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) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,585 shares of the company’s stock, valued at approximately $429,000.

Other large investors have also recently bought and sold shares of the company. Nordea Investment Management AB acquired a new stake in DT Midstream during the 4th quarter worth $1,371,000. JPMorgan Chase & Co. boosted its stake in 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 purchasing an additional 63,438 shares during the period. Principal Financial Group Inc. boosted its stake in 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 purchasing an additional 217,185 shares during the period. Bahl & Gaynor Inc. boosted its stake in 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 purchasing an additional 14,127 shares during the period. Finally, SG Americas Securities LLC boosted its stake in 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 purchasing an additional 36,722 shares during the period. Institutional investors and hedge funds own 81.53% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. The Goldman Sachs Group increased their price target on shares of DT Midstream from $111.00 to $127.00 and gave the stock a “sell” rating in a research note on Monday, April 20th. Wells Fargo & Company increased their price target on shares of DT Midstream from $150.00 to $165.00 and gave the stock an “overweight” rating in a research note on Friday, March 13th. Citigroup increased their price target on shares of DT Midstream from $156.00 to $169.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. UBS Group upped their price objective on shares of DT Midstream from $152.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Finally, Weiss Ratings cut shares of DT Midstream from a “buy (a)” rating to a “buy (a-)” rating in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $152.67.

Insider Activity

In other news, CFO Jeffrey A. Jewell purchased 185 shares of the company’s stock in a transaction dated Wednesday, February 25th. The shares were acquired at an average cost of $136.33 per share, for a total transaction of $25,221.05. Following the completion of the purchase, the chief financial officer directly owned 89,583 shares in the company, valued at $12,212,850.39. The trade was a 0.21% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.54% of the stock is currently owned by company insiders.

DT Midstream Trading Up 1.3%

Shares of DT Midstream stock opened at $151.23 on Friday. DT Midstream, Inc. has a 52-week low of $98.06 and a 52-week high of $151.79. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.68. The company’s 50-day simple moving average is $138.50 and its 200-day simple moving average is $128.75. The firm has a market cap of $15.43 billion, a price-to-earnings ratio of 33.46, a price-to-earnings-growth ratio of 2.98 and a beta of 0.75.

DT Midstream (NYSE:DTM) last issued its quarterly 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. DT Midstream had a net margin of 36.28% and a return on equity of 9.53%. The business had revenue of $336.00 million for the quarter, compared to analyst estimates of $313.65 million. During the same period 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, equities research analysts anticipate that DT Midstream, Inc. will post 4.8 earnings per share for the current year.

DT Midstream Announces Dividend

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