DT Midstream, Inc. (NYSE:DTM) CFO Jeffrey A. Jewell Buys 200 Shares

DT Midstream, Inc. (NYSE:DTM) CFO Jeffrey A. Jewell bought 200 shares of DT Midstream stock in a transaction dated Friday, August 9th. The shares were bought at an average price of $74.22 per share, for a total transaction of $14,844.00. Following the completion of the transaction, the chief financial officer now directly owns 44,485 shares of the company’s stock, valued at approximately $3,301,676.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

DT Midstream Trading Down 1.3 %

NYSE:DTM traded down $0.93 during trading hours on Monday, hitting $72.48. The stock had a trading volume of 442,582 shares, compared to its average volume of 663,919. DT Midstream, Inc. has a one year low of $50.54 and a one year high of $76.35. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.71 and a current ratio of 0.84. The company has a market cap of $7.04 billion, a price-to-earnings ratio of 17.90 and a beta of 0.74. The business’s 50 day moving average is $71.02 and its 200-day moving average is $63.98.

DT Midstream (NYSE:DTM) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.06. DT Midstream had a net margin of 42.10% and a return on equity of 9.45%. The company had revenue of $244.00 million during the quarter, compared to the consensus estimate of $236.83 million. During the same quarter in the prior year, the firm earned $0.93 earnings per share. Sell-side analysts anticipate that DT Midstream, Inc. will post 3.9 EPS for the current fiscal year.

DT Midstream Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 16th will be given a dividend of $0.735 per share. This represents a $2.94 annualized dividend and a dividend yield of 4.06%. The ex-dividend date of this dividend is Monday, September 16th. DT Midstream’s dividend payout ratio is 71.71%.

Analyst Ratings Changes

Several equities analysts recently weighed in on DTM shares. Stifel Nicolaus increased their price objective on shares of DT Midstream from $70.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Barclays increased their price objective on shares of DT Midstream from $66.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. JPMorgan Chase & Co. increased their price objective on shares of DT Midstream from $75.00 to $78.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Mizuho increased their price objective 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. Finally, Wells Fargo & Company increased their price objective on shares of DT Midstream from $77.00 to $87.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $70.00.

Institutional Investors Weigh In On DT Midstream

Several large investors have recently made changes to their positions in DTM. Bright Rock Capital Management LLC bought a new position in DT Midstream in the first quarter valued at $916,000. Prevail Innovative Wealth Advisors LLC grew its position in DT Midstream by 37.9% in the first quarter. Prevail Innovative Wealth Advisors LLC now owns 37,898 shares of the company’s stock valued at $2,316,000 after purchasing an additional 10,418 shares in the last quarter. Dimensional Fund Advisors LP grew its position in DT Midstream by 8.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,401,572 shares of the company’s stock valued at $186,407,000 after purchasing an additional 266,433 shares in the last quarter. Illinois Municipal Retirement Fund grew its position in DT Midstream by 137.6% in the first quarter. Illinois Municipal Retirement Fund now owns 30,109 shares of the company’s stock valued at $1,840,000 after purchasing an additional 17,437 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new position in DT Midstream in the first quarter valued at $1,085,000. Institutional investors own 81.53% of the company’s stock.

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.