Key Points
- DT Midstream CFO Jeffrey Jewell bought 150 shares of the company at an average price of $147.73, a $22,159.50 transaction that slightly increased his stake by 0.17%.
- The company recently reported strong quarterly results, with EPS of $1.27 beating estimates of $1.11 and revenue of $336 million topping expectations.
- DT Midstream also announced a quarterly dividend of $0.88 per share, payable July 15, which works out to a 2.4% yield and an annualized dividend of $3.52 per share.
DT Midstream, Inc. (NYSE:DTM - Get Free Report) CFO Jeffrey Jewell purchased 150 shares of the company's stock in a transaction on Friday, May 15th. The shares were purchased at an average price of $147.73 per share, for a total transaction of $22,159.50. Following the purchase, the chief financial officer owned 89,732 shares in the company, valued at approximately $13,256,108.36. The trade was a 0.17% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
DT Midstream Stock Down 0.1%
DT Midstream stock opened at $147.91 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.26 and a current ratio of 1.26. The business's 50-day simple moving average is $137.57 and its two-hundred day simple moving average is $127.28. The company has a market cap of $15.09 billion, a PE ratio of 32.72, a PEG ratio of 2.96 and a beta of 0.75. DT Midstream, Inc. has a fifty-two week low of $98.06 and a fifty-two week high of $150.45.
DT Midstream (NYSE:DTM - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.16. The business had revenue of $336.00 million for the quarter, compared to the consensus estimate of $313.65 million. DT Midstream had a return on equity of 9.53% and a net margin of 36.28%.During the same quarter in the previous year, the business earned $1.06 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. Equities analysts anticipate that DT Midstream, Inc. will post 4.8 EPS for the current year.
DT Midstream Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Monday, June 15th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, June 15th. DT Midstream's dividend payout ratio (DPR) is 77.88%.
Institutional Investors Weigh In On DT Midstream
Hedge funds have recently bought and sold shares of the stock. V Square Quantitative Management LLC purchased a new stake in DT Midstream in the 4th quarter worth approximately $28,000. Richardson Financial Services Inc. boosted its position in DT Midstream by 62.7% in the 4th quarter. Richardson Financial Services Inc. now owns 244 shares of the company's stock worth $29,000 after purchasing an additional 94 shares in the last quarter. Centerpoint Advisors LLC increased its stake 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 in the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of DT Midstream in the 4th quarter valued at about $30,000. Finally, First Horizon Corp purchased a new position in shares of DT Midstream in the 3rd quarter valued at about $32,000. Hedge funds and other institutional investors own 81.53% of the company's stock.
Wall Street Analysts Forecast Growth
DTM has been the subject of several recent research reports. Stifel Nicolaus set a $137.00 target price on shares of DT Midstream and gave the stock a "hold" rating in a report on Monday, February 23rd. UBS Group raised their target price on shares of DT Midstream from $152.00 to $170.00 and gave the stock a "buy" rating in a report on Friday. JPMorgan Chase & Co. raised their target price on shares of DT Midstream from $126.00 to $142.00 and gave the stock a "neutral" rating in a report on Thursday, March 5th. Morgan Stanley raised their target price on shares of DT Midstream from $165.00 to $170.00 and gave the stock an "equal weight" rating in a report on Tuesday. Finally, Wall Street Zen raised shares of 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 given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $152.67.
View Our Latest Stock Analysis on DT Midstream
About DT Midstream
(
Get Free Report)
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.
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