DT Midstream (NYSE:DTM) CFO Acquires $25,221.05 in Stock

DT Midstream, Inc. (NYSE:DTM) CFO Jeffrey Jewell acquired 185 shares of the stock in a transaction dated Wednesday, February 25th. The shares were acquired at an average cost of $136.33 per share, with a total value of $25,221.05. Following the completion of the transaction, the chief financial officer owned 89,583 shares in the company, valued at approximately $12,212,850.39. This represents a 0.21% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

DT Midstream Stock Up 0.1%

DT Midstream stock traded up $0.19 during mid-day trading on Wednesday, hitting $137.36. The company had a trading volume of 811,667 shares, compared to its average volume of 808,942. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.68. DT Midstream, Inc. has a 1 year low of $83.30 and a 1 year high of $138.31. The business has a fifty day moving average of $124.06 and a 200 day moving average of $115.42. The stock has a market cap of $13.97 billion, a price-to-earnings ratio of 31.87, a PEG ratio of 2.45 and a beta of 0.77.

DT Midstream (NYSE:DTM) last announced its quarterly earnings results on Thursday, February 19th. The company reported $1.08 EPS for the quarter, missing the consensus estimate of $1.11 by ($0.03). DT Midstream had a return on equity of 9.13% and a net margin of 35.48%.The company had revenue of $317.00 million for the quarter, compared to analyst estimates of $320.07 million. During the same quarter in the prior year, the business earned $0.94 earnings per share. On average, sell-side analysts expect that DT Midstream, Inc. will post 3.8 earnings per share for the current fiscal year.

DT Midstream Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Monday, March 16th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 2.6%. This is a positive change from DT Midstream’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Monday, March 16th. DT Midstream’s dividend payout ratio is presently 81.67%.

Institutional Investors Weigh In On DT Midstream

Hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in shares of DT Midstream by 21.6% in the 1st quarter. Royal Bank of Canada now owns 90,286 shares of the company’s stock valued at $8,711,000 after buying an additional 16,043 shares during the period. NewEdge Advisors LLC lifted its holdings in DT Midstream by 1.6% in the first quarter. NewEdge Advisors LLC now owns 13,631 shares of the company’s stock valued at $1,315,000 after acquiring an additional 218 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of DT Midstream by 13.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 276,241 shares of the company’s stock worth $26,652,000 after purchasing an additional 31,894 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of DT Midstream by 39.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 436 shares of the company’s stock worth $42,000 after purchasing an additional 123 shares in the last quarter. Finally, D.A. Davidson & CO. acquired a new position in shares of DT Midstream during the 2nd quarter worth $212,000. Institutional investors and hedge funds own 81.53% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on DTM shares. Citigroup upped their price target on shares of DT Midstream from $130.00 to $156.00 and gave the company a “buy” rating in a research report on Tuesday. Wells Fargo & Company restated an “overweight” rating and issued a $150.00 price objective on shares of DT Midstream in a research note on Sunday. Bank of America increased their target price on shares of DT Midstream from $118.00 to $132.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. UBS Group boosted their price target on DT Midstream from $128.00 to $152.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Finally, Mizuho upped their price objective on DT Midstream from $108.00 to $129.00 and gave the company a “neutral” rating in a research note on Tuesday, February 17th. Six research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $136.18.

DT Midstream Company Profile

DT Midstream Inc (NYSE: DTM) is a midstream energy company that owns and operates infrastructure for gathering, processing and treating hydrocarbons and produced water. Its core business activities encompass natural gas gathering, cryogenic processing, natural gas liquids (NGL) fractionation, and produced-water handling services. These integrated operations enable the company to capture and transport multiple hydrocarbon streams from wellhead to market and to provide essential water management solutions.

The company’s asset footprint is concentrated in the Delaware Basin in West Texas and southeastern New Mexico, where it serves a diverse range of exploration and production customers.