DT MidstreamDTM
Market Cap: $7.3B
About: DT Midstream Inc is an owner, operator, and developer of natural gas midstream interstate and intrastate pipelines; storage and gathering systems; and compression, treatment, and surface facilities. It provides multiple, integrated natural gas services to customers through interstate pipelines, intrastate pipelines, storage systems, lateral pipelines and related treatment plants and compression and surface facilities, and gathering systems and related treatment plants and compression and surface facilities. The segments of the group are Pipeline and Gathering. It generates revenue from pipeline, storage, and gathering systems, substantially all of which are located in the Midwestern U.S., Eastern Canada, Northeastern U.S., and Gulf Coast regions.
Employees: 402
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
13,418% more call options, than puts
Call options by funds: $3.79M | Put options by funds: $28K
19% more first-time investments, than exits
New positions opened: 63 | Existing positions closed: 53
16% more capital invested
Capital invested by funds: $4.8B [Q1] → $5.56B (+$760M) [Q2]
2% more funds holding
Funds holding: 456 [Q1] → 466 (+10) [Q2]
4% more repeat investments, than reductions
Existing positions increased: 144 | Existing positions reduced: 139
0% more funds holding in top 10
Funds holding in top 10: 4 [Q1] → 4 (+0) [Q2]
0.44% less ownership
Funds ownership: 81.16% [Q1] → 80.72% (-0.44%) [Q2]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Citigroup Spiro Dounis 70% 1-year accuracy 7 / 10 met price target | 1%upside $76 | Neutral Maintained | 4 Sept 2024 |
JP Morgan Jeremy Tonet 88% 1-year accuracy 22 / 25 met price target | 4%upside $78 | Neutral Maintained | 2 Aug 2024 |
Wells Fargo Michael Blum 85% 1-year accuracy 17 / 20 met price target | 16%upside $87 | Overweight Maintained | 31 Jul 2024 |
Stifel Selman Akyol 65% 1-year accuracy 15 / 23 met price target | 4%upside $78 | Buy Maintained | 31 Jul 2024 |
Barclays Christine Cho 62% 1-year accuracy 23 / 37 met price target | 4%downside $72 | Overweight Maintained | 17 Jul 2024 |