Maryland State Retirement & Pension System Reduces Stake in DT Midstream, Inc. $DTM

Maryland State Retirement & Pension System reduced its stake in shares of DT Midstream, Inc. (NYSE:DTM) by 4.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 96,476 shares of the company’s stock after selling 4,153 shares during the period. Maryland State Retirement & Pension System’s holdings in DT Midstream were worth $12,992,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Royal Bank of Canada grew its holdings in DT Midstream by 21.6% during the first quarter. Royal Bank of Canada now owns 90,286 shares of the company’s stock valued at $8,711,000 after purchasing an additional 16,043 shares during the period. NewEdge Advisors LLC raised its stake in shares of DT Midstream by 1.6% in the first quarter. NewEdge Advisors LLC now owns 13,631 shares of the company’s stock valued at $1,315,000 after buying an additional 218 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of DT Midstream by 13.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 276,241 shares of the company’s stock valued at $26,652,000 after buying an additional 31,894 shares during the period. Geneos Wealth Management Inc. lifted its position 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 valued at $42,000 after buying an additional 123 shares during the last quarter. Finally, Cresset Asset Management LLC lifted its position in shares of DT Midstream by 2.6% during the 2nd quarter. Cresset Asset Management LLC now owns 6,300 shares of the company’s stock valued at $698,000 after buying an additional 157 shares during the last quarter. Hedge funds and other institutional investors own 81.53% of the company’s stock.

DT Midstream Trading Up 1.6%

Shares of DTM stock opened at $148.46 on Wednesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.26 and a current ratio of 1.26. DT Midstream, Inc. has a 52-week low of $98.06 and a 52-week high of $152.88. The company has a market capitalization of $15.14 billion, a PE ratio of 32.85, a price-to-earnings-growth ratio of 3.18 and a beta of 0.71. The business’s fifty day moving average is $145.09 and its 200 day moving average is $135.88.

DT Midstream (NYSE:DTM) last posted its earnings results on Thursday, April 30th. The company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.11 by $0.16. DT Midstream had a return on equity of 9.53% and a net margin of 36.28%.The business had revenue of $336.00 million during the quarter, compared to analysts’ expectations of $313.65 million. During the same period in the previous year, the business earned $1.06 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. On average, equities research analysts anticipate that DT Midstream, Inc. will post 4.75 EPS for the current fiscal year.

DT Midstream Announces Dividend

The firm 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 dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Monday, June 15th. DT Midstream’s dividend payout ratio (DPR) is 77.88%.

Wall Street Analyst Weigh In

DTM has been the subject of several recent research reports. Scotiabank started coverage on DT Midstream in a report on Tuesday, May 26th. They issued an “outperform” rating and a $176.00 price objective for the company. Morgan Stanley upped their price objective on shares of DT Midstream from $165.00 to $170.00 and gave the company an “equal weight” rating in a report on Tuesday, May 12th. Barclays increased their target price on shares of DT Midstream from $141.00 to $143.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Raymond James Financial reiterated an “outperform” rating and issued a $158.00 target price on shares of DT Midstream in a research note on Thursday, April 30th. Finally, Jefferies Financial Group restated a “buy” rating and set a $164.00 price target on shares of DT Midstream in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $155.23.

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.