Scotiabank Issues Pessimistic Forecast for DT Midstream (NYSE:DTM) Stock Price

Posted by on Nov 3rd, 2026

DT Midstream (NYSE:DTM – Get Free Report) had its target price cut by Scotiabank from $165.00 to $161.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has a “sector outperform” rating on the stock. Scotiabank‘s price target points to a potential upside of 29.30% from the stock’s current price.

DTM has been the topic of several other research reports. Mizuho cut their target price on shares of DT Midstream from $153.00 to $147.00 and set a “neutral” rating on the stock in a report on Friday, July 31st. The Goldman Sachs Group reaffirmed a “sell” rating and set a $121.00 target price on shares of DT Midstream in a research note on Wednesday, October 14th. JPMorgan Chase & Co. increased their price target on shares of DT Midstream from $146.00 to $154.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Weiss Ratings lowered shares of DT Midstream from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, August 21st. Finally, Bank of America reaffirmed a “buy” rating on shares of DT Midstream in a research report on Monday, October 26th. Ten investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, DT Midstream currently has a consensus rating of “Moderate Buy” and an average price target of $151.00.

Read Our Latest Stock Report on DTM

DT Midstream Stock Performance

Shares of NYSE:DTM traded up $3.54 during midday trading on Tuesday, reaching $124.52. 318,743 shares of the company traded hands, compared to its average volume of 841,316. The firm’s fifty day moving average price is $125.55 and its two-hundred day moving average price is $134.63. The firm has a market capitalization of $12.70 billion, a price-to-earnings ratio of 27.05, a price-to-earnings-growth ratio of 1.74 and a beta of 0.72. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.68. DT Midstream has a 12 month low of $109.12 and a 12 month high of $152.88.

DT Midstream (NYSE:DTM – Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.03. The firm had revenue of $336.00 million during the quarter, compared to analyst estimates of $337.63 million. DT Midstream had a net margin of 35.72% and a return on equity of 9.58%. During the same period in the previous year, the business earned $1.13 EPS. On average, equities analysts expect that DT Midstream will post 4.64 earnings per share for the current year.

Hedge Funds Weigh In On DT Midstream

Several institutional investors and hedge funds have recently bought and sold shares of DTM. Alps Advisors Inc. grew its stake in shares of DT Midstream by 21.5% during the 3rd quarter. Alps Advisors Inc. now owns 287,181 shares of the company’s stock valued at $34,310,000 after acquiring an additional 50,721 shares during the period. CenterBook Partners LP purchased a new position in DT Midstream during the third quarter valued at approximately $341,000. Conestoga Capital Advisors LLC lifted its holdings in DT Midstream by 41.6% during the third quarter. Conestoga Capital Advisors LLC now owns 70,610 shares of the company’s stock valued at $8,436,000 after purchasing an additional 20,750 shares in the last quarter. Covestor Ltd boosted its position in shares of DT Midstream by 190.4% in the third quarter. Covestor Ltd now owns 212 shares of the company’s stock worth $25,000 after purchasing an additional 139 shares during the period. Finally, Hennessy Advisors Inc. increased its stake in shares of DT Midstream by 0.5% in the third quarter. Hennessy Advisors Inc. now owns 154,280 shares of the company’s stock worth $18,432,000 after purchasing an additional 800 shares in the last quarter. 81.53% of the stock is currently owned by hedge funds and other institutional investors.

DT Midstream Company Profile

(Get Free Report)

DT Midstream, Inc (NYSE: DTM) is an independent North American energy company focused on the transportation, storage and gathering of natural gas. The company owns and operates interstate and intrastate pipeline systems, natural gas storage facilities, and gathering and processing infrastructure that connect producers with utilities, power generators, industrial customers and other energy markets.

DT Midstream’s operations are concentrated in the United States, including the Midwest, Northeast and Gulf Coast regions.

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Analyst Recommendations for DT Midstream (NYSE:DTM)

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