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DETROIT—Jeffrey A. Jewell, Executive Vice President and Chief Financial Officer of DT Midstream , Inc. (NYSE:DTM), recently acquired shares in the company, according to a regulatory filing. On March 3, Jewell purchased 170 shares of DT Midstream common stock at an average price of $96.685 per share, amounting to a total investment of $16,436. Following this transaction, Jewell holds a total of 64,165 shares directly. The purchase comes as DT Midstream shows strong market performance, with the stock delivering a 73% return over the past year. According to InvestingPro analysis, the company currently appears overvalued relative to its Fair Value.
This transaction reflects Jewell’s continued investment in DT Midstream, a company engaged in the transmission of natural gas. The company maintains a healthy 3.41% dividend yield and has raised its dividend for four consecutive years, as noted in InvestingPro’s analysis, which includes 7 additional key insights about DTM’s financial health and market position.
In other recent news, DTE Midstream Inc. reported a 5% increase in adjusted EBITDA for the fourth quarter and full year 2024, reaching $969 million. The company announced a 12% rise in its quarterly dividend to $0.82 per share, despite slightly missing the earnings per share forecast of $0.95 with an actual EPS of $0.94. DTE Midstream also shared optimistic guidance for 2025, projecting an 18% growth in adjusted EBITDA, which is expected to reach between $1,095 million and $1,155 million. The company unveiled plans for two new utility-scale power generation projects, highlighting continued expansion in its natural gas infrastructure.
DTE Midstream’s strategic initiatives have included the successful integration of ONEOK (NYSE:OKE) Midwest Pipeline assets, enhancing its pipeline network. Analysts from Finsch have upgraded the company’s credit rating to investment grade, with expectations of further upgrades from other agencies in 2025. The company aims to invest $400-$460 million in growth capital, focusing on its Haynesville system and maintaining steady volumes in Appalachia. CEO David Slater expressed confidence in the company’s strategic direction, citing strong demand signals and a well-positioned natural gas pipeline portfolio.
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