DT Midstream Slides 3.7% as Analyst Target Cut Adds to Growth-Timing Concerns

DT Midstream (DTM) is down 3.7% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver appears to be a fresh analyst price-target cut tied to project timing, which may have reinforced investor concerns that some of DT Midstream’s expected growth could arrive later than previously hoped. There does not appear to be a new negative company filing or earnings release today, so the move looks more like a sentiment and valuation reaction than a response to a major fundamental surprise.

Details:

An analyst note published on October 14 lowered DT Midstream’s price target to $121 from $127 while keeping a negative rating, citing project timing and a more phased view of certain expansion work.

The same note projected third-quarter EBITDA roughly in line with consensus, but slightly below the prior internal estimate, with lower gathering volumes and operating costs weighing on the quarter.

DT Midstream’s latest company update in late July reaffirmed full-year 2026 adjusted EBITDA guidance and highlighted commercial progress across its growth backlog, which suggests today’s weakness was not caused by a newly reduced company outlook.

This could also be because investors are reassessing valuation after the stock’s earlier run and waiting for clearer proof that major pipeline expansion projects will support the longer-term growth case.

Sources:

Investing.com, DT Midstream, SEC

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$DTM Insider Trading Activity

$DTM insiders have traded $DTM stock on the open market 2 times in the past 6 months. Of those trades, 2 have been purchases and 0 have been sales.

Here’s a breakdown of recent trading of $DTM stock by insiders over the last 6 months:

ELAINE M PICKLE purchased 1,500 shares for an estimated $198,915
JEFFREY A JEWELL (Executive V.P., CFO) purchased 145 shares for an estimated $19,398

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$DTM Hedge Fund Activity

We have seen 320 institutional investors add shares of $DTM stock to their portfolio, and 241 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

T. ROWE PRICE INVESTMENT MANAGEMENT, INC. added 1,793,461 shares (+516.0%) to their portfolio in Q2 2026, for an estimated $263,172,467
CLEARBRIDGE INVESTMENTS, LLC added 1,352,416 shares (+555.5%) to their portfolio in Q2 2026, for an estimated $198,453,523
GEODE CAPITAL MANAGEMENT, LLC added 1,090,501 shares (+47.2%) to their portfolio in Q2 2026, for an estimated $160,020,116
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ added 932,413 shares (+171.7%) to their portfolio in Q2 2026, for an estimated $136,822,283
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 801,809 shares (+inf%) to their portfolio in Q2 2026, for an estimated $117,657,452
59 NORTH CAPITAL MANAGEMENT, LP removed 647,659 shares (-24.7%) from their portfolio in Q2 2026, for an estimated $95,037,481
JPMORGAN CHASE & CO added 604,557 shares (+inf%) to their portfolio in Q2 2026, for an estimated $88,712,694

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$DTM Price Targets

Multiple analysts have issued price targets for $DTM recently. We have seen 8 analysts offer price targets for $DTM in the last 6 months, with a median target of $161.5.

Here are some recent targets:

Jeremy Tonet from JP Morgan set a target price of $154.0 on 07/08/2026
Brandon Bingham from Scotiabank set a target price of $176.0 on 05/26/2026
Manav Gupta from UBS set a target price of $170.0 on 05/15/2026
Robert Kad from Morgan Stanley set a target price of $170.0 on 05/12/2026
Gabe Moreen from Mizuho set a target price of $153.0 on 05/05/2026
Spiro Dounis from Citigroup set a target price of $169.0 on 05/04/2026
Theresa Chen from Barclays set a target price of $143.0 on 05/01/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.