Stifel Nicolaus Issues Pessimistic Forecast for DT Midstream (NYSE:DTM) Stock Price

DT Midstream (NYSE:DTM) had its price target cut by research analysts at Stifel Nicolaus from $106.00 to $102.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 6.22% from the company’s previous close.

DTM has been the topic of a number of other reports. Raymond James lifted their target price on DT Midstream from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. The Goldman Sachs Group lifted their price objective on DT Midstream from $74.00 to $94.00 and gave the stock a “sell” rating in a report on Thursday, December 19th. Citigroup upgraded DT Midstream from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $90.00 to $115.00 in a research report on Thursday, November 21st. Barclays started coverage on DT Midstream in a research report on Friday, January 10th. They issued an “equal weight” rating and a $112.00 target price for the company. Finally, Wells Fargo & Company boosted their price target on shares of DT Midstream from $87.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, DT Midstream presently has a consensus rating of “Hold” and a consensus price target of $102.00.

DT Midstream Price Performance

Shares of DT Midstream stock opened at $96.03 on Thursday. 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 company has a market cap of $9.33 billion, a PE ratio of 23.37 and a beta of 0.79. The firm has a fifty day moving average price of $102.63 and a two-hundred day moving average price of $93.12. DT Midstream has a fifty-two week low of $57.12 and a fifty-two week high of $114.50.

Hedge Funds Weigh In On DT Midstream

Several institutional investors have recently added to or reduced their stakes in the company. Blackstone Inc. grew its stake in DT Midstream by 2,783.1% during the fourth quarter. Blackstone Inc. now owns 1,631,285 shares of the company’s stock worth $162,199,000 after buying an additional 1,574,705 shares during the last quarter. Norges Bank bought a new stake in DT Midstream during the 4th quarter worth approximately $119,520,000. FMR LLC grew its position in DT Midstream by 1,476.9% during the 3rd quarter. FMR LLC now owns 805,950 shares of the company’s stock worth $63,396,000 after acquiring an additional 754,839 shares during the last quarter. Zimmer Partners LP acquired a new stake in DT Midstream during the 4th quarter valued at $74,572,000. Finally, Brookfield Corp ON raised its position in DT Midstream by 171.3% in the 3rd quarter. Brookfield Corp ON now owns 1,038,501 shares of the company’s stock valued at $81,689,000 after purchasing an additional 655,695 shares during the last quarter. 81.53% of the stock is owned by 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.