DT Midstream (NYSE:DTM) Given New $133.00 Price Target at Wells Fargo & Company

DT Midstream (NYSE:DTM) had its target price upped by equities research analysts at Wells Fargo & Company from $121.00 to $133.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 12.57% from the stock’s current price.

A number of other analysts have also issued reports on the company. Bank of America raised their price target on DT Midstream from $118.00 to $132.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Barclays raised their target price on shares of DT Midstream from $103.00 to $114.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 8th. UBS Group upped their price target on shares of DT Midstream from $115.00 to $128.00 and gave the stock a “buy” rating in a research report on Friday, October 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of DT Midstream in a research note on Wednesday, October 8th. Finally, Jefferies Financial Group assumed coverage on DT Midstream in a report on Monday, November 3rd. They set a “buy” rating and a $125.00 price objective for the company. Eight analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, DT Midstream has an average rating of “Hold” and an average price target of $121.00.

DT Midstream Trading Down 0.2%

NYSE DTM traded down $0.27 during mid-day trading on Wednesday, reaching $118.15. 275,430 shares of the stock were exchanged, compared to its average volume of 935,675. The stock has a market capitalization of $12.01 billion, a PE ratio of 29.82, a PEG ratio of 2.31 and a beta of 0.76. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.92 and a current ratio of 0.92. DT Midstream has a 1-year low of $83.30 and a 1-year high of $122.70. The business’s fifty day simple moving average is $114.12 and its 200 day simple moving average is $108.56.

DT Midstream (NYSE:DTM) last issued its quarterly earnings results on Thursday, October 30th. The company reported $1.13 earnings per share for the quarter, beating the consensus estimate 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 $314.00 million during the quarter, compared to the consensus estimate of $309.21 million. During the same period in the previous year, the firm posted $0.90 EPS. DT Midstream has set its FY 2025 guidance at 4.150-4.450 EPS. On average, research analysts anticipate that DT Midstream will post 3.8 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in DTM. Twin Tree Management LP acquired a new position in shares of DT Midstream in the first quarter worth $29,000. Mather Group LLC. acquired a new stake in shares of DT Midstream in the third quarter worth $30,000. Centerpoint Advisors LLC raised its position in shares of DT Midstream by 198.9% during the third quarter. Centerpoint Advisors LLC now owns 269 shares of the company’s stock valued at $30,000 after buying an additional 179 shares during the last quarter. First Horizon Corp acquired a new stake in shares of DT Midstream during the 3rd quarter worth approximately $32,000. Finally, Cary Street Partners Investment Advisory LLC acquired a new stake in DT Midstream during the second quarter worth $33,000. 81.53% of the stock is owned by hedge funds and other institutional investors.

DT Midstream Company Profile

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.