Stifel Nicolaus Has Lowered Expectations for DT Midstream (NYSE:DTM) Stock Price

DT Midstream (NYSE:DTM - Get Free Report) had its price objective reduced by stock analysts at Stifel Nicolaus from $106.00 to $102.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Stifel Nicolaus' price objective would indicate a potential upside of 7.91% from the company's current price.

Several other equities analysts have also recently weighed in on the company. JPMorgan Chase & Co. raised their price target on DT Midstream from $109.00 to $115.00 and gave the company a "neutral" rating in a report on Friday, January 24th. Raymond James raised their target price on shares of DT Midstream from $110.00 to $115.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. The Goldman Sachs Group boosted their price target on shares of DT Midstream from $74.00 to $94.00 and gave the stock a "sell" rating in a research report on Thursday, December 19th. Barclays initiated coverage on shares of DT Midstream in a research report on Friday, January 10th. They set an "equal weight" rating and a $112.00 price objective for the company. Finally, Citigroup upgraded shares of DT Midstream from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $90.00 to $115.00 in a report on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $102.00.

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DT Midstream Price Performance

NYSE DTM traded down $1.57 on Thursday, reaching $94.52. The company had a trading volume of 1,324,396 shares, compared to its average volume of 1,024,355. The firm's 50 day moving average price is $102.63 and its 200 day moving average price is $93.39. DT Midstream has a 12 month low of $57.16 and a 12 month high of $114.50. The stock has a market capitalization of $9.58 billion, a PE ratio of 23.00 and a beta of 0.79. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.61.

Institutional Trading of DT Midstream

Institutional investors have recently added to or reduced their stakes in the company. Raymond James & Associates raised its holdings in shares of DT Midstream by 68.4% in the third quarter. Raymond James & Associates now owns 30,554 shares of the company's stock worth $2,403,000 after buying an additional 12,406 shares during the period. Private Advisor Group LLC grew its position in DT Midstream by 27.1% in the 3rd quarter. Private Advisor Group LLC now owns 4,695 shares of the company's stock valued at $369,000 after acquiring an additional 1,000 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in DT Midstream by 8.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 9,320 shares of the company's stock worth $733,000 after purchasing an additional 748 shares during the period. State of Alaska Department of Revenue lifted its position in shares of DT Midstream by 1.9% during the third quarter. State of Alaska Department of Revenue now owns 42,060 shares of the company's stock worth $3,307,000 after purchasing an additional 765 shares during the last quarter. Finally, Princeton Global Asset Management LLC boosted its stake in shares of DT Midstream by 8.6% during the third quarter. Princeton Global Asset Management LLC now owns 2,525 shares of the company's stock valued at $199,000 after purchasing an additional 200 shares during the period. Institutional investors own 81.53% of the company's stock.

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.