JPMorgan Chase & Co. Boosts DT Midstream (NYSE:DTM) Price Target to $154.00

DT Midstream (NYSE:DTM) had its price target hoisted by equities researchers at JPMorgan Chase & Co. from $146.00 to $154.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 4.87% from the stock’s current price.

Other equities analysts also recently issued reports about the company. Jefferies Financial Group restated a “buy” rating and issued a $166.00 target price on shares of DT Midstream in a research note on Friday, May 1st. Mizuho upped their price objective on DT Midstream from $129.00 to $153.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Wells Fargo & Company raised their target price on DT Midstream from $150.00 to $165.00 and gave the company an “overweight” rating in a research note on Friday, March 13th. Raymond James Financial reaffirmed an “outperform” rating and issued a $158.00 price objective on shares of DT Midstream in a report on Thursday, April 30th. Finally, Scotiabank started coverage on shares of DT Midstream in a research report on Tuesday, May 26th. They issued an “outperform” rating and a $176.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $155.38.

DT Midstream Stock Performance

DT Midstream stock traded up $0.71 during mid-day trading on Wednesday, reaching $146.84. The company’s stock had a trading volume of 68,721 shares, compared to its average volume of 779,833. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.68. DT Midstream has a twelve month low of $98.06 and a twelve month high of $152.88. The business has a 50 day moving average price of $144.57 and a 200-day moving average price of $134.92. The firm has a market cap of $14.98 billion, a price-to-earnings ratio of 32.54, a PEG ratio of 3.14 and a beta of 0.71.

DT Midstream (NYSE:DTM) last posted its quarterly earnings results on Thursday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, topping 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 company had revenue of $336.00 million for the quarter, compared to the consensus estimate of $313.65 million. During the same period last year, the firm posted $1.06 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. Sell-side analysts predict that DT Midstream will post 4.75 EPS for the current fiscal year.

Institutional Trading of DT Midstream

A number of institutional investors have recently added to or reduced their stakes in DTM. 59 North Capital Management LP lifted its holdings in shares of DT Midstream by 49.0% during the third quarter. 59 North Capital Management LP now owns 3,074,081 shares of the company’s stock worth $347,556,000 after buying an additional 1,010,965 shares during the last quarter. Norges Bank bought a new position in DT Midstream during the fourth quarter worth $115,715,000. Merewether Investment Management LP raised its stake in DT Midstream by 192.4% during the 3rd quarter. Merewether Investment Management LP now owns 1,000,600 shares of the company’s stock valued at $113,128,000 after purchasing an additional 658,400 shares during the last quarter. CIBC Bancorp USA Inc. bought a new stake in DT Midstream in the 3rd quarter valued at $43,347,000. Finally, Holocene Advisors LP boosted its holdings in DT Midstream by 117.7% in the 3rd quarter. Holocene Advisors LP now owns 554,059 shares of the company’s stock valued at $62,642,000 after purchasing an additional 299,609 shares during the period. 81.53% of the stock is currently owned by institutional investors and hedge funds.

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.