US Capital Advisors Downgrades DT Midstream (NYSE:DTM) to Hold

DT Midstream (NYSE:DTM) was downgraded by investment analysts at US Capital Advisors from a “moderate buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

A number of other research firms have also issued reports on DTM. JPMorgan Chase & Co. increased their target price on shares of DT Midstream from $109.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, January 24th. Raymond James increased their target price on shares of DT Midstream from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Wells Fargo & Company reduced their target price on shares of DT Midstream from $118.00 to $108.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. Williams Trading set a $110.00 target price on shares of DT Midstream in a report on Monday, March 24th. Finally, Morgan Stanley increased their target price on shares of DT Midstream from $92.00 to $105.00 and gave the stock an “underweight” rating in a report on Tuesday, March 25th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $104.67.

DT Midstream Stock Performance

NYSE:DTM opened at $98.76 on Monday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market capitalization of $10.03 billion, a P/E ratio of 24.03 and a beta of 0.77. The company has a 50 day moving average price of $94.91 and a 200 day moving average price of $98.26. DT Midstream has a fifty-two week low of $61.01 and a fifty-two week high of $114.50.

Insider Buying and Selling

In related news, Director Robert C. Skaggs, Jr. purchased 1,000 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average cost of $86.92 per share, for a total transaction of $86,920.00. Following the purchase, the director now directly owns 38,653 shares of the company’s stock, valued at $3,359,718.76. The trade was a 2.66 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.34% of the stock is owned by company insiders.

Institutional Investors Weigh In On DT Midstream

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. grew its position in DT Midstream by 8.4% during the 1st quarter. Principal Financial Group Inc. now owns 264,607 shares of the company’s stock worth $25,529,000 after purchasing an additional 20,510 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in DT Midstream by 4.0% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 20,575 shares of the company’s stock worth $1,985,000 after purchasing an additional 800 shares during the last quarter. Teacher Retirement System of Texas grew its position in DT Midstream by 1.3% during the 1st quarter. Teacher Retirement System of Texas now owns 53,059 shares of the company’s stock worth $5,119,000 after purchasing an additional 676 shares during the last quarter. First Horizon Advisors Inc. grew its position in DT Midstream by 23.8% during the 1st quarter. First Horizon Advisors Inc. now owns 1,439 shares of the company’s stock worth $139,000 after purchasing an additional 277 shares during the last quarter. Finally, Krane Funds Advisors LLC grew its position in DT Midstream by 7.6% during the 1st quarter. Krane Funds Advisors LLC now owns 4,784 shares of the company’s stock worth $462,000 after purchasing an additional 336 shares during the last quarter. 81.53% of the stock is currently owned by institutional investors and hedge funds.

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.