California Public Employees Retirement System Sells 17,205 Shares of DT Midstream, Inc. $DTM

California Public Employees Retirement System decreased its stake in DT Midstream, Inc. (NYSE:DTM) by 6.3% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 256,680 shares of the company’s stock after selling 17,205 shares during the period. California Public Employees Retirement System’s holdings in DT Midstream were worth $34,567,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. V Square Quantitative Management LLC purchased a new position in shares of DT Midstream during the 4th quarter valued at about $28,000. Richardson Financial Services Inc. grew its stake in shares of DT Midstream by 62.7% during the 4th quarter. Richardson Financial Services Inc. now owns 244 shares of the company’s stock valued at $29,000 after acquiring an additional 94 shares during the period. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in DT Midstream in the 4th quarter worth approximately $30,000. WFA of San Diego LLC purchased a new stake in DT Midstream in the 2nd quarter worth approximately $33,000. Finally, Commonwealth Retirement Investments LLC purchased a new stake in DT Midstream in the 4th quarter worth approximately $36,000. Institutional investors own 81.53% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Weiss Ratings downgraded shares of DT Midstream from a “buy (a)” rating to a “buy (a-)” rating in a report on Wednesday, July 8th. UBS Group increased their price objective on shares of DT Midstream from $152.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Raymond James Financial restated an “outperform” rating and set a $158.00 price objective on shares of DT Midstream in a research report on Thursday, April 30th. Morgan Stanley raised their price objective on shares of DT Midstream from $165.00 to $170.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 12th. Finally, Mizuho lifted their target price on shares of DT Midstream from $129.00 to $153.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $155.69.

DT Midstream Trading Down 1.4%

Shares of DTM opened at $141.79 on Wednesday. The firm has a market cap of $14.46 billion, a P/E ratio of 31.37, a price-to-earnings-growth ratio of 3.12 and a beta of 0.71. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.26 and a quick ratio of 1.26. DT Midstream, Inc. has a 1 year low of $98.06 and a 1 year high of $152.88. The company has a 50 day simple moving average of $145.10 and a two-hundred day simple moving average of $136.73.

DT Midstream (NYSE:DTM) last released its earnings results on Thursday, April 30th. The company reported $1.27 EPS 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 firm had revenue of $336.00 million for the quarter, compared to the consensus estimate of $313.65 million. During the same quarter in the previous year, the firm earned $1.06 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. On average, equities analysts expect that DT Midstream, Inc. will post 4.77 earnings per share for the current fiscal year.

DT Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th were issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Monday, June 15th. DT Midstream’s payout ratio is currently 77.88%.

About DT Midstream

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.