JPMorgan Chase & Co. Boosts DT Midstream (NYSE:DTM) Price Target to $78.00

DT Midstream (NYSE:DTM) had its price target raised by equities research analysts at JPMorgan Chase & Co. from $75.00 to $78.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 7.07% from the company’s current price.

A number of other research analysts also recently weighed in on DTM. Wells Fargo & Company increased their price target on DT Midstream from $77.00 to $87.00 and gave the company an “overweight” rating in a research note on Wednesday. Mizuho raised their price objective on DT Midstream from $57.00 to $65.00 and gave the stock a “neutral” rating in a research note on Monday, April 29th. Barclays raised their price objective on DT Midstream from $66.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 17th. US Capital Advisors downgraded DT Midstream from an “overweight” rating to a “hold” rating in a research note on Monday, April 29th. Finally, Stifel Nicolaus raised their price objective on DT Midstream from $70.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, DT Midstream presently has an average rating of “Hold” and an average price target of $70.00.

DT Midstream Trading Down 2.7 %

Shares of DTM stock traded down $2.01 during trading hours on Friday, reaching $72.85. The company had a trading volume of 674,782 shares, compared to its average volume of 665,597. The company has a 50 day moving average of $70.27 and a 200 day moving average of $63.06. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.71 and a quick ratio of 0.71. The firm has a market cap of $7.07 billion, a price-to-earnings ratio of 17.77 and a beta of 0.74. DT Midstream has a 1-year low of $50.54 and a 1-year high of $76.35.

DT Midstream (NYSE:DTM) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.06. The company had revenue of $244.00 million for the quarter, compared to the consensus estimate of $236.83 million. DT Midstream had a return on equity of 9.49% and a net margin of 42.10%. During the same quarter in the prior year, the business posted $0.93 EPS. On average, equities research analysts anticipate that DT Midstream will post 3.9 EPS for the current year.

Institutional Trading of DT Midstream

Hedge funds and other institutional investors have recently modified their holdings of the company. Wetzel Investment Advisors Inc. bought a new position in shares of DT Midstream in the 4th quarter valued at about $25,000. HHM Wealth Advisors LLC bought a new position in shares of DT Midstream in the 4th quarter valued at about $25,000. Family Firm Inc. bought a new position in shares of DT Midstream in the 2nd quarter valued at about $26,000. Mather Group LLC. bought a new position in shares of DT Midstream in the 1st quarter valued at about $29,000. Finally, First Command Advisory Services Inc. bought a new position in shares of DT Midstream in the 2nd quarter valued at about $31,000. 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.