DT Midstream, Inc. (NYSE:DTM) CFO Jeffrey A. Jewell Buys 400 Shares of Stock

DT Midstream, Inc. (NYSE:DTM) CFO Jeffrey A. Jewell purchased 400 shares of DT Midstream stock in a transaction dated Friday, May 3rd. The shares were purchased at an average cost of $62.80 per share, for a total transaction of $25,120.00. Following the transaction, the chief financial officer now owns 44,285 shares in the company, valued at approximately $2,781,098. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

DT Midstream Stock Up 0.7 %

DT Midstream stock opened at $64.06 on Wednesday. The stock’s fifty day moving average is $60.82 and its two-hundred day moving average is $56.90. The stock has a market cap of $6.22 billion, a PE ratio of 15.62 and a beta of 0.72. DT Midstream, Inc. has a 1-year low of $45.20 and a 1-year high of $64.69. 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 (NYSE:DTM) last issued its earnings results on Tuesday, April 30th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.04. The business had revenue of $240.00 million for the quarter, compared to analyst estimates of $242.62 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 company earned $0.84 EPS. On average, sell-side analysts expect that DT Midstream, Inc. will post 3.93 EPS for the current fiscal year.

DT Midstream Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, June 17th will be given a $0.735 dividend. This represents a $2.94 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date of this dividend is Friday, June 14th. DT Midstream’s dividend payout ratio (DPR) is 71.71%.

Institutional Investors Weigh In On DT Midstream

Institutional investors and hedge funds have recently bought and sold shares of the stock. First Trust Advisors LP grew its holdings in shares of DT Midstream by 284.6% during the fourth quarter. First Trust Advisors LP now owns 1,524,401 shares of the company’s stock worth $83,537,000 after purchasing an additional 1,128,056 shares during the last quarter. Norges Bank acquired a new stake in shares of DT Midstream during the fourth quarter worth $61,638,000. HITE Hedge Asset Management LLC purchased a new stake in shares of DT Midstream in the fourth quarter valued at about $47,462,000. Deutsche Bank AG increased its position in DT Midstream by 1,176.7% during the 3rd quarter. Deutsche Bank AG now owns 867,145 shares of the company’s stock worth $45,889,000 after purchasing an additional 799,224 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in DT Midstream by 8.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,401,572 shares of the company’s stock worth $186,407,000 after acquiring an additional 266,433 shares in the last quarter. 81.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Barclays upped their price target on DT Midstream from $59.00 to $66.00 and gave the company an “overweight” rating in a research note on Friday, April 5th. Stifel Nicolaus raised their price target on DT Midstream from $62.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Wolfe Research upgraded shares of DT Midstream from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, February 20th. US Capital Advisors cut shares of DT Midstream from an “overweight” rating to a “hold” rating in a report on Monday, April 29th. Finally, Mizuho boosted their price target on shares of DT Midstream from $57.00 to $65.00 and gave the stock a “neutral” rating in a research note on Monday, April 29th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $61.50.

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.