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

Equities research analysts at Bank of America began coverage on shares of DT Midstream (NYSE:DTM) in a report released on Monday,Briefing.com Automated Import reports. The firm set a “buy” rating and a $110.00 price target on the stock. Bank of America‘s price objective suggests a potential upside of 13.54% from the stock’s previous close.

A number of other analysts also recently commented on DTM. Wells Fargo & Company lowered their target price on DT Midstream from $118.00 to $108.00 and set an “overweight” rating on the stock in a research note on Friday, February 28th. The Goldman Sachs Group raised their price objective on shares of DT Midstream from $74.00 to $94.00 and gave the stock a “sell” rating in a research note on Thursday, December 19th. Barclays decreased their target price 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. Stifel Nicolaus lowered their price target on shares of DT Midstream from $106.00 to $102.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Finally, UBS Group assumed coverage on shares of DT Midstream in a report on Wednesday, March 12th. They issued a “buy” rating and a $102.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, DT Midstream currently has a consensus rating of “Hold” and an average price target of $102.27.

DT Midstream Trading Down 2.4 %

Shares of DT Midstream stock opened at $96.88 on Monday. The stock has a market cap of $9.84 billion, a PE ratio of 23.57 and a beta of 0.80. The firm has a fifty day moving average price of $100.10 and a 200 day moving average price of $95.22. DT Midstream has a 1 year low of $59.00 and a 1 year high of $114.50. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.95 and a quick ratio of 0.95.

Insider Buying and Selling

In other DT Midstream news, Director Robert C. Skaggs, Jr. acquired 1,000 shares of the company’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 purchase, the director now owns 38,653 shares in the company, valued at approximately $3,359,718.76. The trade was a 2.66 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders bought 1,170 shares of company stock worth $103,357. 0.04% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of DTM. M1 Capital Management LLC acquired a new stake in shares of DT Midstream in the fourth quarter valued at approximately $404,000. Wealth Enhancement Advisory Services LLC grew its holdings in DT Midstream by 26.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 11,830 shares of the company’s stock valued at $1,176,000 after buying an additional 2,510 shares in the last quarter. Brooklyn FI LLC acquired a new stake in shares of DT Midstream in the 4th quarter worth $463,000. Jefferies Financial Group Inc. purchased a new position in shares of DT Midstream during the 4th quarter worth $242,000. Finally, Bernard Wealth Management Corp. purchased a new position in shares of DT Midstream during the 4th quarter worth $1,663,000. 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.