DT Midstream, Inc. (NYSE:DTM) CFO Jeffrey A. Jewell Buys 150 Shares

Key Points

• CFO Jeffrey A. Jewell of DT Midstream, Inc. purchased 150 shares at an average price of $104.38, increasing his ownership to 64,380 shares valued at approximately $6.72 million.
• The company recently reported $1.04 EPS for the last quarter, exceeding analysts' expectations of $0.98, with a net margin of 33.90% and quarterly revenue of $299 million.
• DT Midstream announced a quarterly dividend of $0.82 per share, with an upcoming ex-dividend date of September 15th, yielding an annualized return of 3.1%.

DT Midstream, Inc. (NYSE:DTM - Get Free Report) CFO Jeffrey A. Jewell purchased 150 shares of the business's stock in a transaction on Thursday, August 7th. The shares were acquired at an average cost of $104.38 per share, for a total transaction of $15,657.00. Following the completion of the transaction, the chief financial officer directly owned 64,380 shares in the company, valued at approximately $6,719,984.40. This represents a 0.23% increase in their ownership of the stock. 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 traded down $0.16 on Thursday, reaching $104.17. 575,609 shares of the company's stock were exchanged, compared to its average volume of 1,024,689. The company has a fifty day moving average of $104.59 and a 200-day moving average of $100.66. DT Midstream, Inc. has a twelve month low of $71.97 and a twelve month high of $114.50. The company has a market capitalization of $10.58 billion, a price-to-earnings ratio of 27.93, a PEG ratio of 1.88 and a beta of 0.77. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.69.

DT Midstream (NYSE:DTM - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.06. The business had revenue of $299.00 million for the quarter, compared to analyst estimates of $295.70 million. DT Midstream had a net margin of 33.90% and a return on equity of 8.48%. During the same quarter last year, the business posted $0.98 EPS. On average, research analysts predict that DT Midstream, Inc. will post 3.8 EPS for the current fiscal year.

DT Midstream Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be paid a $0.82 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $3.28 annualized dividend and a yield of 3.1%. DT Midstream's dividend payout ratio is presently 87.94%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on DTM shares. Wells Fargo & Company upped their target price on shares of DT Midstream from $108.00 to $117.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Morgan Stanley upped their target price on shares of DT Midstream from $113.00 to $118.00 and gave the company an "underweight" rating in a report on Wednesday. Barclays upped their target price on shares of DT Midstream from $102.00 to $103.00 and gave the company an "equal weight" rating in a report on Tuesday, May 20th. US Capital Advisors cut shares of DT Midstream from a "moderate buy" rating to a "hold" rating in a report on Monday, April 28th. Finally, Stifel Nicolaus upped their target price on shares of DT Midstream from $102.00 to $108.00 and gave the company a "buy" rating in a report on Friday, August 1st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $110.91.

Hedge Funds Weigh In On DT Midstream

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Blackstone Inc. raised its stake in shares of DT Midstream by 2,783.1% during the fourth quarter. Blackstone Inc. now owns 1,631,285 shares of the company's stock valued at $162,199,000 after acquiring an additional 1,574,705 shares during the last quarter. Zimmer Partners LP acquired a new stake in DT Midstream in the fourth quarter worth $74,572,000. Vanguard Group Inc. grew its holdings in DT Midstream by 5.9% in the first quarter. Vanguard Group Inc. now owns 11,174,965 shares of the company's stock worth $1,078,161,000 after purchasing an additional 621,183 shares during the period. Westwood Holdings Group Inc. grew its holdings in DT Midstream by 108.8% in the fourth quarter. Westwood Holdings Group Inc. now owns 1,084,018 shares of the company's stock worth $107,784,000 after purchasing an additional 564,899 shares during the period. Finally, Bank of Montreal Can grew its holdings in shares of DT Midstream by 733.3% during the fourth quarter. Bank of Montreal Can now owns 458,789 shares of the company's stock valued at $45,617,000 after buying an additional 403,730 shares during the last quarter. Institutional investors own 81.53% of the company's stock.

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.

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