DT Midstream (NYSE:DTM – Get Free Report) issued its quarterly earnings results on Tuesday. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.04, Briefing.com reports. The company had revenue of $240.00 million for the quarter, compared to analysts’ expectations of $242.62 million. DT Midstream had a return on equity of 9.45% and a net margin of 42.46%. During the same period last year, the firm earned $0.84 EPS.
DT Midstream Stock Up 0.8 %
Shares of DTM stock traded up $0.52 on Thursday, reaching $62.15. 20,658 shares of the company’s stock traded hands, compared to its average volume of 685,681. The business’s 50 day moving average price is $60.35 and its two-hundred day moving average price is $56.70. The company has a market capitalization of $6.04 billion, a P/E ratio of 15.16 and a beta of 0.71. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.63 and a current ratio of 0.63. DT Midstream has a 12-month low of $45.10 and a 12-month high of $64.69.
DT Midstream Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, June 17th will be issued a $0.735 dividend. The ex-dividend date is Monday, June 17th. This represents a $2.94 dividend on an annualized basis and a dividend yield of 4.73%. DT Midstream’s payout ratio is currently 71.71%.
Wall Street Analysts Forecast Growth
Read Our Latest Analysis on DT Midstream
Insider Buying and Selling
In other DT Midstream news, Director Robert C. Skaggs, Jr. bought 1,000 shares of the stock in a transaction on Monday, February 26th. The shares were bought at an average price of $56.87 per share, with a total value of $56,870.00. Following the purchase, the director now directly owns 37,289 shares in the company, valued at approximately $2,120,625.43. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.04% of the company’s stock.
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.
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