DETROIT— DT Midstream , Inc. (NYSE:DTM), a $10.3 billion market cap energy company, saw its Executive Vice President and Chief Financial Officer Jeffrey A. Jewell acquire additional shares, according to a recent filing with the Securities and Exchange Commission. On May 9, Jewell purchased 65 shares of DT Midstream common stock at a price of $100.15 per share, amounting to a total of $6,509. The stock, which currently trades at $101.22, has delivered an impressive 59% return over the past year, according to InvestingPro data.
Following this transaction, Jewell now directly owns 64,230 shares of DT Midstream. The acquisition reflects Jewell’s continued investment in the Detroit-based energy company’s stock, which offers a 3.28% dividend yield and has raised its dividend for four consecutive years. Want deeper insights? InvestingPro subscribers have access to over 30 additional premium insights and metrics for DTM, including detailed Fair Value analysis and comprehensive financial health scores.
In other recent news, DT Midstream reported its first-quarter 2025 earnings, revealing a revenue of $288.81 million, which exceeded the forecast of $285.91 million. However, the company’s earnings per share (EPS) slightly missed expectations, coming in at $1.06 compared to the anticipated $1.08. Despite the revenue beat, the company’s stock experienced a decline in pre-market trading. The company reaffirmed its 2025 and 2026 adjusted EBITDA guidance, indicating confidence in its strategic initiatives. Analysts from Wells Fargo (NYSE:WFC) and JPMorgan engaged with DT Midstream regarding its gathering volumes and future projects. The company highlighted increased activity in the Haynesville region and ongoing opportunities in data center and utility-scale power generation. Additionally, DT Midstream’s pipeline segment showed strong performance, contributing to an adjusted EBITDA of $280 million, a $45 million increase from the previous quarter. The Board of Directors also approved a dividend of $0.82 per share, consistent with the previous quarter.
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