Rep. Julie Johnson Sells DT Midstream, Inc. (NYSE:DTM) Stock

Representative Julie Johnson (D-Texas) recently sold shares of DT Midstream, Inc. (NYSE:DTM). In a filing disclosed on May 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in DT Midstream stock on April 7th. The trade occurred in the Representative’s “MERRILL LYNCH LONG TERM GROWTH” account.

Representative Julie Johnson also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Fidelity National Information Services (NYSE:FIS) on 4/30/2025.
• Sold $1,001 – $15,000 in shares of Blackstone (NYSE:BX) on 4/22/2025.
• Purchased $1,001 – $15,000 in shares of Fidelity National Information Services (NYSE:FIS) on 4/22/2025.
• Sold $1,001 – $15,000 in shares of United Parcel Service (NYSE:UPS) on 4/15/2025.
• Sold $1,001 – $15,000 in shares of United Parcel Service (NYSE:UPS) on 4/11/2025.
• Purchased $1,001 – $15,000 in shares of 3M (NYSE:MMM) on 4/11/2025.
• Sold $1,001 – $15,000 in shares of Intuitive Surgical (NASDAQ:ISRG) on 4/7/2025.
• Sold $1,001 – $15,000 in shares of Howmet Aerospace (NYSE:HWM) on 4/7/2025.
• Sold $1,001 – $15,000 in shares of Carlisle Companies (NYSE:CSL) on 4/7/2025.
• Sold $1,001 – $15,000 in shares of Blue Bird (NASDAQ:BLBD) on 4/7/2025.

DT Midstream Stock Performance

Shares of DT Midstream stock opened at $103.56 on Friday. The company has a market capitalization of $10.52 billion, a PE ratio of 25.20 and a beta of 0.77. DT Midstream, Inc. has a 12 month low of $65.43 and a 12 month high of $114.50. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61. The stock’s fifty day simple moving average is $96.67 and its 200 day simple moving average is $99.33.

DT Midstream (NYSE:DTM) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $1.06 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.01). The business had revenue of $288.81 million for the quarter, compared to analyst estimates of $285.48 million. DT Midstream had a return on equity of 9.31% and a net margin of 41.19%. During the same period in the previous year, the business posted $0.99 EPS. On average, research analysts predict that DT Midstream, Inc. will post 3.8 EPS for the current year.

DT Midstream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 16th will be paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 3.17%. The ex-dividend date is Monday, June 16th. DT Midstream’s payout ratio is presently 89.37%.

Hedge Funds Weigh In On DT Midstream

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of DT Midstream by 5.9% in the 1st quarter. Vanguard Group Inc. now owns 11,174,965 shares of the company’s stock valued at $1,078,161,000 after acquiring an additional 621,183 shares during the period. Deutsche Bank AG lifted its stake in DT Midstream by 5.5% in the 4th quarter. Deutsche Bank AG now owns 2,831,830 shares of the company’s stock valued at $281,569,000 after purchasing an additional 147,790 shares during the last quarter. Geode Capital Management LLC grew its holdings in DT Midstream by 18.7% during the fourth quarter. Geode Capital Management LLC now owns 2,452,948 shares of the company’s stock worth $243,948,000 after purchasing an additional 386,670 shares during the period. Blackstone Inc. increased its position in DT Midstream by 2,783.1% during the fourth quarter. Blackstone Inc. now owns 1,631,285 shares of the company’s stock worth $162,199,000 after buying an additional 1,574,705 shares during the last quarter. Finally, Tortoise Capital Advisors L.L.C. increased its position in DT Midstream by 21.8% during the first quarter. Tortoise Capital Advisors L.L.C. now owns 1,582,833 shares of the company’s stock worth $152,712,000 after buying an additional 282,870 shares during the last quarter. 81.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Williams Trading set a $110.00 target price on DT Midstream in a report on Monday, March 24th. JPMorgan Chase & Co. increased their target price on DT Midstream from $109.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, January 24th. Bank of America assumed coverage on DT Midstream in a report on Monday, March 24th. They set a “buy” rating and a $110.00 target price for the company. Barclays lowered their target price on DT Midstream from $107.00 to $102.00 and set an “equal weight” rating for the company in a report on Friday, April 11th. Finally, Raymond James increased their target price on DT Midstream from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $108.27.

Insider Buying and Selling at DT Midstream

In related news, Director Robert C. Skaggs, Jr. bought 1,000 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was bought at an average price of $86.92 per share, for a total transaction of $86,920.00. Following the purchase, the director now owns 38,653 shares in the company, valued at $3,359,718.76. This represents a 2.66% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have acquired 1,235 shares of company stock worth $109,867 over the last 90 days. Company insiders own 0.34% of the company’s stock.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas’ 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027.

Johnson (Democratic Party) ran for election to the U.S. House to represent Texas’ 32nd Congressional District. She won in the general election on November 5, 2024.

Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson’s career experience includes working as an attorney.

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.