DT Midstream (NYSE:DTM) Given New $137.00 Price Target at Morgan Stanley

DT Midstream (NYSE:DTM) had its price objective hoisted by equities researchers at Morgan Stanley from $126.00 to $137.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an “underweight” rating on the stock. Morgan Stanley’s price target suggests a potential upside of 18.76% from the company’s current price.

Other analysts have also issued research reports about the stock. Barclays boosted their target price on shares of DT Midstream from $103.00 to $114.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 8th. UBS Group boosted their target price on DT Midstream from $115.00 to $128.00 and gave the stock a “buy” rating in a report on Friday, October 3rd. Stifel Nicolaus lifted their price target on DT Midstream from $119.00 to $121.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Mizuho lifted their price target on shares of DT Midstream from $105.00 to $108.00 and gave the stock a “neutral” rating in a research report on Friday, August 29th. Finally, Citigroup increased their price target on DT Midstream from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Eight equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $117.46.

DT Midstream Stock Up 0.7%

NYSE DTM traded up $0.77 during trading hours on Wednesday, reaching $115.36. 105,295 shares of the company traded hands, compared to its average volume of 947,252. The stock has a market capitalization of $11.73 billion, a PE ratio of 29.10, a PEG ratio of 2.47 and a beta of 0.77. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.69. DT Midstream has a 12 month low of $83.30 and a 12 month high of $115.80. The company has a 50 day moving average of $109.62 and a two-hundred day moving average of $105.72.

DT Midstream (NYSE:DTM) last issued its quarterly earnings results on Thursday, October 30th. The company reported $1.13 EPS for the quarter, topping the consensus estimate of $1.03 by $0.10. DT Midstream had a net margin of 34.30% and a return on equity of 8.83%. The business had revenue of $309.16 million for the quarter, compared to analysts’ expectations of $309.21 million. During the same quarter last year, the company posted $0.90 earnings per share. DT Midstream has set its FY 2025 guidance at 4.150-4.450 EPS. As a group, equities analysts expect that DT Midstream will post 3.8 earnings per share for the current year.

Institutional Investors Weigh In On DT Midstream

A number of institutional investors have recently bought and sold shares of DTM. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of DT Midstream in the 1st quarter valued at $25,000. Twin Tree Management LP acquired a new stake in DT Midstream during the first quarter valued at approximately $29,000. Mather Group LLC. bought a new stake in shares of DT Midstream in the 3rd quarter valued at approximately $30,000. Centerpoint Advisors LLC raised its holdings in shares of DT Midstream by 198.9% in the 3rd quarter. Centerpoint Advisors LLC now owns 269 shares of the company’s stock worth $30,000 after buying an additional 179 shares in the last quarter. Finally, First Horizon Corp bought a new position in shares of DT Midstream during the 3rd quarter worth approximately $32,000. Institutional investors and hedge funds own 81.53% of the company’s stock.

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.