North Dakota State Investment Board Takes $429,000 Position in DT Midstream, Inc. $DTM

North Dakota State Investment Board purchased a new position in shares of DT Midstream, Inc. (NYSE:DTM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,585 shares of the company’s stock, valued at approximately $429,000.

Other institutional investors have also modified their holdings of the company. Nordea Investment Management AB purchased a new stake in shares of DT Midstream during the 4th quarter worth approximately $1,371,000. JPMorgan Chase & Co. boosted its stake in shares of DT Midstream by 7.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 871,636 shares of the company’s stock worth $98,538,000 after acquiring an additional 63,438 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of DT Midstream by 76.7% during the 3rd quarter. Principal Financial Group Inc. now owns 500,329 shares of the company’s stock worth $56,568,000 after acquiring an additional 217,185 shares in the last quarter. Bahl & Gaynor Inc. boosted its stake in shares of DT Midstream by 2.5% during the 3rd quarter. Bahl & Gaynor Inc. now owns 568,445 shares of the company’s stock worth $64,268,000 after acquiring an additional 14,127 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of DT Midstream by 139.8% during the 4th quarter. SG Americas Securities LLC now owns 62,986 shares of the company’s stock worth $7,538,000 after acquiring an additional 36,722 shares in the last quarter. Hedge funds and other institutional investors own 81.53% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on DTM shares. Stifel Nicolaus set a $137.00 price target on DT Midstream and gave the stock a “hold” rating in a research note on Monday, February 23rd. Weiss Ratings lowered DT Midstream from a “buy (a)” rating to a “buy (a-)” rating in a research note on Wednesday. Raymond James Financial restated an “outperform” rating and set a $158.00 target price on shares of DT Midstream in a research report on Thursday, April 30th. Citigroup lifted their target price on shares of DT Midstream from $156.00 to $169.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Finally, Morgan Stanley lifted their target price on shares of DT Midstream from $165.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $152.67.

Insider Transactions at DT Midstream

In other DT Midstream news, CFO Jeffrey A. Jewell bought 185 shares of the business’s stock in a transaction on Wednesday, February 25th. The stock was bought at an average price of $136.33 per share, for a total transaction of $25,221.05. Following the completion of the transaction, the chief financial officer owned 89,583 shares in the company, valued at approximately $12,212,850.39. The trade was a 0.21% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.54% of the company’s stock.

DT Midstream Stock Performance

Shares of DTM opened at $151.23 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.68. The stock has a market cap of $15.43 billion, a P/E ratio of 33.46, a PEG ratio of 2.98 and a beta of 0.75. The company has a 50-day moving average of $138.50 and a two-hundred day moving average of $128.75. DT Midstream, Inc. has a 12-month low of $98.06 and a 12-month high of $151.79.

DT Midstream (NYSE:DTM) last announced its earnings results on Thursday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.16. The company had revenue of $336.00 million during the quarter, compared to analysts’ expectations of $313.65 million. DT Midstream had a net margin of 36.28% and a return on equity of 9.53%. During the same quarter in the previous year, the business posted $1.06 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. As a group, research analysts predict that DT Midstream, Inc. will post 4.8 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. Shareholders of record on Monday, June 15th will be given a dividend of $0.88 per share. The ex-dividend date is Monday, June 15th. This represents a $3.52 dividend on an annualized basis and a yield of 2.3%. DT Midstream’s payout ratio is presently 77.88%.

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.