Maryland State Retirement & Pension System Sells 4,153 Shares of DT Midstream, Inc. $DTM

Maryland State Retirement & Pension System lessened its position in DT Midstream, Inc. (NYSE:DTM) by 4.1% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 96,476 shares of the company’s stock after selling 4,153 shares during the period. Maryland State Retirement & Pension System owned approximately 0.09% of DT Midstream worth $12,992,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of DT Midstream from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. JPMorgan Chase & Co. upped their target price on shares of DT Midstream from $146.00 to $154.00 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. The Goldman Sachs Group raised their price target on shares of DT Midstream from $111.00 to $127.00 and gave the company a “sell” rating in a research report on Monday, April 20th. Raymond James Financial reissued an “outperform” rating and set a $158.00 price objective on shares of DT Midstream in a report on Thursday, April 30th. Finally, Barclays increased their price objective on DT Midstream from $141.00 to $143.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. One research 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $155.23.

DT Midstream Trading Up 1.6%

NYSE:DTM opened at $148.46 on Wednesday. DT Midstream, Inc. has a 52 week low of $98.06 and a 52 week high of $152.88. The firm has a 50-day moving average price of $145.09 and a two-hundred day moving average price of $135.88. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market cap of $15.14 billion, a price-to-earnings ratio of 32.85, a price-to-earnings-growth ratio of 3.18 and a beta of 0.71.

DT Midstream (NYSE:DTM) last announced its earnings results on Thursday, April 30th. The company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.16. The firm had revenue of $336.00 million for the quarter, compared to the consensus estimate of $313.65 million. DT Midstream had a return on equity of 9.53% and a net margin of 36.28%.During the same quarter in the previous year, the business earned $1.06 EPS. 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 4.75 earnings per share for the current fiscal year.

DT Midstream Dividend Announcement

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 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 dividend yield of 2.4%. DT Midstream’s dividend payout ratio (DPR) is currently 77.88%.

DT Midstream Company 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.