DT Midstream, Inc. (NYSE:DTM) Receives $101.56 Consensus Target Price from Analysts

DT Midstream, Inc. (NYSE:DTM) has been given a consensus rating of “Hold” by the eleven brokerages that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $101.56.

Several equities research analysts have recently commented on the stock. Morgan Stanley upped their price target on shares of DT Midstream from $82.00 to $92.00 and gave the company an “underweight” rating in a research report on Friday, October 25th. Raymond James raised their price objective on DT Midstream from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. The Goldman Sachs Group lifted their price target on shares of DT Midstream from $74.00 to $94.00 and gave the company a “sell” rating in a report on Thursday, December 19th. JPMorgan Chase & Co. lifted their target price on shares of DT Midstream from $109.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. Finally, Stifel Nicolaus raised DT Midstream from a “hold” rating to a “buy” rating and raised their price target for the company from $89.00 to $106.00 in a report on Thursday, December 19th.

DT Midstream Trading Down 1.9 %

Shares of DTM stock opened at $101.30 on Tuesday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61. DT Midstream has a 12-month low of $51.17 and a 12-month high of $114.50. The stock has a market capitalization of $9.84 billion, a P/E ratio of 24.65 and a beta of 0.79. The firm’s 50 day moving average is $103.25 and its 200 day moving average is $90.33.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Millennium Management LLC increased its position in DT Midstream by 30.6% during the 2nd quarter. Millennium Management LLC now owns 48,095 shares of the company’s stock valued at $3,416,000 after purchasing an additional 11,281 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of DT Midstream by 6.0% during the 2nd quarter. NewEdge Advisors LLC now owns 12,878 shares of the company’s stock valued at $915,000 after purchasing an additional 733 shares during the last quarter. Cetera Investment Advisers increased its position in DT Midstream by 2.3% during the 2nd quarter. Cetera Investment Advisers now owns 55,349 shares of the company’s stock valued at $3,932,000 after buying an additional 1,242 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of DT Midstream during the second quarter valued at about $291,000. Finally, GAMMA Investing LLC boosted its stake in DT Midstream by 35.5% in the 3rd quarter. GAMMA Investing LLC now owns 2,597 shares of the company’s stock worth $204,000 after purchasing an additional 681 shares in the last quarter. 81.53% of the stock is owned by hedge funds and other institutional investors.

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.