DT Midstream, Inc. (NYSE:DTM) CFO Buys $25,120.00 in Stock

DT Midstream, Inc. (NYSE:DTM) CFO Jeffrey A. Jewell purchased 400 shares of the firm’s stock in a transaction on 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 completion of the purchase, the chief financial officer now directly owns 44,285 shares in the company, valued at $2,781,098. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

DT Midstream Stock Up 0.1 %

DTM stock opened at $64.12 on Thursday. The business has a 50-day simple moving average of $61.11 and a 200 day simple moving average of $57.01. The company has a market cap of $6.23 billion, a PE ratio of 15.64 and a beta of 0.72. DT Midstream, Inc. has a 52 week low of $45.20 and a 52 week high of $64.70. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.71.

DT Midstream (NYSE:DTM) last released its quarterly earnings results on Tuesday, April 30th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04. The firm 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 in the previous year, the company posted $0.84 EPS. Sell-side analysts anticipate that DT Midstream, Inc. will post 3.93 EPS for the current fiscal year.

DT Midstream Dividend Announcement

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

Analysts Set New Price Targets

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

Institutional Trading of DT Midstream

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DTM. GAMMA Investing LLC lifted its holdings in shares of DT Midstream by 21.3% in the first quarter. GAMMA Investing LLC now owns 1,185 shares of the company’s stock worth $72,000 after buying an additional 208 shares in the last quarter. Azimuth Capital Investment Management LLC grew its position in DT Midstream by 3.4% during the fourth quarter. Azimuth Capital Investment Management LLC now owns 6,289 shares of the company’s stock worth $345,000 after buying an additional 209 shares in the last quarter. Blue Trust Inc. increased its stake in DT Midstream by 28.3% in the 4th quarter. Blue Trust Inc. now owns 992 shares of the company’s stock worth $53,000 after acquiring an additional 219 shares during the last quarter. Treasurer of the State of North Carolina increased its position in shares of DT Midstream by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 42,616 shares of the company’s stock worth $2,255,000 after purchasing an additional 220 shares during the last quarter. Finally, Commerce Bank raised its stake in DT Midstream by 1.2% in the fourth quarter. Commerce Bank now owns 18,815 shares of the company’s stock valued at $1,031,000 after purchasing an additional 220 shares in the last quarter. 81.53% of the stock is owned by institutional investors.

About DT Midstream

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.