I Missed The Sale On DT Midstream, But It's Still A Buy [Seeking Alpha]
DT Midstream, Inc. (DTM)
Company Research
Source: Seeking Alpha
After several years of large CAPEX spending, the company has transitioned into a self-funded growth model to preserve the balance sheet. Its pipeline and gathering assets in the Marcellus and Haynesville basins will be critical to support future LNG terminals. DTM commands a market premium for its growth trajectory, but it is worth the price in my view. Thesis I believe DT Midstream, Inc. ( NYSE: DTM ) is a snowball on a downhill track, and it's not too late to get on board. Last week, DTM piqued my interest. I recognized its growth potential, coupled with a modest dividend that had a solid runway to keep growing. On Friday, February 16th, the company reported solid earnings, ahead of schedule with progress on many of its growth projects, and a 7% dividend hike. As one would expect, the stock rose over 5% in response. The price dip that accompanied the weakness exhibited by most of the market last week was erased in a couple of hours. I missed the opening, but I don't thi
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DTM
News
- DT Midstream (DTM) Upgraded to Buy: Here's What You Should Know [Yahoo! Finance]Yahoo! Finance
- Are You Looking for a Top Momentum Pick? Why DT Midstream (DTM) is a Great Choice [Yahoo! Finance]Yahoo! Finance
- DT Midstream (DTM) Earnings Expected to Grow: Should You Buy? [Yahoo! Finance]Yahoo! Finance
- DT Midstream: Getting More Expensive [Seeking Alpha]Seeking Alpha
- DT Midstream to Announce First Quarter 2024 Financial Results, Schedules Earnings CallGlobeNewswire
DTM
Earnings
- 2/16/24 - Beat
DTM
Sec Filings
- 3/28/24 - Form ARS
- 3/28/24 - Form DEFA14A
- 3/28/24 - Form DEF
- DTM's page on the SEC website