DT Midstream (NYSE:DTM) Upgraded by Scotiabank to “Strong-Buy” Rating

DT Midstream (NYSE:DTM) was upgraded by equities research analysts at Scotiabank to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other brokerages have also recently issued reports on DTM. Morgan Stanley increased their target price on shares of DT Midstream from $165.00 to $170.00 and gave the company an “equal weight” rating in a report on Tuesday, May 12th. Stifel Nicolaus set a $137.00 price target on DT Midstream and gave the stock a “hold” rating in a research note on Monday, February 23rd. Wall Street Zen upgraded DT Midstream from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Wells Fargo & Company lifted their price objective on DT Midstream from $150.00 to $165.00 and gave the stock an “overweight” rating in a report on Friday, March 13th. Finally, JPMorgan Chase & Co. boosted their target price on DT Midstream from $126.00 to $142.00 and gave the stock a “neutral” rating in a research report on Thursday, March 5th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, DT Midstream has an average rating of “Moderate Buy” and a consensus price target of $154.46.

DT Midstream Price Performance

Shares of NYSE DTM opened at $150.08 on Tuesday. The firm has a market capitalization of $15.31 billion, a P/E ratio of 33.20, a PEG ratio of 3.02 and a beta of 0.75. DT Midstream has a one year low of $98.06 and a one year high of $152.88. The company’s fifty day moving average is $139.06 and its two-hundred day moving average is $129.43. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.26 and a current ratio of 1.26.

DT Midstream (NYSE:DTM) last announced its quarterly earnings results on Thursday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.16. DT Midstream had a net margin of 36.28% and a return on equity of 9.53%. The business had revenue of $336.00 million during the quarter, compared to the consensus estimate of $313.65 million. During the same quarter last year, the firm posted $1.06 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. Analysts forecast that DT Midstream will post 4.8 EPS for the current fiscal year.

Institutional Investors Weigh In On DT Midstream

Institutional investors and hedge funds have recently bought and sold shares of the stock. V Square Quantitative Management LLC acquired a new stake in DT Midstream during the 4th quarter valued at $28,000. Richardson Financial Services Inc. raised its holdings in shares of DT Midstream by 62.7% in the fourth quarter. Richardson Financial Services Inc. now owns 244 shares of the company’s stock worth $29,000 after acquiring an additional 94 shares during the last quarter. Centerpoint Advisors LLC lifted its position in shares of DT Midstream by 198.9% in the third quarter. Centerpoint Advisors LLC now owns 269 shares of the company’s stock valued at $30,000 after acquiring an additional 179 shares in the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of DT Midstream during the fourth quarter valued at $30,000. Finally, Western Wealth Management LLC acquired a new stake in shares of DT Midstream during the first quarter valued at $32,000. Hedge funds and other institutional investors own 81.53% of the company’s stock.

DT Midstream Company Profile

DT Midstream Inc (NYSE: DTM) is a midstream energy company that owns and operates infrastructure for gathering, processing and treating hydrocarbons and produced water. Its core business activities encompass natural gas gathering, cryogenic processing, natural gas liquids (NGL) fractionation, and produced-water handling services. These integrated operations enable the company to capture and transport multiple hydrocarbon streams from wellhead to market and to provide essential water management solutions.

The company’s asset footprint is concentrated in the Delaware Basin in West Texas and southeastern New Mexico, where it serves a diverse range of exploration and production customers.