15 Energy Infrastructure Stocks That Are Skyrocketing

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

Returns in Past 6 Months: 44.56%

Number of Hedge Fund Investors: 21

DT Midstream, Inc. (NYSE:DTM) is a leading natural gas midstream company that operates natural gas pipelines, storage systems, and compression facilities across the United States. The company serves power plants, industrial clients, and utility companies to transport their products to market.

DT Midstream, Inc. (NYSE:DTM) is taking a multi-faceted approach to grow its business in the future. One key area of focus is the development of new organic projects, such as the LEAP Phase 4 expansion, which will increase capacity by 200 million cubic feet per day and further expand the company’s integrated wellhead to water system to the LNG corridor. This project, along with others, is expected to drive significant growth in the company’s earnings and cash flow over the next few years. DT Midstream, Inc. (NYSE:DTM) has also announced a number of new contracts with major natural gas producers, including a long-term agreement with a large privately held producer to increase outlet capacity on its Stonewall system.

The stock price of DT Midstream, Inc. (NYSE:DTM) has increased significantly over the last six months, driven by the successful completion of several major projects and the announcement of new contracts with major customers. Additionally, the company’s commitment to environmental sustainability and its efforts to develop new technologies, such as Carbon Capture Solutions, have been well-received by investors. Finally, the upgrade of the company’s credit rating to investment grade by Fitch Ratings has provided an additional boost to the stock price, as it reflects the company’s strong financial position and low-risk profile.