DT Midstream (NYSE:DTM) CFO Acquires $22,159.50 in Stock

DT Midstream, Inc. (NYSE:DTM) CFO Jeffrey Jewell acquired 150 shares of the stock in a transaction dated Friday, May 15th. The shares were bought at an average cost of $147.73 per share, with a total value of $22,159.50. Following the completion of the transaction, the chief financial officer owned 89,732 shares of the company’s stock, valued at approximately $13,256,108.36. This represents a 0.17% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

DT Midstream Stock Down 0.1%

Shares of NYSE:DTM opened at $147.91 on Monday. DT Midstream, Inc. has a fifty-two week low of $98.06 and a fifty-two week high of $150.45. The firm’s 50 day moving average price is $137.57 and its 200 day moving average price is $127.43. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.68. The stock has a market cap of $15.09 billion, a price-to-earnings ratio of 32.72, a price-to-earnings-growth ratio of 2.96 and a beta of 0.75.

DT Midstream (NYSE:DTM) last posted its quarterly earnings results on Thursday, April 30th. The company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.11 by $0.16. DT Midstream had a net margin of 36.28% and a return on equity of 9.53%. The company had revenue of $336.00 million during the quarter, compared to analysts’ expectations of $313.65 million. During the same quarter in the previous year, the business posted $1.06 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. As a group, equities research analysts predict that DT Midstream, Inc. will post 4.8 earnings per share for the current fiscal year.

DT Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Monday, June 15th will be paid a dividend of $0.88 per share. The ex-dividend date is Monday, June 15th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.4%. DT Midstream’s payout ratio is presently 77.88%.

Analyst Ratings Changes

DTM has been the subject of a number of recent analyst reports. The Goldman Sachs Group lifted their price target on DT Midstream from $111.00 to $127.00 and gave the stock a “sell” rating in a report on Monday, April 20th. UBS Group increased their price objective on DT Midstream from $152.00 to $170.00 and gave the company a “buy” rating in a report on Friday. Wells Fargo & Company raised their target price on DT Midstream from $150.00 to $165.00 and gave the stock an “overweight” rating in a research report on Friday, March 13th. Raymond James Financial restated an “outperform” rating and set a $158.00 target price on shares of DT Midstream in a research note on Thursday, April 30th. Finally, Wall Street Zen raised DT Midstream from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, DT Midstream has a consensus rating of “Moderate Buy” and an average price target of $152.67.

Hedge Funds Weigh In On DT Midstream

Several large investors have recently bought and sold shares of DTM. V Square Quantitative Management LLC acquired a new stake in shares of DT Midstream during the fourth quarter worth about $28,000. Richardson Financial Services Inc. boosted its position in shares of DT Midstream by 62.7% in the 4th quarter. Richardson Financial Services Inc. now owns 244 shares of the company’s stock valued at $29,000 after purchasing an additional 94 shares during the period. Centerpoint Advisors LLC boosted its position in shares of DT Midstream by 198.9% in the 3rd quarter. Centerpoint Advisors LLC now owns 269 shares of the company’s stock valued at $30,000 after purchasing an additional 179 shares during the period. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in DT Midstream during the 4th quarter worth approximately $30,000. Finally, First Horizon Corp purchased a new position in DT Midstream during the 3rd quarter worth approximately $32,000. Institutional investors and hedge funds own 81.53% of the company’s stock.

About DT Midstream

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.