DT Midstream (NYSE:DTM) Stock Gets Price Target Trim from Morgan Stanley

DT Midstream (NYSE:DTM) had its price target decreased by stock analysts at Morgan Stanley from $164.00 to $161.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Morgan Stanley‘s price target indicates a potential upside of 29.30% from the stock’s previous close.

DTM has been the subject of several other reports. JPMorgan Chase & Co. raised their price objective on shares of DT Midstream from $146.00 to $154.00 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. Wall Street Zen downgraded DT Midstream from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Scotiabank decreased their target price on DT Midstream from $165.00 to $161.00 and set a “sector outperform” rating for the company in a research report on Tuesday. Bank of America restated a “buy” rating on shares of DT Midstream in a research note on Monday, October 26th. Finally, Wells Fargo & Company lifted their price target on DT Midstream from $165.00 to $167.00 and gave the company an “overweight” rating in a research report on Friday. Ten research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, DT Midstream presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.00.

DT Midstream Trading Up 2.9%

DT Midstream stock traded up $3.54 during mid-day trading on Tuesday, reaching $124.52. 318,743 shares of the company traded hands, compared to its average volume of 841,316. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.37 and a quick ratio of 1.37. DT Midstream has a 52-week low of $109.12 and a 52-week high of $152.88. The firm has a market capitalization of $12.70 billion, a price-to-earnings ratio of 27.05, a P/E/G ratio of 1.74 and a beta of 0.72. The firm’s 50 day moving average price is $125.55 and its 200 day moving average price is $134.63.

DT Midstream (NYSE:DTM) last posted its earnings results on Thursday, October 29th. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.13 by $0.03. The firm had revenue of $336.00 million during the quarter, compared to analysts’ expectations of $337.63 million. DT Midstream had a net margin of 35.72% and a return on equity of 9.58%. During the same period last year, the company posted $1.13 EPS. On average, analysts anticipate that DT Midstream will post 4.64 earnings per share for the current fiscal year.

Institutional Trading of DT Midstream

Institutional investors have recently bought and sold shares of the company. Covestor Ltd raised its holdings in DT Midstream by 190.4% in the third quarter. Covestor Ltd now owns 212 shares of the company’s stock worth $25,000 after buying an additional 139 shares during the last quarter. Premier Financial Group bought a new stake in shares of DT Midstream during the second quarter valued at approximately $33,000. Western Wealth Management LLC bought a new stake in shares of DT Midstream during the first quarter valued at approximately $32,000. Continuum Advisory LLC purchased a new position in DT Midstream in the 2nd quarter worth approximately $36,000. Finally, Cassaday & Co Wealth Management LLC bought a new position in DT Midstream in the 1st quarter valued at approximately $41,000. 81.53% of the stock is owned by hedge funds and other institutional investors.

About DT Midstream

DT Midstream, Inc (NYSE: DTM) is an independent North American energy company focused on the transportation, storage and gathering of natural gas. The company owns and operates interstate and intrastate pipeline systems, natural gas storage facilities, and gathering and processing infrastructure that connect producers with utilities, power generators, industrial customers and other energy markets.

DT Midstream’s operations are concentrated in the United States, including the Midwest, Northeast and Gulf Coast regions.