Louisiana State Employees Retirement System Buys Shares of 29,500 DT Midstream, Inc. $DTM

Louisiana State Employees Retirement System bought a new position in shares of DT Midstream, Inc. (NYSE:DTM) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 29,500 shares of the company’s stock, valued at approximately $3,973,000.

A number of other institutional investors and hedge funds also recently modified their holdings of DTM. Deutsche Bank AG boosted its stake in DT Midstream by 6.9% during the 4th quarter. Deutsche Bank AG now owns 3,090,365 shares of the company’s stock worth $369,855,000 after acquiring an additional 200,114 shares during the last quarter. 59 North Capital Management LP increased its stake in DT Midstream by 49.0% in the third quarter. 59 North Capital Management LP now owns 3,074,081 shares of the company’s stock valued at $347,556,000 after purchasing an additional 1,010,965 shares in the last quarter. Tortoise Capital Advisors L.L.C. raised its holdings in DT Midstream by 10.6% in the fourth quarter. Tortoise Capital Advisors L.L.C. now owns 2,980,945 shares of the company’s stock worth $356,759,000 after purchasing an additional 285,770 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of DT Midstream by 3.9% during the third quarter. Dimensional Fund Advisors LP now owns 2,668,447 shares of the company’s stock worth $301,695,000 after purchasing an additional 99,602 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of DT Midstream by 4.6% in the 4th quarter. Geode Capital Management LLC now owns 2,407,612 shares of the company’s stock valued at $288,191,000 after buying an additional 106,533 shares during the period. 81.53% of the stock is owned by institutional investors.

DT Midstream Price Performance

DTM stock opened at $150.61 on Friday. The stock has a 50-day moving average price of $142.79 and a two-hundred day moving average price of $133.54. The stock has a market cap of $15.36 billion, a PE ratio of 33.32, a price-to-earnings-growth ratio of 3.29 and a beta of 0.72. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.68. DT Midstream, Inc. has a 1 year low of $98.06 and a 1 year high of $152.88.

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

DT Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $3.52 annualized dividend and a yield of 2.3%. DT Midstream’s payout ratio is 77.88%.

Analyst Ratings Changes

Several analysts recently commented on the company. Mizuho raised their price objective on DT Midstream from $129.00 to $153.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Barclays increased their price target on DT Midstream from $141.00 to $143.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. JPMorgan Chase & Co. raised their price target on DT Midstream from $126.00 to $142.00 and gave the stock a “neutral” rating in a research report on Thursday, March 5th. Wall Street Zen upgraded DT Midstream from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Raymond James Financial reissued an “outperform” rating and set a $158.00 target price on shares of DT Midstream in a research note on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $154.46.

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.