New insider activity at DT Midstream ( (DTM) ) has taken place on March 4, 2025.
Jeffrey A Jewell, the Vice President, Controller, and Chief Accounting Officer of DT Midstream, has made a notable investment by purchasing 170 shares of the company’s stock. This transaction is valued at $16,435, reflecting confidence in the company’s future prospects.
Recent Updates on DTM stock
In the last 24 hours, DT Midstream has seen significant developments, including a price target adjustment by Wells Fargo analyst Michael Blum, who lowered the target due to a lower dividend payout and higher interest expense forecast. Despite these challenges, DT Midstream reported record financial results for 2024, with an adjusted EBITDA of $969 million and a 12% increase in its quarterly dividend. The company also raised its 2025 adjusted EBITDA guidance, reflecting strong operational performance and strategic growth initiatives. However, the company faces challenges from depressed natural gas prices and regulatory delays in its CCS project in Louisiana. Overall, DT Midstream’s recent earnings call highlighted a balance of strong financial performance and strategic growth against market and regulatory challenges.
More about DT Midstream
YTD Price Performance: -5.56%
Average Trading Volume: 1,003,002
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $9.74B
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