DT Midstream (NYSE:DTM – Get Free Report) posted its quarterly earnings data on Tuesday. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.05), Briefing.com reports. DT Midstream had a return on equity of 9.45% and a net margin of 42.10%. The company had revenue of $248.00 million for the quarter, compared to analyst estimates of $242.64 million. During the same quarter in the prior year, the company posted $0.94 earnings per share.
DT Midstream Trading Up 1.6 %
Shares of DT Midstream stock traded up $1.44 during trading hours on Wednesday, hitting $90.74. The company’s stock had a trading volume of 363,210 shares, compared to its average volume of 637,916. The stock has a market cap of $8.81 billion, a price-to-earnings ratio of 22.23 and a beta of 0.74. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.84 and a current ratio of 0.84. DT Midstream has a twelve month low of $51.17 and a twelve month high of $91.50. The firm has a fifty day moving average of $80.52 and a 200-day moving average of $72.95.
DT Midstream Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th will be given a $0.735 dividend. The ex-dividend date is Monday, December 16th. This represents a $2.94 dividend on an annualized basis and a yield of 3.24%. DT Midstream’s dividend payout ratio is currently 71.53%.
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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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