Commonwealth of Pennsylvania Public School Empls Retrmt SYS Increases Stock Position in DT Midstream, Inc. $DTM

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of DT Midstream, Inc. (NYSE:DTM) by 7.8% in the second quarter, HoldingsChannel reports. The firm owned 26,102 shares of the company’s stock after acquiring an additional 1,881 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in DT Midstream were worth $2,869,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Mutual of America Capital Management LLC increased its position in DT Midstream by 1.6% during the first quarter. Mutual of America Capital Management LLC now owns 52,150 shares of the company’s stock worth $5,031,000 after buying an additional 828 shares in the last quarter. CWM LLC boosted its stake in shares of DT Midstream by 18.9% during the first quarter. CWM LLC now owns 4,201 shares of the company’s stock valued at $405,000 after acquiring an additional 669 shares during the last quarter. Kestra Private Wealth Services LLC increased its position in DT Midstream by 85.0% during the 1st quarter. Kestra Private Wealth Services LLC now owns 4,460 shares of the company’s stock worth $430,000 after purchasing an additional 2,049 shares in the last quarter. IFP Advisors Inc raised its stake in DT Midstream by 27.4% in the 1st quarter. IFP Advisors Inc now owns 1,601 shares of the company’s stock valued at $155,000 after purchasing an additional 344 shares during the last quarter. Finally, J.W. Cole Advisors Inc. purchased a new position in DT Midstream in the 1st quarter valued at about $867,000. Hedge funds and other institutional investors own 81.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on DTM shares. Weiss Ratings reiterated a “buy (b)” rating on shares of DT Midstream in a report on Wednesday, October 8th. Mizuho raised their target price on shares of DT Midstream from $105.00 to $108.00 and gave the stock a “neutral” rating in a research report on Friday, August 29th. JPMorgan Chase & Co. lifted their target price on shares of DT Midstream from $114.00 to $118.00 and gave the stock a “neutral” rating in a research note on Monday, September 29th. Wells Fargo & Company increased their price target on DT Midstream from $108.00 to $117.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Finally, Barclays lifted their price objective on DT Midstream from $103.00 to $114.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 8th. Eight investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, DT Midstream currently has a consensus rating of “Hold” and a consensus target price of $117.46.

DT Midstream Stock Up 1.4%

Shares of DTM opened at $115.22 on Thursday. DT Midstream, Inc. has a fifty-two week low of $83.30 and a fifty-two week high of $117.12. The company’s fifty day moving average is $110.75 and its two-hundred day moving average is $106.34. The firm has a market cap of $11.71 billion, a PE ratio of 29.10, a price-to-earnings-growth ratio of 2.22 and a beta of 0.77. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.69.

DT Midstream (NYSE:DTM) last released its quarterly earnings data on Thursday, October 30th. The company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.10. The business had revenue of $314.00 million during the quarter, compared to the consensus estimate of $309.21 million. DT Midstream had a return on equity of 8.83% and a net margin of 34.30%.During the same period in the prior year, the firm posted $0.90 EPS. DT Midstream has set its FY 2025 guidance at 4.150-4.450 EPS. Analysts forecast that DT Midstream, Inc. will post 3.8 earnings per share for the current year.

DT Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be paid a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, December 15th. DT Midstream’s payout ratio is currently 82.83%.

About DT Midstream

DT Midstream, Inc, together with its subsidiaries, provides integrated natural gas services in the United States. The company operates through two segments, Pipeline and Gathering. The Pipeline segment owns and operates interstate and intrastate natural gas pipelines, storage systems, and natural gas gathering lateral pipelines.