DT Midstream (NYSE:DTM) Rating Increased to Moderate Buy at US Capital Advisors

DT Midstream (NYSE:DTM - Get Free Report) was upgraded by equities researchers at US Capital Advisors from a "hold" rating to a "moderate buy" rating in a note issued to investors on Monday, April 7th,Zacks.com reports.

Several other brokerages also recently weighed in on DTM. UBS Group increased their price target on DT Midstream from $102.00 to $115.00 and gave the stock a "buy" rating in a report on Thursday, March 27th. Williams Trading set a $110.00 price target on shares of DT Midstream in a research note on Monday, March 24th. Raymond James upped their target price on shares of DT Midstream from $110.00 to $115.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. Barclays decreased their price target on shares of DT Midstream from $112.00 to $107.00 and set an "equal weight" rating for the company in a research note on Friday, March 21st. Finally, Morgan Stanley raised their target price on shares of DT Midstream from $92.00 to $105.00 and gave the company an "underweight" rating in a research report on Tuesday, March 25th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $104.67.

DT Midstream Price Performance

DTM stock traded up $1.76 during midday trading on Monday, hitting $96.08. The company's stock had a trading volume of 368,293 shares, compared to its average volume of 844,721. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.61. The company has a 50 day moving average of $95.75 and a two-hundred day moving average of $97.28. DT Midstream has a 12 month low of $61.01 and a 12 month high of $114.50. The firm has a market capitalization of $9.76 billion, a price-to-earnings ratio of 23.38 and a beta of 0.77.

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Insider Activity

In related news, Director Robert C. Skaggs, Jr. purchased 1,000 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average price of $86.92 per share, with a total value of $86,920.00. Following the purchase, the director now owns 38,653 shares of the company's stock, valued at $3,359,718.76. The trade was a 2.66 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders bought a total of 1,170 shares of company stock valued at $103,357 in the last three months. 0.04% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On DT Midstream

Large investors have recently bought and sold shares of the company. Blackstone Inc. raised its stake in DT Midstream by 2,783.1% in the 4th quarter. Blackstone Inc. now owns 1,631,285 shares of the company's stock valued at $162,199,000 after purchasing an additional 1,574,705 shares during the last quarter. Norges Bank purchased a new position in DT Midstream in the 4th quarter worth approximately $119,520,000. Zimmer Partners LP acquired a new position in shares of DT Midstream during the 4th quarter worth approximately $74,572,000. Westwood Holdings Group Inc. increased its holdings in shares of DT Midstream by 108.8% in the fourth quarter. Westwood Holdings Group Inc. now owns 1,084,018 shares of the company's stock valued at $107,784,000 after purchasing an additional 564,899 shares during the last quarter. Finally, Bank of Montreal Can lifted its position in DT Midstream by 733.3% during the fourth quarter. Bank of Montreal Can now owns 458,789 shares of the company's stock worth $45,617,000 after buying an additional 403,730 shares in the last quarter. 81.53% of the stock is currently owned by hedge funds and other institutional investors.

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.