DT Midstream (NYSE:DTM) Upgraded by Citigroup to "Buy" Rating

DT Midstream (NYSE:DTM - Get Free Report) was upgraded by analysts at Citigroup from a "neutral" rating to a "buy" rating in a report released on Thursday,Briefing.com Automated Import reports. The brokerage currently has a $115.00 price target on the stock, up from their prior price target of $90.00. Citigroup's price objective would suggest a potential upside of 11.95% from the stock's current price.

A number of other research analysts have also recently commented on the company. Wells Fargo & Company raised their price target on DT Midstream from $87.00 to $100.00 and gave the stock an "overweight" rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. raised their target price on shares of DT Midstream from $78.00 to $83.00 and gave the company a "neutral" rating in a report on Friday, October 4th. Barclays boosted their target price on shares of DT Midstream from $85.00 to $92.00 and gave the company an "overweight" rating in a research report on Monday, November 4th. The Goldman Sachs Group increased their price target on shares of DT Midstream from $66.00 to $74.00 and gave the stock a "sell" rating in a research report on Tuesday, November 5th. Finally, Morgan Stanley upped their target price on DT Midstream from $82.00 to $92.00 and gave the stock an "underweight" rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $84.78.

DT Midstream Price Performance

Shares of DTM opened at $102.73 on Thursday. The company's 50-day moving average is $87.07 and its 200-day moving average is $76.67. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market capitalization of $9.98 billion, a PE ratio of 24.99 and a beta of 0.71. DT Midstream has a fifty-two week low of $51.17 and a fifty-two week high of $103.51.

DT Midstream (NYSE:DTM - Get Free Report) last posted its earnings results on Tuesday, October 29th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.05). The firm had revenue of $248.00 million during the quarter, compared to analyst estimates of $242.64 million. DT Midstream had a net margin of 41.19% and a return on equity of 9.31%. During the same period in the previous year, the company posted $0.94 EPS. Equities analysts forecast that DT Midstream will post 3.96 EPS for the current year.

Institutional Investors Weigh In On DT Midstream

Several institutional investors and hedge funds have recently made changes to their positions in the stock. UMB Bank n.a. boosted its holdings in DT Midstream by 324.3% in the third quarter. UMB Bank n.a. now owns 314 shares of the company's stock valued at $25,000 after acquiring an additional 240 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in shares of DT Midstream in the 3rd quarter valued at $29,000. Family Firm Inc. acquired a new stake in shares of DT Midstream during the second quarter worth $26,000. First Command Advisory Services Inc. bought a new position in DT Midstream during the second quarter worth $31,000. Finally, American National Bank lifted its holdings in DT Midstream by 100.0% in the second quarter. American National Bank now owns 468 shares of the company's stock valued at $33,000 after buying an additional 234 shares during the period. 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.

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