Commonwealth of Pennsylvania Public School Empls Retrmt SYS Raises Stake in DT Midstream, Inc. $DTM

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in DT Midstream, Inc. (NYSE:DTM) by 7.8% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 26,102 shares of the company’s stock after buying an additional 1,881 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in DT Midstream were worth $2,869,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Twin Tree Management LP purchased a new stake in DT Midstream during the 1st quarter valued at approximately $29,000. Parkside Financial Bank & Trust increased its holdings in shares of DT Midstream by 138.2% in the second quarter. Parkside Financial Bank & Trust now owns 312 shares of the company’s stock valued at $34,000 after purchasing an additional 181 shares during the period. Trust Co. of Toledo NA OH purchased a new stake in shares of DT Midstream during the second quarter worth approximately $38,000. Geneos Wealth Management Inc. raised its stake 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 last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of DT Midstream during the first quarter worth $81,000. Institutional investors and hedge funds own 81.53% of the company’s stock.

Analysts Set New Price Targets

DTM has been the topic of several recent research reports. Weiss Ratings reissued a “buy (b)” rating on shares of DT Midstream in a research note on Wednesday, October 8th. Jefferies Financial Group initiated coverage on shares of DT Midstream in a research note on Monday, November 3rd. They set a “buy” rating and a $125.00 price target on the stock. UBS Group raised their price objective on shares of DT Midstream from $115.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Barclays lifted their price objective on DT Midstream from $103.00 to $114.00 and gave the company an “equal weight” rating in a report on Wednesday, October 8th. Finally, Morgan Stanley increased their target price on DT Midstream from $126.00 to $137.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 12th. Eight equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $117.46.

DT Midstream Trading Up 1.4%

Shares of DTM opened at $115.22 on Thursday. DT Midstream, Inc. has a twelve month low of $83.30 and a twelve month high of $117.12. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $11.71 billion, a P/E ratio of 29.10, a PEG ratio of 2.22 and a beta of 0.77. The firm’s 50-day moving average is $110.75 and its two-hundred day moving average is $106.34.

DT Midstream (NYSE:DTM) last announced its quarterly earnings results on Thursday, October 30th. The company reported $1.13 EPS for the quarter, topping the consensus estimate of $1.03 by $0.10. The business had revenue of $314.00 million for the quarter, compared to analyst estimates of $309.21 million. DT Midstream had a return on equity of 8.83% and a net margin of 34.30%.During the same quarter in the previous year, the company earned $0.90 EPS. DT Midstream has set its FY 2025 guidance at 4.150-4.450 EPS. On average, research analysts predict that DT Midstream, Inc. will post 3.8 earnings per share for the current fiscal year.

DT Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, December 15th will be issued a $0.82 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $3.28 annualized dividend and a yield of 2.8%. DT Midstream’s dividend payout ratio is 82.83%.

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.