DT Midstream, Inc. $DTM Stock Holdings Increased by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its position in DT Midstream, Inc. (NYSE:DTM) by 3.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 54,988 shares of the company’s stock after buying an additional 1,929 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.05% of DT Midstream worth $6,044,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of DT Midstream in the 1st quarter worth approximately $25,000. Twin Tree Management LP bought a new position in DT Midstream during the first quarter worth $29,000. Trust Co. of Toledo NA OH acquired a new stake in shares of DT Midstream during the second quarter worth $38,000. Geneos Wealth Management Inc. raised its holdings in shares of DT Midstream by 39.3% during the first quarter. Geneos Wealth Management Inc. now owns 436 shares of the company’s stock worth $42,000 after purchasing an additional 123 shares during the period. Finally, Bessemer Group Inc. raised its holdings in shares of DT Midstream by 44.0% during the first quarter. Bessemer Group Inc. now owns 442 shares of the company’s stock worth $43,000 after purchasing an additional 135 shares during the period. Institutional investors and hedge funds own 81.53% of the company’s stock.

DT Midstream Trading Up 3.1%

NYSE:DTM opened at $109.76 on Friday. DT Midstream, Inc. has a 1 year low of $83.30 and a 1 year high of $115.80. The stock has a market cap of $11.15 billion, a price-to-earnings ratio of 29.43, a PEG ratio of 2.30 and a beta of 0.78. The business has a fifty day moving average of $108.14 and a 200-day moving average of $104.70. 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 posted its quarterly earnings data on Thursday, October 30th. The company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.10. DT Midstream had a net margin of 33.90% and a return on equity of 8.48%. The business had revenue of $309.16 million during the quarter, compared to the consensus estimate of $309.21 million. During the same quarter in the prior year, the company posted $0.90 earnings per share. DT Midstream has set its FY 2025 guidance at 4.150-4.450 EPS. Equities analysts predict that DT Midstream, Inc. will post 3.8 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on DTM shares. Barclays boosted their price objective on shares of DT Midstream from $103.00 to $114.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 8th. Mizuho lifted their target price on DT Midstream from $105.00 to $108.00 and gave the company a “neutral” rating in a research note on Friday, August 29th. Citigroup raised their price target on DT Midstream from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. UBS Group raised their price target on DT Midstream from $115.00 to $128.00 and gave the stock a “buy” rating in a report on Friday, October 3rd. Finally, Stifel Nicolaus set a $119.00 target price on DT Midstream in a research report on Tuesday, October 14th. Seven 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 company. Based on data from MarketBeat, DT Midstream presently has a consensus rating of “Hold” and an average target price of $115.08.

Insider Activity at DT Midstream

In related news, VP Melissa Cox sold 4,755 shares of the firm’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $104.47, for a total transaction of $496,754.85. Following the transaction, the vice president owned 5,171 shares in the company, valued at $540,214.37. This trade represents a 47.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.34% of the stock is owned by corporate insiders.

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.