Wells Fargo Keeps Their Buy Rating on DT Midstream (DTM)

Wells Fargo analyst Michael Blum maintained a Buy rating on DT Midstream on June 26 and set a price target of $188.00. The company’s shares closed last Friday at $150.74.

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According to TipRanks, Blum is a 5-star analyst with an average return of 15.4% and a 70.56% success rate. Blum covers the Energy sector, focusing on stocks such as Cheniere Energy, Targa Resources, and Excelerate Energy, Inc. Class A.

DT Midstream has an analyst consensus of Moderate Buy, with a price target consensus of $163.33, implying an 8.35% upside from current levels. In a report released on June 24, UBS also maintained a Buy rating on the stock with a $170.00 price target.

Based on DT Midstream’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $336 million and a net profit of $130 million. In comparison, last year the company earned a revenue of $303 million and had a net profit of $108 million

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DTM in relation to earlier this year. Last month, Jeffrey A Jewell, the Executive V.P., CFO of DTM bought 150.00 shares for a total of $22,159.50.