DT Midstream (NYSE:DTM – Free Report) had its target price increased by Raymond James from $110.00 to $115.00 in a report published on Tuesday morning,Benzinga reports. They currently have an outperform rating on the stock.
Several other research analysts have also recently weighed in on DTM. Stifel Nicolaus upgraded DT Midstream from a “hold” rating to a “buy” rating and boosted their target price for the stock from $89.00 to $106.00 in a report on Thursday, December 19th. The Goldman Sachs Group boosted their price objective on DT Midstream from $74.00 to $94.00 and gave the stock a “sell” rating in a research note on Thursday, December 19th. 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 note on Thursday, November 21st. Wells Fargo & Company boosted their price target on shares of DT Midstream from $87.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Finally, Morgan Stanley raised their price objective on shares of DT Midstream from $82.00 to $92.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, DT Midstream presently has a consensus rating of “Hold” and a consensus target price of $101.56.
View Our Latest Stock Report on DTM
DT Midstream Trading Up 2.1 %
DT Midstream (NYSE:DTM – Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.05). DT Midstream had a return on equity of 9.31% and a net margin of 41.19%. The business had revenue of $248.00 million during the quarter, compared to analysts’ expectations of $242.64 million. During the same period in the prior year, the business posted $0.94 earnings per share. Research analysts expect that DT Midstream will post 3.84 earnings per share for the current fiscal year.
Hedge Funds Weigh In On DT Midstream
Several large investors have recently made changes to their positions in DTM. FMR LLC raised its position in DT Midstream by 1,476.9% in the third quarter. FMR LLC now owns 805,950 shares of the company’s stock valued at $63,396,000 after purchasing an additional 754,839 shares during the period. Brookfield Corp ON raised its holdings in shares of DT Midstream by 171.3% in the 3rd quarter. Brookfield Corp ON now owns 1,038,501 shares of the company’s stock valued at $81,689,000 after buying an additional 655,695 shares during the period. International Assets Investment Management LLC acquired a new position in DT Midstream during the 3rd quarter worth about $39,166,000. Charles Schwab Investment Management Inc. boosted its holdings in DT Midstream by 30.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,156,598 shares of the company’s stock valued at $90,978,000 after acquiring an additional 267,269 shares during the period. Finally, State Street Corp grew its position in DT Midstream by 6.4% in the 3rd quarter. State Street Corp now owns 3,385,579 shares of the company’s stock valued at $268,757,000 after acquiring an additional 202,447 shares in 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.
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