JPMorgan Chase & Co. Forecasts Strong Price Appreciation for DT Midstream (NYSE:DTM) Stock

DT Midstream (NYSE:DTMGet Free Report) had its price target increased by investment analysts at JPMorgan Chase & Co. from $146.00 to $154.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 4.87% from the company’s previous close.

A number of other research firms have also recently weighed in on DTM. Raymond James Financial restated an “outperform” rating and issued a $158.00 price target on shares of DT Midstream in a report on Thursday, April 30th. Citigroup upped their target price on shares of DT Midstream from $156.00 to $169.00 and gave the company a “buy” rating in a report on Monday, May 4th. Scotiabank began coverage on DT Midstream in a research report on Tuesday, May 26th. They issued an “outperform” rating and a $176.00 price objective for the company. Jefferies Financial Group reaffirmed a “buy” rating and set a $166.00 price target on shares of DT Midstream in a research note on Friday, May 1st. Finally, UBS Group upped their price objective on DT Midstream from $152.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, DT Midstream has an average rating of “Moderate Buy” and an average price target of $155.38.

Read Our Latest Stock Analysis on DTM

DT Midstream Price Performance

NYSE:DTM traded up $0.71 during trading hours on Wednesday, hitting $146.84. The company’s stock had a trading volume of 68,721 shares, compared to its average volume of 779,833. DT Midstream has a 52-week low of $98.06 and a 52-week high of $152.88. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.26 and a current ratio of 1.26. The business’s 50-day moving average is $144.57 and its two-hundred day moving average is $134.92. The company has a market capitalization of $14.98 billion, a PE ratio of 32.54, a PEG ratio of 3.14 and a beta of 0.71.

DT Midstream (NYSE:DTMGet Free Report) last announced its quarterly earnings results on Thursday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.16. The business had revenue of $336.00 million during the quarter, compared to the consensus estimate of $313.65 million. DT Midstream had a net margin of 36.28% and a return on equity of 9.53%. During the same quarter last year, the firm posted $1.06 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. As a group, research analysts anticipate that DT Midstream will post 4.75 EPS for the current fiscal year.

Hedge Funds Weigh In On DT Midstream

A number of institutional investors have recently added to or reduced their stakes in DTM. V Square Quantitative Management LLC acquired a new position in shares of DT Midstream in the fourth quarter worth about $28,000. Richardson Financial Services Inc. boosted its stake in shares of DT Midstream by 62.7% during the 4th quarter. Richardson Financial Services Inc. now owns 244 shares of the company’s stock valued at $29,000 after buying an additional 94 shares during the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of DT Midstream during the fourth quarter worth approximately $30,000. Western Wealth Management LLC acquired a new stake in shares of DT Midstream during the first quarter worth approximately $32,000. Finally, WFA of San Diego LLC bought a new stake in shares of DT Midstream in the second quarter worth $33,000. Institutional investors and hedge funds own 81.53% of the company’s stock.

About DT Midstream

(Get Free Report)

DT Midstream Inc (NYSE: DTM) is a midstream energy company that owns and operates infrastructure for gathering, processing and treating hydrocarbons and produced water. Its core business activities encompass natural gas gathering, cryogenic processing, natural gas liquids (NGL) fractionation, and produced-water handling services. These integrated operations enable the company to capture and transport multiple hydrocarbon streams from wellhead to market and to provide essential water management solutions.

The company’s asset footprint is concentrated in the Delaware Basin in West Texas and southeastern New Mexico, where it serves a diverse range of exploration and production customers.

Further Reading

Analyst Recommendations for DT Midstream (NYSE:DTM)

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