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

Analysts at Bank of America assumed coverage on shares of DT Midstream (NYSE:DTM) in a note issued to investors on Monday, MarketBeat.com reports. The brokerage set a “buy” rating and a $110.00 price target on the stock. Bank of America‘s price target would suggest a potential upside of 9.43% from the stock’s previous close.

DTM has been the subject of several other research reports. The Goldman Sachs Group upped their target price 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. Stifel Nicolaus cut their target price on shares of DT Midstream from $106.00 to $102.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Barclays lowered their price target on shares of DT Midstream from $112.00 to $107.00 and set an “equal weight” rating on the stock in a research report on Friday, March 21st. JPMorgan Chase & Co. lifted their price objective on shares of DT Midstream from $109.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. Finally, Wells Fargo & Company dropped their target price on DT Midstream from $118.00 to $108.00 and set an “overweight” rating on the stock in a research report on Friday, February 28th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $103.45.

DT Midstream Price Performance

Shares of DTM opened at $100.52 on Monday. The business’s fifty day moving average is $99.86 and its 200 day moving average is $95.57. DT Midstream has a 12-month low of $59.00 and a 12-month high of $114.50. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.61. The stock has a market cap of $10.21 billion, a P/E ratio of 24.46 and a beta of 0.80.

Insider Buying and Selling at DT Midstream

In other news, Director Robert C. Skaggs, Jr. bought 1,000 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was bought at an average cost of $86.92 per share, for a total transaction of $86,920.00. Following the completion of the acquisition, the director now owns 38,653 shares in the company, valued at approximately $3,359,718.76. This trade represents a 2.66 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last 90 days, insiders purchased 1,170 shares of company stock worth $103,357. 0.04% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB bought a new stake in shares of DT Midstream in the 3rd quarter worth approximately $29,000. Bessemer Group Inc. raised its holdings in DT Midstream by 61.6% in the 4th quarter. Bessemer Group Inc. now owns 307 shares of the company’s stock worth $30,000 after purchasing an additional 117 shares in the last quarter. AdvisorNet Financial Inc raised its holdings in DT Midstream by 106.7% in the 4th quarter. AdvisorNet Financial Inc now owns 310 shares of the company’s stock worth $31,000 after purchasing an additional 160 shares in the last quarter. Sound Income Strategies LLC boosted its stake in shares of DT Midstream by 93.7% during the 4th quarter. Sound Income Strategies LLC now owns 337 shares of the company’s stock valued at $34,000 after purchasing an additional 163 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new position in shares of DT Midstream during the third quarter valued at about $40,000. 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.