DT Midstream, Inc. $DTM Shares Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio increased its position in shares of DT Midstream, Inc. (NYSE:DTM) by 1.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,462 shares of the company’s stock after purchasing an additional 650 shares during the period. Public Employees Retirement System of Ohio owned 0.06% of DT Midstream worth $6,645,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in DTM. Vanguard Group Inc. raised its stake in DT Midstream by 5.9% during the 1st quarter. Vanguard Group Inc. now owns 11,174,965 shares of the company’s stock worth $1,078,161,000 after acquiring an additional 621,183 shares in the last quarter. Tortoise Capital Advisors L.L.C. increased its position in DT Midstream by 21.8% in the 1st quarter. Tortoise Capital Advisors L.L.C. now owns 1,582,833 shares of the company’s stock valued at $152,712,000 after acquiring an additional 282,870 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in DT Midstream by 11.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,236,800 shares of the company’s stock valued at $119,326,000 after acquiring an additional 131,138 shares during the last quarter. Northern Trust Corp raised its position in DT Midstream by 8.9% during the 1st quarter. Northern Trust Corp now owns 1,156,867 shares of the company’s stock worth $111,615,000 after buying an additional 94,470 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of DT Midstream by 0.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,148,324 shares of the company’s stock valued at $110,790,000 after buying an additional 5,218 shares during the period. Hedge funds and other institutional investors own 81.53% of the company’s stock.

Insider Buying and Selling at DT Midstream

In other news, VP Melissa Cox sold 4,755 shares of the stock in a transaction dated 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 in the company, valued at approximately $540,214.37. This trade represents a 47.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.34% of the stock is owned by insiders.

DT Midstream Stock Up 2.1%

Shares of NYSE:DTM opened at $113.48 on Monday. The stock has a 50-day simple moving average of $104.30 and a 200-day simple moving average of $102.19. The stock has a market capitalization of $11.53 billion, a P/E ratio of 30.42, a PEG ratio of 2.48 and a beta of 0.77. DT Midstream, Inc. has a 1 year low of $76.91 and a 1 year high of $114.50. 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 (NYSE:DTM) last announced its quarterly earnings results on Thursday, July 31st. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. DT Midstream had a net margin of 33.90% and a return on equity of 8.48%. The firm had revenue of $299.00 million for the quarter, compared to analysts’ expectations of $295.70 million. During the same period in the previous year, the company posted $0.98 earnings per share. DT Midstream has set its FY 2025 guidance at 4.050-4.450 EPS. Equities analysts forecast that DT Midstream, Inc. will post 3.8 earnings per share for the current year.

DT Midstream Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be given a $0.82 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $3.28 annualized dividend and a dividend yield of 2.9%. DT Midstream’s dividend payout ratio is presently 87.94%.

Analyst Ratings Changes

A number of brokerages recently weighed in on DTM. Mizuho upped their price objective 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 boosted their price objective on shares of DT Midstream from $108.00 to $117.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Morgan Stanley raised their target price on shares of DT Midstream from $113.00 to $118.00 and gave the company an “underweight” rating in a report on Wednesday, August 6th. Finally, Stifel Nicolaus lifted their target price on shares of DT Midstream from $102.00 to $108.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $110.67.

DT Midstream Company Profile

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.