DT Midstream (NYSE:DTM) Stock Rating Lowered by Wall Street Zen

DT Midstream (NYSE:DTM) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Other equities analysts have also recently issued reports about the company. UBS Group lifted their price objective on DT Midstream from $128.00 to $152.00 and gave the company a “buy” rating in a report on Friday, February 20th. Stifel Nicolaus set a $137.00 target price on DT Midstream and gave the stock a “hold” rating in a report on Monday, February 23rd. Barclays raised their price target on DT Midstream from $119.00 to $141.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 5th. Mizuho boosted their price target on DT Midstream from $108.00 to $129.00 and gave the company a “neutral” rating in a research note on Tuesday, February 17th. Finally, Wells Fargo & Company upped their price objective on shares of DT Midstream from $150.00 to $165.00 and gave the stock an “overweight” rating in a research report on Friday, March 13th. Six investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $144.10.

DT Midstream Stock Performance

Shares of NYSE:DTM opened at $135.21 on Friday. DT Midstream has a 12-month low of $83.30 and a 12-month high of $143.67. The company’s 50 day moving average price is $132.67 and its two-hundred day moving average price is $121.00. The firm has a market cap of $13.79 billion, a PE ratio of 31.37, a PEG ratio of 2.80 and a beta of 0.75. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.68.

DT Midstream (NYSE:DTM) last released its quarterly earnings results on Thursday, February 19th. The company reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.03). The business had revenue of $317.00 million during the quarter, compared to analyst estimates of $320.07 million. DT Midstream had a net margin of 35.48% and a return on equity of 9.13%. During the same quarter in the previous year, the firm posted $0.94 earnings per share. Equities research analysts predict that DT Midstream will post 3.8 earnings per share for the current year.

Insider Activity at DT Midstream

In related news, CFO Jeffrey A. Jewell bought 185 shares of the company’s stock in a transaction dated Wednesday, February 25th. The stock was purchased at an average price of $136.33 per share, with a total value of $25,221.05. Following the completion of the acquisition, the chief financial officer owned 89,583 shares of the company’s stock, valued at $12,212,850.39. The trade was a 0.21% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.34% of the company’s stock.

Hedge Funds Weigh In On DT Midstream

Institutional investors have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC bought a new position in DT Midstream in the 4th quarter valued at approximately $839,000. Rockefeller Capital Management L.P. grew its stake in shares of DT Midstream by 41.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 7,473 shares of the company’s stock worth $894,000 after buying an additional 2,182 shares during the last quarter. World Investment Advisors acquired a new position in shares of DT Midstream during the fourth quarter worth $218,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of DT Midstream during the fourth quarter worth $30,000. Finally, Rehmann Capital Advisory Group lifted its stake in shares of DT Midstream by 36.6% in the 4th quarter. Rehmann Capital Advisory Group now owns 2,876 shares of the company’s stock valued at $344,000 after acquiring an additional 770 shares during the last quarter. 81.53% of the stock is currently owned by institutional investors and hedge funds.

DT Midstream Company Profile

DT Midstream Inc (NYSE: DTM) is a midstream energy company that owns and operates infrastructure for gathering, processing and treating hydrocarbons and produced water. Its core business activities encompass natural gas gathering, cryogenic processing, natural gas liquids (NGL) fractionation, and produced-water handling services. These integrated operations enable the company to capture and transport multiple hydrocarbon streams from wellhead to market and to provide essential water management solutions.

The company’s asset footprint is concentrated in the Delaware Basin in West Texas and southeastern New Mexico, where it serves a diverse range of exploration and production customers.