JPMorgan Chase & Co. Issues Positive Forecast for DT Midstream (NYSE:DTM) Stock Price

DT Midstream (NYSE:DTM) had its price objective upped by JPMorgan Chase & Co. from $109.00 to $115.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 3.54% from the company’s previous close.

DTM has been the topic of several other research reports. Wells Fargo & Company boosted their price objective on DT Midstream from $87.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Barclays assumed coverage on shares of DT Midstream in a report on Friday, January 10th. They set an “equal weight” rating and a $112.00 price target on the stock. The Goldman Sachs Group raised their price objective 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. Morgan Stanley boosted their target price on shares of DT Midstream from $82.00 to $92.00 and gave the company an “underweight” rating in a research note on Friday, October 25th. Finally, Citigroup raised DT Midstream from a “neutral” rating to a “buy” rating and raised their target price for the stock from $90.00 to $115.00 in a research report on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $99.88.

DT Midstream Stock Performance

DTM stock traded down $0.29 during trading on Friday, reaching $111.06. 132,962 shares of the company’s stock were exchanged, compared to its average volume of 772,528. The firm has a market cap of $10.79 billion, a PE ratio of 27.02 and a beta of 0.79. 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 1-year low of $51.17 and a 1-year high of $114.50. The company’s fifty day moving average price is $103.83 and its 200-day moving average price is $88.19.

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

Institutional Investors Weigh In On DT Midstream

Large investors have recently bought and sold shares of the business. Caprock Group LLC lifted its position in shares of DT Midstream by 68.2% in the fourth quarter. Caprock Group LLC now owns 6,827 shares of the company’s stock worth $683,000 after buying an additional 2,769 shares during the last quarter. Crews Bank & Trust acquired a new position in shares of DT Midstream during the 4th quarter valued at about $53,000. Hantz Financial Services Inc. raised its stake in shares of DT Midstream by 5.7% in the 4th quarter. Hantz Financial Services Inc. now owns 9,221 shares of the company’s stock valued at $917,000 after acquiring an additional 500 shares in the last quarter. Perigon Wealth Management LLC boosted its position in DT Midstream by 16.3% during the fourth quarter. Perigon Wealth Management LLC now owns 5,032 shares of the company’s stock worth $500,000 after purchasing an additional 707 shares during the period. Finally, KBC Group NV grew its holdings in DT Midstream by 57.3% during the fourth quarter. KBC Group NV now owns 4,234 shares of the company’s stock valued at $421,000 after purchasing an additional 1,542 shares during the last quarter. 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.