DT Midstream (NYSE:DTM) Price Target Raised to $94.00 at The Goldman Sachs Group

DT Midstream (NYSE:DTM) had its price objective upped by analysts at The Goldman Sachs Group from $74.00 to $94.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “sell” rating on the stock. The Goldman Sachs Group’s target price would suggest a potential downside of 4.56% from the stock’s current price.

Other analysts also recently issued research reports about the company. Wells Fargo & Company upped their price target on DT Midstream from $87.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Morgan Stanley raised their price target on shares of DT Midstream from $82.00 to $92.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. Citigroup raised DT Midstream from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $90.00 to $115.00 in a research report on Thursday, November 21st. Barclays upped their price target on DT Midstream from $85.00 to $92.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Finally, JPMorgan Chase & Co. raised their target price on DT Midstream from $78.00 to $83.00 and gave the stock a “neutral” rating in a research report on Friday, October 4th. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $88.89.

DT Midstream Trading Up 3.2 %

DT Midstream stock traded up $3.08 during midday trading on Thursday, reaching $98.49. The stock had a trading volume of 185,312 shares, compared to its average volume of 680,033. The firm’s fifty day simple moving average is $96.38 and its two-hundred day simple moving average is $81.83. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.95 and a quick ratio of 0.95. DT Midstream has a twelve month low of $51.17 and a twelve month high of $109.85. The firm has a market cap of $9.57 billion, a price-to-earnings ratio of 23.96 and a beta of 0.77.

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

Institutional Investors Weigh In On DT Midstream

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB acquired a new stake in shares of DT Midstream in the third quarter valued at about $29,000. Sanctuary Advisors LLC grew its position in shares of DT Midstream by 14.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 4,695 shares of the company’s stock valued at $369,000 after acquiring an additional 597 shares during the period. Coldstream Capital Management Inc. bought a new position in shares of DT Midstream during the 3rd quarter worth approximately $239,000. Geode Capital Management LLC boosted its position in DT Midstream by 4.3% during the third quarter. Geode Capital Management LLC now owns 2,066,278 shares of the company’s stock worth $162,567,000 after purchasing an additional 85,462 shares during the period. Finally, Executive Wealth Management LLC lifted its stake in shares of DT Midstream by 14.7% during the 3rd quarter. Executive Wealth Management LLC now owns 10,563 shares of the company’s stock worth $831,000 after buying an additional 1,356 shares during the last quarter. 81.53% of the stock is owned by 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.