DT Midstream (NYSE:DTM) Now Covered by Analysts at Bank of America

Research analysts at Bank of America initiated coverage on shares of DT Midstream (NYSE:DTM - Get Free Report) in a report released on Monday,Briefing.com Automated Import reports. The brokerage set a "buy" rating and a $110.00 price target on the stock. Bank of America's target price points to a potential upside of 13.54% from the stock's previous close.

Other research analysts also recently issued research reports about the stock. Wells Fargo & Company lowered their price target on shares of DT Midstream from $118.00 to $108.00 and set an "overweight" rating for the company in a report on Friday, February 28th. UBS Group began coverage on DT Midstream in a research report on Wednesday, March 12th. They set a "buy" rating and a $102.00 target price on the stock. The Goldman Sachs Group increased their price target on DT Midstream from $74.00 to $94.00 and gave the company a "sell" rating in a report on Thursday, December 19th. Barclays reduced their target price on shares of DT Midstream from $112.00 to $107.00 and set an "equal weight" rating on the stock in a research note on Friday. Finally, Stifel Nicolaus dropped their price target on shares of DT Midstream from $106.00 to $102.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, DT Midstream presently has a consensus rating of "Hold" and an average target price of $102.27.

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DT Midstream Trading Down 2.4 %

Shares of DTM stock opened at $96.88 on Monday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $9.84 billion, a price-to-earnings ratio of 23.57 and a beta of 0.80. DT Midstream has a 12-month low of $59.00 and a 12-month high of $114.50. The stock's 50-day moving average price is $100.10 and its 200-day moving average price is $95.22.

Insider Buying and Selling

In other news, Director Robert C. Skaggs, Jr. bought 1,000 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was bought at an average price of $86.92 per share, with a total value of $86,920.00. Following the completion of the transaction, the director now directly owns 38,653 shares of the company's stock, valued at approximately $3,359,718.76. The trade was a 2.66 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders purchased 1,170 shares of company stock worth $103,357 in the last three months. 0.04% of the stock is owned by insiders.

Hedge Funds Weigh In On DT Midstream

Institutional investors and hedge funds have recently bought and sold shares of the company. Natixis Advisors LLC boosted its position in shares of DT Midstream by 10.6% in the 3rd quarter. Natixis Advisors LLC now owns 24,568 shares of the company's stock worth $1,933,000 after purchasing an additional 2,356 shares in the last quarter. Pathstone Holdings LLC raised its stake in DT Midstream by 3.3% in the third quarter. Pathstone Holdings LLC now owns 20,679 shares of the company's stock valued at $1,633,000 after buying an additional 668 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in DT Midstream by 30.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,156,598 shares of the company's stock worth $90,978,000 after acquiring an additional 267,269 shares in the last quarter. Cerity Partners LLC grew its stake in shares of DT Midstream by 29.2% during the third quarter. Cerity Partners LLC now owns 13,996 shares of the company's stock worth $1,101,000 after acquiring an additional 3,161 shares during the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new stake in shares of DT Midstream during the third quarter worth about $564,000. 81.53% of the stock is owned by hedge funds and other institutional investors.

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.

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