DT Midstream, Inc. (NYSE:DTM) CFO Jeffrey A. Jewell Purchases 170 Shares

DT Midstream, Inc. (NYSE:DTM) CFO Jeffrey A. Jewell acquired 170 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were acquired at an average cost of $96.69 per share, for a total transaction of $16,437.30. Following the completion of the transaction, the chief financial officer now directly owns 64,165 shares of the company’s stock, valued at $6,204,113.85. The trade was a 0.27 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link.

DT Midstream Stock Down 1.6 %

NYSE DTM opened at $94.52 on Tuesday. The stock’s 50-day moving average price is $102.49 and its 200-day moving average price is $93.53. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.61. DT Midstream, Inc. has a 52 week low of $57.16 and a 52 week high of $114.50. The company has a market capitalization of $9.58 billion, a P/E ratio of 23.00 and a beta of 0.79.

DT Midstream Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be paid a $0.82 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $3.28 annualized dividend and a dividend yield of 3.47%. This is an increase from DT Midstream’s previous quarterly dividend of $0.74. DT Midstream’s dividend payout ratio (DPR) is 91.11%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Brooklyn FI LLC bought a new position in shares of DT Midstream in the fourth quarter worth about $463,000. Jefferies Financial Group Inc. bought a new position in shares of DT Midstream in the fourth quarter worth about $242,000. Bernard Wealth Management Corp. bought a new position in shares of DT Midstream in the fourth quarter worth about $1,663,000. WNY Asset Management LLC bought a new position in shares of DT Midstream in the fourth quarter worth about $217,000. Finally, Forum Financial Management LP raised its stake in shares of DT Midstream by 5.1% in the fourth quarter. Forum Financial Management LP now owns 3,391 shares of the company’s stock worth $337,000 after buying an additional 165 shares during the period. Institutional investors own 81.53% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on DTM. Stifel Nicolaus dropped their price objective on DT Midstream from $106.00 to $102.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Wells Fargo & Company dropped their price objective on DT Midstream from $118.00 to $108.00 and set an “overweight” rating on the stock in a research report on Friday. Barclays started coverage on DT Midstream in a report on Friday, January 10th. They issued an “equal weight” rating and a $112.00 target price on the stock. Citigroup raised DT Midstream from a “neutral” rating to a “buy” rating and increased their target price for the company from $90.00 to $115.00 in a report on Thursday, November 21st. Finally, JPMorgan Chase & Co. increased their target price on DT Midstream from $109.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, January 24th. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $102.00.

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.