DT Midstream (NYSE:DTM) CFO Jeffrey Jewell Purchases 185 Shares of Stock

DT Midstream, Inc. (NYSE:DTM) CFO Jeffrey Jewell acquired 185 shares of the business’s stock in a transaction dated Wednesday, February 25th. The stock was purchased at an average cost of $136.33 per share, for a total transaction of $25,221.05. Following the transaction, the chief financial officer owned 89,583 shares in the company, valued at approximately $12,212,850.39. The trade was a 0.21% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

DT Midstream Stock Up 1.1%

NYSE:DTM traded up $1.45 during midday trading on Thursday, reaching $138.73. 255,032 shares of the stock traded hands, compared to its average volume of 793,999. The stock has a market capitalization of $14.11 billion, a PE ratio of 32.18, a price-to-earnings-growth ratio of 2.44 and a beta of 0.77. DT Midstream, Inc. has a 12-month low of $83.30 and a 12-month high of $139.96. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.07 and a current ratio of 1.07. The business has a 50-day moving average of $124.44 and a two-hundred day moving average of $115.57.

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

DT Midstream Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Monday, March 16th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 2.5%. This is a boost from DT Midstream’s previous quarterly dividend of $0.82. The ex-dividend date is Monday, March 16th. DT Midstream’s dividend payout ratio (DPR) is 76.10%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in DTM. V Square Quantitative Management LLC acquired a new stake in DT Midstream during the 4th quarter worth about $28,000. Richardson Financial Services Inc. boosted its stake in shares of DT Midstream by 62.7% in the fourth quarter. Richardson Financial Services Inc. now owns 244 shares of the company’s stock worth $29,000 after buying an additional 94 shares during the last quarter. Mather Group LLC. purchased a new stake in shares of DT Midstream in the third quarter worth about $30,000. Centerpoint Advisors LLC grew its holdings in DT Midstream by 198.9% during the third quarter. Centerpoint Advisors LLC now owns 269 shares of the company’s stock worth $30,000 after acquiring an additional 179 shares during the period. Finally, First Horizon Corp purchased a new position in DT Midstream during the third quarter valued at approximately $32,000. Hedge funds and other institutional investors own 81.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. UBS Group upped their price objective on shares of DT Midstream from $128.00 to $152.00 and gave the company a “buy” rating in a report on Friday, February 20th. JPMorgan Chase & Co. upped their price target on shares of DT Midstream from $118.00 to $126.00 and gave the company a “neutral” rating in a research note on Tuesday, December 2nd. Citigroup lifted their price objective on shares of DT Midstream from $130.00 to $156.00 and gave the stock a “buy” rating in a research note on Tuesday. Barclays upped their target price on DT Midstream from $114.00 to $119.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 14th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $150.00 price target on shares of DT Midstream in a research report on Sunday. Six research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $136.18.

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.