Mizuho Forecasts Strong Price Appreciation for DT Midstream (NYSE:DTM) Stock

DT Midstream (NYSE:DTM) had its price target lifted by research analysts at Mizuho from $129.00 to $153.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Mizuho’s price target indicates a potential upside of 5.77% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Citigroup lifted their price target on DT Midstream from $156.00 to $169.00 and gave the company a “buy” rating in a research note on Monday. Wall Street Zen upgraded DT Midstream from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. JPMorgan Chase & Co. lifted their price target on DT Midstream from $126.00 to $142.00 and gave the company a “neutral” rating in a research note on Thursday, March 5th. Morgan Stanley upgraded DT Midstream from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $139.00 to $165.00 in a research note on Wednesday, April 22nd. Finally, The Goldman Sachs Group lifted their price target on DT Midstream from $111.00 to $127.00 and gave the company a “sell” rating in a research note on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $150.75.

DT Midstream Stock Performance

NYSE DTM opened at $144.65 on Tuesday. The stock has a 50-day simple moving average of $136.70 and a two-hundred day simple moving average of $125.56. The firm has a market capitalization of $14.76 billion, a P/E ratio of 32.00, a PEG ratio of 2.95 and a beta of 0.75. DT Midstream has a fifty-two week low of $98.06 and a fifty-two week high of $150.45. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.26 and a current ratio of 1.26.

DT Midstream (NYSE:DTM) last released its quarterly earnings data on Thursday, April 30th. The company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.16. The business had revenue of $336.00 million during the quarter, compared to analyst estimates of $313.65 million. DT Midstream had a return on equity of 9.53% and a net margin of 36.28%.During the same quarter last year, the business posted $1.06 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. On average, equities analysts forecast that DT Midstream will post 4.76 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Jeffrey A. Jewell acquired 185 shares of the business’s stock in a transaction on Wednesday, February 25th. The stock was bought at an average cost of $136.33 per share, for a total transaction of $25,221.05. Following the purchase, the chief financial officer owned 89,583 shares in the company, valued at approximately $12,212,850.39. This represents a 0.21% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On DT Midstream

Several large investors have recently bought and sold shares of the company. NewEdge Wealth LLC increased its stake in DT Midstream by 2.4% during the 4th quarter. NewEdge Wealth LLC now owns 3,613 shares of the company’s stock worth $432,000 after buying an additional 85 shares in the last quarter. Covestor Ltd increased its stake in DT Midstream by 11.2% during the 4th quarter. Covestor Ltd now owns 897 shares of the company’s stock worth $107,000 after buying an additional 90 shares in the last quarter. Richardson Financial Services Inc. increased its stake in DT Midstream by 62.7% during the 4th quarter. Richardson Financial Services Inc. now owns 244 shares of the company’s stock worth $29,000 after buying an additional 94 shares in the last quarter. VestGen Investment Management increased its stake in DT Midstream by 1.2% during the 4th quarter. VestGen Investment Management now owns 7,698 shares of the company’s stock worth $921,000 after buying an additional 94 shares in the last quarter. Finally, Pathstone Holdings LLC increased its stake in DT Midstream by 0.3% during the 3rd quarter. Pathstone Holdings LLC now owns 28,322 shares of the company’s stock worth $3,215,000 after buying an additional 97 shares in the last quarter. 81.53% of the stock is currently owned by hedge funds and other institutional investors.

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.