DT Midstream (NYSE:DTM) PT Raised to $92.00 at Morgan Stanley

DT Midstream (NYSE:DTM) had its price objective boosted by Morgan Stanley from $82.00 to $92.00 in a research note issued on Friday, Benzinga reports. The firm presently has an “underweight” rating on the stock. Morgan Stanley’s price objective would suggest a potential upside of 4.60% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. Stifel Nicolaus upped their price objective on DT Midstream from $70.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Citigroup raised their price target on DT Midstream from $62.00 to $76.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 4th. JPMorgan Chase & Co. increased their target price on shares of DT Midstream from $78.00 to $83.00 and gave the company a “neutral” rating in a research note on Friday, October 4th. Wells Fargo & Company lifted their price target on shares of DT Midstream from $77.00 to $87.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Finally, Barclays increased their price objective on shares of DT Midstream from $76.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $77.38.

DT Midstream Trading Up 0.9 %

Shares of DTM opened at $87.95 on Friday. The stock has a market capitalization of $8.54 billion, a PE ratio of 21.45 and a beta of 0.74. The company’s fifty day moving average is $79.78 and its 200 day moving average is $72.29. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.84 and a current ratio of 0.84. DT Midstream has a fifty-two week low of $51.17 and a fifty-two week high of $87.98.

DT Midstream (NYSE:DTM) last posted its earnings results on Tuesday, July 30th. The company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.06. The firm had revenue of $244.00 million for the quarter, compared to the consensus estimate of $236.83 million. DT Midstream had a net margin of 42.10% and a return on equity of 9.45%. During the same period in the previous year, the firm posted $0.93 EPS. Sell-side analysts expect that DT Midstream will post 3.99 earnings per share for the current fiscal year.

Institutional Trading of DT Midstream

Several institutional investors and hedge funds have recently modified their holdings of DTM. International Assets Investment Management LLC bought a new position in DT Midstream in the third quarter worth approximately $39,166,000. Dimensional Fund Advisors LP grew its position in shares of DT Midstream by 12.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,393,511 shares of the company’s stock worth $312,070,000 after buying an additional 490,613 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of DT Midstream by 309.7% during the second quarter. AQR Capital Management LLC now owns 257,101 shares of the company’s stock valued at $18,262,000 after buying an additional 194,354 shares during the period. Duff & Phelps Investment Management Co. increased its stake in shares of DT Midstream by 2,658.2% during the second quarter. Duff & Phelps Investment Management Co. now owns 182,121 shares of the company’s stock valued at $12,936,000 after buying an additional 175,518 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of DT Midstream by 14.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 809,126 shares of the company’s stock valued at $49,438,000 after acquiring an additional 99,755 shares in the last quarter. Institutional investors own 81.53% of the company’s stock.

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.