New York State Teachers Retirement System Sells 17,480 Shares of DT Midstream, Inc. $DTM

New York State Teachers Retirement System cut its holdings in shares of DT Midstream, Inc. (NYSE:DTM) by 16.2% in the 1st quarter, HoldingsChannel reports. The firm owned 90,621 shares of the company’s stock after selling 17,480 shares during the quarter. New York State Teachers Retirement System’s holdings in DT Midstream were worth $12,204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in DTM. V Square Quantitative Management LLC purchased a new stake in DT Midstream during the fourth quarter worth about $28,000. Richardson Financial Services Inc. boosted its stake in DT Midstream by 62.7% in the fourth 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 last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in DT Midstream in the fourth quarter valued at about $30,000. Commonwealth Retirement Investments LLC bought a new position in shares of DT Midstream during the 4th quarter valued at approximately $36,000. Finally, WFA of San Diego LLC purchased a new stake in shares of DT Midstream during the 2nd quarter worth approximately $33,000. 81.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on DTM shares. Weiss Ratings raised shares of DT Midstream from a “buy (a-)” rating to a “buy (a)” rating in a report on Thursday, June 4th. The Goldman Sachs Group raised their target price on DT Midstream from $111.00 to $127.00 and gave the stock a “sell” rating in a research report on Monday, April 20th. Morgan Stanley upped their price target on DT Midstream from $165.00 to $170.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 12th. Wall Street Zen raised DT Midstream from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Wells Fargo & Company boosted their price objective on DT Midstream from $150.00 to $165.00 and gave the company an “overweight” rating in a research note on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, DT Midstream has an average rating of “Moderate Buy” and an average target price of $154.46.

DT Midstream Stock Up 0.0%

DTM opened at $144.66 on Monday. DT Midstream, Inc. has a 12 month low of $98.06 and a 12 month high of $152.88. The company has a market cap of $14.76 billion, a PE ratio of 32.00, a price-to-earnings-growth ratio of 3.15 and a beta of 0.71. 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 company has a 50 day moving average of $144.13 and a 200 day moving average of $134.55.

DT Midstream (NYSE:DTM) last issued its earnings results on Thursday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.16. The business had revenue of $336.00 million for 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 firm posted $1.06 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. On average, sell-side analysts expect that DT Midstream, Inc. will post 4.75 EPS for the current year.

DT Midstream Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th will be given a $0.88 dividend. The ex-dividend date is Monday, June 15th. This represents a $3.52 annualized dividend and a dividend yield of 2.4%. DT Midstream’s payout ratio is 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.