter. Jones Financial Companies Lllp now owns 768 shares of the company’s stock valued at $76,000 after purchasing an additional 100 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in DT Midstream by 17.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 696 shares of the company’s stock valued at $69,000 after purchasing an additional 105 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in DT Midstream by 1.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 12,137 shares of the company’s stock valued at $1,235,000 after purchasing an additional 116 shares in the last quarter. Finally, Lakeshore Financial Planning Inc. lifted its holdings in DT Midstream by 4.2% in the 4th quarter. Lakeshore Financial Planning Inc. now owns 2,868 shares of the company’s stock valued at $285,000 after purchasing an additional 116 shares in the last quarter. Hedge funds and other institutional investors 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.