DT Midstream (NYSE:DTM) CFO Jeffrey Jewell Buys 150 Shares

DT Midstream, Inc. (NYSE:DTM) CFO Jeffrey Jewell bought 150 shares of DT Midstream stock in a transaction dated Friday, May 15th. The shares were bought at an average cost of $147.73 per share, for a total transaction 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 trade represents a 0.17% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

DT Midstream Stock Performance

Shares of NYSE:DTM opened at $147.91 on Friday. The firm has a market cap of $15.09 billion, a PE ratio of 32.72, a price-to-earnings-growth ratio of 2.96 and a beta of 0.75. The firm’s 50 day simple moving average is $137.57 and its 200-day simple moving average is $127.28. DT Midstream, Inc. has a one year low of $98.06 and a one year high of $150.45. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.26 and a current ratio of 1.26.

DT Midstream (NYSE:DTM) last released its quarterly earnings data on Thursday, April 30th. The company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $313.65 million. During the same period in the prior year, the firm earned $1.06 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. As a group, equities analysts predict that DT Midstream, Inc. will post 4.8 EPS for the current year.

DT Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th will be given a $0.88 dividend. 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 payout ratio is presently 77.88%.

Analyst Ratings Changes

DTM has been the subject of several recent research reports. Barclays boosted their price target on DT Midstream from $141.00 to $143.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Stifel Nicolaus set a $137.00 price target on shares of DT Midstream and gave the company a “hold” rating in a research report on Monday, February 23rd. JPMorgan Chase & Co. increased their price target on shares of DT Midstream from $126.00 to $142.00 and gave the company a “neutral” rating in a research report on Thursday, March 5th. Mizuho increased their price target on shares of DT Midstream from $129.00 to $153.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Finally, Raymond James Financial reissued an “outperform” rating and set a $158.00 price target on shares of DT Midstream in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, DT Midstream currently has an average rating of “Moderate Buy” and an average target price of $152.67.

Hedge Funds Weigh In On DT Midstream

A number of large investors have recently made changes to their positions in DTM. 59 North Capital Management LP raised its position in shares of DT Midstream by 49.0% in the 3rd quarter. 59 North Capital Management LP now owns 3,074,081 shares of the company’s stock valued at $347,556,000 after purchasing an additional 1,010,965 shares during the last quarter. Norges Bank purchased a new position in shares of DT Midstream in the 4th quarter valued at approximately $115,715,000. Merewether Investment Management LP raised its position in shares of DT Midstream by 192.4% in the 3rd quarter. Merewether Investment Management LP now owns 1,000,600 shares of the company’s stock valued at $113,128,000 after purchasing an additional 658,400 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new position in shares of DT Midstream in the 3rd quarter valued at approximately $43,347,000. Finally, Holocene Advisors LP raised its position in shares of DT Midstream by 117.7% in the 3rd quarter. Holocene Advisors LP now owns 554,059 shares of the company’s stock valued at $62,642,000 after purchasing an additional 299,609 shares during the last quarter. 81.53% of the stock is owned by institutional investors and hedge funds.

DT Midstream Company Profile

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.