DT Midstream: Shares Enter Bear Territory, Creating A Better Buying Opportunity

Summary

• DT Midstream has shown impressive growth in their business and that has led to solid total returns, outpacing the S&P 500.
• More recently, though, shares have been on the decline and entered into bear territory with a 23% from its 52-week high.
• Valuation comparisons with peers like Enbridge and Hess Midstream indicate DTM's valuation isn't stretched, given its strong growth prospects and now that shares have dropped.
• This idea was discussed in more depth with members of my private investing community, Cash Builder Opportunities. Learn More »

onurdongel

Analyst’s Disclosure: I/we have a beneficial long position in the shares of DTM, DTE either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.