DT Midstream (NYSE:DTM – Get Free Report) issued its quarterly earnings data on Tuesday. The company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.92 by $0.06, Briefing.com reports. The business had revenue of $244.00 million for the quarter, compared to the consensus estimate of $236.83 million. DT Midstream had a return on equity of 9.41% and a net margin of 42.46%. During the same quarter last year, the business posted $0.93 EPS.
DT Midstream Stock Performance
NYSE DTM traded up $0.70 during trading on Wednesday, reaching $75.35. 1,021,104 shares of the company’s stock were exchanged, compared to its average volume of 665,423. The business has a 50 day moving average price of $70.08 and a 200-day moving average price of $62.98. The stock has a market capitalization of $7.32 billion, a P/E ratio of 18.38 and a beta of 0.74. 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 has a fifty-two week low of $50.54 and a fifty-two week high of $76.35.
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 issued a $0.735 dividend. This represents a $2.94 annualized dividend and a dividend yield of 3.90%. The ex-dividend date of this dividend is Monday, September 16th. DT Midstream’s payout ratio is 71.71%.
Analysts Set New Price Targets
Check Out Our Latest Stock Analysis on DTM
Insiders Place Their Bets
In other DT Midstream news, CFO Jeffrey A. Jewell purchased 400 shares of the stock in a transaction on Friday, May 3rd. The shares were purchased at an average price of $62.80 per share, with a total value of $25,120.00. Following the completion of the transaction, the chief financial officer now directly owns 44,285 shares in the company, valued at $2,781,098. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.04% 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.
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