New York State Teachers Retirement System Sells 17,480 Shares of DT Midstream, Inc. $DTM

New York State Teachers Retirement System lessened its position in DT Midstream, Inc. (NYSE:DTM) by 16.2% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 90,621 shares of the company’s stock after selling 17,480 shares during the period. New York State Teachers Retirement System owned approximately 0.09% of DT Midstream worth $12,204,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of DTM. NewEdge Wealth LLC lifted its holdings in shares of DT Midstream by 2.4% in the 4th quarter. NewEdge Wealth LLC now owns 3,613 shares of the company’s stock worth $432,000 after purchasing an additional 85 shares in the last quarter. Covestor Ltd increased its stake in DT Midstream by 11.2% during the 4th quarter. Covestor Ltd now owns 897 shares of the company’s stock valued at $107,000 after purchasing an additional 90 shares in the last quarter. Richardson Financial Services Inc. raised its holdings in DT Midstream by 62.7% during the fourth quarter. Richardson Financial Services Inc. now owns 244 shares of the company’s stock worth $29,000 after buying an additional 94 shares during the last quarter. VestGen Investment Management raised its holdings in DT Midstream by 1.2% during the fourth quarter. VestGen Investment Management now owns 7,698 shares of the company’s stock worth $921,000 after buying an additional 94 shares during the last quarter. Finally, Pathstone Holdings LLC lifted its stake in shares of DT Midstream by 0.3% in the third quarter. Pathstone Holdings LLC now owns 28,322 shares of the company’s stock valued at $3,215,000 after buying an additional 97 shares in the last quarter. Institutional investors own 81.53% of the company’s stock.

DT Midstream Stock Performance

Shares of DTM stock opened at $144.66 on Monday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a 50-day moving average of $144.13 and a 200-day moving average of $134.55. DT Midstream, Inc. has a one year low of $98.06 and a one year high of $152.88. The company has a market cap of $14.76 billion, a P/E ratio of 32.00, a P/E/G ratio of 3.15 and a beta of 0.71.

DT Midstream (NYSE:DTM) last released its quarterly earnings results on Thursday, April 30th. The company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.16. DT Midstream had a net margin of 36.28% and a return on equity of 9.53%. The business had revenue of $336.00 million for the quarter, compared to analysts’ expectations of $313.65 million. During the same period in the previous year, the company earned $1.06 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. Equities research analysts forecast that DT Midstream, Inc. will post 4.75 EPS for the current fiscal year.

DT Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Monday, June 15th. DT Midstream’s payout ratio is presently 77.88%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on DTM shares. Scotiabank began coverage on shares of DT Midstream in a report on Tuesday, May 26th. They set an “outperform” rating and a $176.00 price objective for the company. Jefferies Financial Group reaffirmed a “buy” rating and issued a $166.00 price target on shares of DT Midstream in a research report on Friday, May 1st. Weiss Ratings upgraded DT Midstream from a “buy (a-)” rating to a “buy (a)” rating in a research note on Thursday, June 4th. The Goldman Sachs Group boosted their price objective on DT Midstream from $111.00 to $127.00 and gave the stock a “sell” rating in a report on Monday, April 20th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $158.00 price objective on shares of DT Midstream in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $154.46.

DT Midstream Profile

DT Midstream Inc (NYSE: DTM) is a midstream energy company that owns and operates infrastructure for gathering, processing and treating hydrocarbons and produced water. Its core business activities encompass natural gas gathering, cryogenic processing, natural gas liquids (NGL) fractionation, and produced-water handling services. These integrated operations enable the company to capture and transport multiple hydrocarbon streams from wellhead to market and to provide essential water management solutions.

The company’s asset footprint is concentrated in the Delaware Basin in West Texas and southeastern New Mexico, where it serves a diverse range of exploration and production customers.