DT Midstream (NYSE:DTM) Stock Price Expected to Rise, Morgan Stanley Analyst Says

DT Midstream (NYSE:DTM) had its price target increased by research analysts at Morgan Stanley from $126.00 to $137.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an “underweight” rating on the stock. Morgan Stanley’s target price indicates a potential upside of 18.76% from the stock’s current price.

Several other research firms have also commented on DTM. Citigroup increased their price target on shares of DT Midstream from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. JPMorgan Chase & Co. lifted their price target on shares of DT Midstream from $114.00 to $118.00 and gave the stock a “neutral” rating in a report on Monday, September 29th. Wells Fargo & Company boosted their target price on DT Midstream from $108.00 to $117.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Stifel Nicolaus boosted their target price on shares of DT Midstream from $119.00 to $121.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Finally, Mizuho lifted their price objective on DT Midstream from $105.00 to $108.00 and gave the company a “neutral” rating in a research note on Friday, August 29th. Eight research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $117.46.

DT Midstream Stock Performance

Shares of DTM stock traded up $0.77 during trading hours on Wednesday, reaching $115.36. 105,295 shares of the company traded hands, compared to its average volume of 947,252. DT Midstream has a 12-month low of $83.30 and a 12-month high of $115.80. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market cap of $11.73 billion, a P/E ratio of 29.10, a P/E/G ratio of 2.47 and a beta of 0.77. The firm has a 50-day moving average price of $109.62 and a 200 day moving average price of $105.72.

DT Midstream (NYSE:DTM) last announced its quarterly earnings results on Thursday, October 30th. The company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.10. DT Midstream had a return on equity of 8.83% and a net margin of 34.30%.The company had revenue of $309.16 million during the quarter, compared to analyst estimates of $309.21 million. During the same period in the prior year, the company earned $0.90 earnings per share. DT Midstream has set its FY 2025 guidance at 4.150-4.450 EPS. As a group, sell-side analysts predict that DT Midstream will post 3.8 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DTM. Envestnet Asset Management Inc. grew its position in shares of DT Midstream by 3.1% during the first quarter. Envestnet Asset Management Inc. now owns 222,541 shares of the company’s stock worth $21,471,000 after acquiring an additional 6,715 shares during the last quarter. Cerity Partners LLC increased its position in shares of DT Midstream by 2.8% in the first quarter. Cerity Partners LLC now owns 17,033 shares of the company’s stock valued at $1,644,000 after buying an additional 471 shares in the last quarter. Xponance Inc. raised its stake in shares of DT Midstream by 5.3% during the 1st quarter. Xponance Inc. now owns 12,528 shares of the company’s stock worth $1,209,000 after buying an additional 636 shares during the last quarter. Ballentine Partners LLC boosted its position in shares of DT Midstream by 4.8% in the 1st quarter. Ballentine Partners LLC now owns 2,498 shares of the company’s stock worth $241,000 after buying an additional 114 shares in the last quarter. Finally, Arizona State Retirement System grew its stake in DT Midstream by 2.6% in the 1st quarter. Arizona State Retirement System now owns 28,908 shares of the company’s stock valued at $2,789,000 after acquiring an additional 732 shares during 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.