Barclays Initiates Coverage on DT Midstream (NYSE:DTM)

Research analysts at Barclays assumed coverage on shares of DT Midstream (NYSE:DTM) in a report issued on Friday,Briefing.com Automated Import reports. The brokerage set an “equal weight” rating and a $112.00 price target on the stock. Barclays‘s target price would indicate a potential upside of 5.82% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on the stock. Citigroup upgraded shares of DT Midstream from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $90.00 to $115.00 in a report on Thursday, November 21st. Stifel Nicolaus raised DT Midstream from a “hold” rating to a “buy” rating and raised their price objective for the company from $89.00 to $106.00 in a research report on Thursday, December 19th. Wells Fargo & Company boosted their target price on DT Midstream from $87.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. raised their price target on DT Midstream from $78.00 to $83.00 and gave the company a “neutral” rating in a report on Friday, October 4th. Finally, The Goldman Sachs Group upped their price target on shares of DT Midstream from $74.00 to $94.00 and gave the stock a “sell” rating in a research note on Thursday, December 19th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $91.11.

DT Midstream Trading Up 2.3 %

DTM opened at $105.84 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.61. DT Midstream has a 52 week low of $51.17 and a 52 week high of $109.85. The stock has a market cap of $10.28 billion, a PE ratio of 25.75 and a beta of 0.79. The business has a 50 day moving average of $101.02 and a 200-day moving average of $85.43.

DT Midstream (NYSE:DTM) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.05). The firm had revenue of $248.00 million for the quarter, compared to analysts’ expectations of $242.64 million. DT Midstream had a net margin of 41.19% and a return on equity of 9.31%. During the same period in the prior year, the business posted $0.94 EPS. Equities research analysts predict that DT Midstream will post 3.84 earnings per share for the current fiscal year.

Institutional Trading of DT Midstream

Large investors have recently made changes to their positions in the stock. UMB Bank n.a. lifted its position in DT Midstream by 324.3% during the third quarter. UMB Bank n.a. now owns 314 shares of the company’s stock valued at $25,000 after purchasing an additional 240 shares during the period. V Square Quantitative Management LLC bought a new position in shares of DT Midstream during the 3rd quarter valued at $29,000. Wilmington Savings Fund Society FSB bought a new stake in shares of DT Midstream in the third quarter worth $29,000. Brooklyn Investment Group bought a new stake in shares of DT Midstream in the third quarter worth $40,000. Finally, Ashton Thomas Securities LLC purchased a new stake in DT Midstream during the third quarter valued at $56,000. 81.53% of the stock is currently owned by institutional investors.

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.