14 Most Expensive Stocks Insiders Are Buying In March

6. DT Midstream, Inc. (NYSE:DTM)

Market Capitalization: $9.83 billion

DT Midstream provides integrated natural gas services in the United States through its Pipeline and Gathering segments. The Pipeline segment operates interstate and intrastate pipelines and storage systems, while the Gathering segment collects natural gas for processing and transportation, offering services like compression and gas treatment. Founded in 2021, the Detroit, Michigan-headquartered company serves natural gas producers, power generators, industrial clients, and more. It is also considered one of the 15 energy infrastructure stocks that are skyrocketing.

For the full year 2024, DT Midstream reported net income of $354 million, or $3.60 per diluted share, a decrease of 7.81% from 2023. Revenue was $981 million, compared to $969 million in 2023. Operating earnings amounted to $375 million, or $3.81 per diluted share, compared to $384 million, or $3.94 per share in 2023.

In March, two insiders, including the company’s CFO, bought a total of around $103,357 worth of DT Midstream shares at an average price of $91.81 per share. Currently, the stock trades at $96.98, down 2.46% since the beginning of the year. However, over the past 12 months, DT Midstream returned 63.24% to its investors.

According to MarketBeat, seven analysts have rated DT Midstream stock as “Hold” with a price target of $101.50. The average price target represents a potential upside of 4.77%.