JPMorgan Chase & Co. Forecasts Strong Price Appreciation for DT Midstream (NYSE:DTM) Stock

DT Midstream (NYSE:DTM) had its price target raised by investment analysts at JPMorgan Chase & Co. from $118.00 to $126.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 5.09% from the stock’s previous close.

Several other equities research analysts have also recently commented on DTM. Weiss Ratings reaffirmed a “buy (b)” rating on shares of DT Midstream in a research report on Wednesday, October 8th. Barclays raised their price objective on DT Midstream from $103.00 to $114.00 and gave the company an “equal weight” rating in a report on Wednesday, October 8th. Stifel Nicolaus lifted their target price on DT Midstream from $119.00 to $121.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Morgan Stanley increased their price target on DT Midstream from $126.00 to $137.00 and gave the company an “underweight” rating in a research report on Wednesday, November 12th. Finally, Citigroup raised their price target on DT Midstream from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Eight equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, DT Midstream presently has an average rating of “Hold” and a consensus price target of $118.08.

DT Midstream Trading Up 0.8%

DT Midstream stock opened at $119.89 on Tuesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.92 and a current ratio of 0.92. The business’s 50-day simple moving average is $112.96 and its 200-day simple moving average is $107.53. The firm has a market capitalization of $12.19 billion, a PE ratio of 30.28, a PEG ratio of 2.30 and a beta of 0.76. DT Midstream has a 52 week low of $83.30 and a 52 week high of $121.82.

DT Midstream (NYSE:DTM) last issued its earnings results on Thursday, October 30th. The company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.10. DT Midstream had a net margin of 34.30% and a return on equity of 8.83%. The business had revenue of $314.00 million for the quarter, compared to analyst estimates of $309.21 million. During the same period in the previous year, the business earned $0.90 EPS. DT Midstream has set its FY 2025 guidance at 4.150-4.450 EPS. Equities research analysts forecast that DT Midstream will post 3.8 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of DTM. Pathstone Holdings LLC raised its holdings in DT Midstream by 0.3% during the third quarter. Pathstone Holdings LLC now owns 28,322 shares of the company’s stock worth $3,215,000 after purchasing an additional 97 shares in the last quarter. Private Trust Co. NA grew its position in shares of DT Midstream by 23.6% in the 3rd quarter. Private Trust Co. NA now owns 535 shares of the company’s stock valued at $60,000 after buying an additional 102 shares during the last quarter. Ballentine Partners LLC raised its stake in DT Midstream by 4.2% during the 2nd quarter. Ballentine Partners LLC now owns 2,604 shares of the company’s stock worth $286,000 after acquiring an additional 106 shares in the last quarter. Cresset Asset Management LLC lifted its position in DT Midstream by 1.7% in the third quarter. Cresset Asset Management LLC now owns 6,408 shares of the company’s stock valued at $730,000 after acquiring an additional 108 shares during the last quarter. Finally, Independent Advisor Alliance boosted its stake in DT Midstream by 2.5% in the first quarter. Independent Advisor Alliance now owns 4,713 shares of the company’s stock valued at $455,000 after acquiring an additional 117 shares in the last quarter. Hedge funds and other institutional investors own 81.53% of the company’s stock.

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.