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

DT Midstream (NYSE:DTM) was upgraded by analysts at US Capital Advisors from a “hold” rating to a “moderate buy” rating in a research note issued on Monday,Zacks.com reports.

Several other brokerages also recently commented on DTM. JPMorgan Chase & Co. raised their target price on DT Midstream from $109.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. Raymond James raised their price target on shares of DT Midstream from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. UBS Group raised their price target on shares of DT Midstream from $102.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, March 27th. The Goldman Sachs Group raised their price target on shares of DT Midstream from $74.00 to $94.00 and gave the company a “sell” rating in a research report on Thursday, December 19th. Finally, Williams Trading set a $110.00 price target on shares of DT Midstream in a research report on Monday, March 24th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $105.08.

DT Midstream Stock Performance

Shares of DT Midstream stock opened at $93.07 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 business has a 50-day moving average price of $96.34 and a two-hundred day moving average price of $96.86. DT Midstream has a 1-year low of $61.01 and a 1-year high of $114.50. The company has a market cap of $9.46 billion, a P/E ratio of 22.64 and a beta of 0.77.

Insider Buying and Selling at DT Midstream

In other DT Midstream news, Director Robert C. Skaggs, Jr. bought 1,000 shares of the stock in a transaction on Monday, March 10th. The shares were acquired at an average price of $86.92 per share, with a total value of $86,920.00. Following the acquisition, the director now directly owns 38,653 shares of the company’s stock, valued at $3,359,718.76. The trade was a 2.66 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have acquired 1,170 shares of company stock valued at $103,357 in the last 90 days. 0.04% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Bessemer Group Inc. increased its holdings in shares of DT Midstream by 61.6% in the fourth quarter. Bessemer Group Inc. now owns 307 shares of the company’s stock worth $30,000 after purchasing an additional 117 shares during the period. AdvisorNet Financial Inc boosted its holdings in shares of DT Midstream by 106.7% during the fourth quarter. AdvisorNet Financial Inc now owns 310 shares of the company’s stock worth $31,000 after purchasing an additional 160 shares during the period. Sound Income Strategies LLC boosted its holdings in shares of DT Midstream by 93.7% during the fourth quarter. Sound Income Strategies LLC now owns 337 shares of the company’s stock worth $34,000 after purchasing an additional 163 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of DT Midstream during the third quarter worth about $29,000. Finally, UMB Bank n.a. boosted its holdings in shares of DT Midstream by 53.2% during the fourth quarter. UMB Bank n.a. now owns 481 shares of the company’s stock worth $48,000 after purchasing an additional 167 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.