DT Midstream, Inc. (NYSE:DTM) CFO Purchases $25,120.00 in Stock

DT Midstream, Inc. (NYSE:DTM) CFO Jeffrey A. Jewell purchased 400 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was bought at an average price of $62.80 per share, for a total transaction of $25,120.00. Following the acquisition, the chief financial officer now owns 44,285 shares in the company, valued at $2,781,098. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

DT Midstream Stock Performance

Shares of DTM stock traded up $0.46 on Tuesday, hitting $64.06. 784,255 shares of the stock traded hands, compared to its average volume of 689,958. The company’s fifty day moving average is $60.82 and its 200 day moving average is $56.90. DT Midstream, Inc. has a 1-year low of $45.20 and a 1-year high of $64.69. The company has a market capitalization of $6.22 billion, a PE ratio of 15.63 and a beta of 0.72. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.71 and a quick ratio of 0.71.

DT Midstream (NYSE:DTM) last issued its earnings results on Tuesday, April 30th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.04. DT Midstream had a net margin of 42.46% and a return on equity of 9.41%. The company had revenue of $240.00 million for the quarter, compared to analysts’ expectations of $242.62 million. During the same period in the prior year, the company earned $0.84 earnings per share. On average, equities research analysts predict that DT Midstream, Inc. will post 3.93 earnings per share for the current fiscal year.

DT Midstream Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, June 17th will be paid a $0.735 dividend. The ex-dividend date is Friday, June 14th. This represents a $2.94 dividend on an annualized basis and a yield of 4.59%. DT Midstream’s payout ratio is currently 71.71%.

Institutional Trading of DT Midstream

Institutional investors and hedge funds have recently made changes to their positions in the stock. HHM Wealth Advisors LLC bought a new position in DT Midstream in the 4th quarter worth approximately $25,000. Wetzel Investment Advisors Inc. bought a new position in shares of DT Midstream in the fourth quarter worth $25,000. Mather Group LLC. bought a new stake in shares of DT Midstream during the first quarter valued at about $29,000. ICA Group Wealth Management LLC acquired a new stake in DT Midstream in the fourth quarter worth about $32,000. Finally, Burkett Financial Services LLC acquired a new position in DT Midstream during the 4th quarter valued at about $42,000. 81.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DTM has been the topic of several recent research reports. Mizuho lifted their target price on shares of DT Midstream from $57.00 to $65.00 and gave the company a “neutral” rating in a report on Monday, April 29th. Stifel Nicolaus boosted their price objective on DT Midstream from $62.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Wolfe Research upgraded DT Midstream from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, February 20th. US Capital Advisors lowered DT Midstream from an “overweight” rating to a “hold” rating in a research report on Monday, April 29th. Finally, Barclays upped their price target on DT Midstream from $59.00 to $66.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, DT Midstream presently has a consensus rating of “Hold” and an average target price of $61.50.

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.