We recently published a list of 14 Most Expensive Stocks Insiders Are Buying In March. In this article, we are going to take a look at where DT Midstream, Inc. (NYSE:DTM) stands against other most expensive stocks insiders are buying in March.
President Donald Trump is preparing to announce “Liberation Day” tariffs on April 2, introducing so-called reciprocal tariffs as retaliation for tariffs imposed by other countries. While the announcement would represent a significant expansion of U.S. tariffs, experts familiar with the matter indicate it is expected to be more targeted than the broad, global approach, writes Bloomberg.
The stock market is reacting to these reports with the broader market gaining 1.5%, blue-chip companies advancing around 1.2% and the NASDAQ Composite being up more than 2%.
As investors digest daily developments, uncertainty continues to weigh on the market. During such times, insider trading often draws attention, as executive stock purchases may signal confidence in a company’s future. However, insider selling doesn’t always indicate doubt—it could reflect personal financial needs or diversification strategies. Executives often use pre-set plans like 10b5-1 to ensure transparency. While insider trading offers valuable clues, it should be considered alongside financial health, market trends, and industry shifts.
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Which stocks are insiders buying at the highest prices this month? To find out, we used Insider Monkey’s insider trading stock screener, focusing only on stocks where at least two insiders had purchased shares in March. From there, we ranked the 14 stocks with the highest average price per share.
Our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds, focusing on insider trading and stock picks from hedge fund investor newsletters and conferences. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
With each stock, we note the average price per share of these purchases and the stock’s market capitalization.
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DT Midstream, Inc. (NYSE:DTM)
Market Capitalization: $9.83 billion
DT Midstream, Inc. (NYSE:DTM) 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, Inc. (NYSE:DTM) 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 (NYSE:DTM) stock as “Hold” with a price target of $101.50. The average price target represents a potential upside of 4.77%.
Overall, DTM ranks 6th on our list of the most expensive stocks insiders are buying in March. While we acknowledge the potential of DTM our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than DTM but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
