Strs Ohio Invests $2.34 Million in DT Midstream, Inc. $DTM

Strs Ohio purchased a new position in shares of DT Midstream, Inc. (NYSE:DTM) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 24,224 shares of the company’s stock, valued at approximately $2,337,000.

Other institutional investors also recently modified their holdings of the company. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of DT Midstream during the 1st quarter worth $25,000. Alpine Bank Wealth Management acquired a new position in shares of DT Midstream during the 1st quarter worth $26,000. Twin Tree Management LP acquired a new position in shares of DT Midstream during the 1st quarter worth $29,000. Geneos Wealth Management Inc. raised its holdings in shares of DT Midstream by 39.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 436 shares of the company’s stock worth $42,000 after buying an additional 123 shares in the last quarter. Finally, Bessemer Group Inc. raised its holdings in shares of DT Midstream by 44.0% during the 1st quarter. Bessemer Group Inc. now owns 442 shares of the company’s stock worth $43,000 after buying an additional 135 shares in the last quarter. Institutional investors and hedge funds own 81.53% of the company’s stock.

Insider Buying and Selling

In other DT Midstream news, VP Melissa Cox sold 4,755 shares of the firm’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $104.47, for a total value of $496,754.85. Following the completion of the sale, the vice president owned 5,171 shares of the company’s stock, valued at approximately $540,214.37. This trade represents a 47.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.34% of the company’s stock.

DT Midstream Trading Down 0.9%

Shares of DT Midstream stock opened at $106.33 on Tuesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.88 and a current ratio of 0.88. DT Midstream, Inc. has a 52 week low of $76.12 and a 52 week high of $114.50. The stock has a 50 day moving average price of $103.29 and a two-hundred day moving average price of $101.09. The stock has a market capitalization of $10.80 billion, a PE ratio of 28.51, a price-to-earnings-growth ratio of 2.35 and a beta of 0.77.

DT Midstream (NYSE:DTM) last announced its quarterly earnings data on Thursday, July 31st. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. DT Midstream had a return on equity of 8.48% and a net margin of 33.90%.The firm had revenue of $299.00 million during the quarter, compared to analysts’ expectations of $295.70 million. During the same quarter last year, the firm posted $0.98 earnings per share. DT Midstream has set its FY 2025 guidance at 4.050-4.450 EPS. As a group, equities analysts anticipate that DT Midstream, Inc. will post 3.8 earnings per share for the current fiscal year.

DT Midstream Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Monday, September 15th. DT Midstream’s dividend payout ratio (DPR) is 87.94%.

Analyst Ratings Changes

A number of equities analysts have recently commented on DTM shares. Stifel Nicolaus upped their target price on DT Midstream from $102.00 to $108.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Mizuho upped their target price on DT Midstream from $105.00 to $108.00 and gave the stock a “neutral” rating in a report on Friday, August 29th. Wells Fargo & Company upped their target price on DT Midstream from $108.00 to $117.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Morgan Stanley upped their target price on DT Midstream from $113.00 to $118.00 and gave the stock an “underweight” rating in a report on Wednesday, August 6th. Finally, Barclays upped their target price on DT Midstream from $102.00 to $103.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 20th. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $110.67.

About DT Midstream

DT Midstream, Inc, together with its subsidiaries, provides integrated natural gas services in the United States. The company operates through two segments, Pipeline and Gathering. The Pipeline segment owns and operates interstate and intrastate natural gas pipelines, storage systems, and natural gas gathering lateral pipelines.