California State Teachers Retirement System Has $2.49 Billion Holdings in DT Midstream, Inc. $DTM

California State Teachers Retirement System boosted its holdings in shares of DT Midstream, Inc. (NYSE:DTM) by 13,950.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,938,492 shares of the company’s stock after acquiring an additional 16,817,941 shares during the period. California State Teachers Retirement System owned approximately 0.17% of DT Midstream worth $2,485,554,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Deutsche Bank AG increased its stake in DT Midstream by 6.9% during the 4th quarter. Deutsche Bank AG now owns 3,090,365 shares of the company’s stock worth $369,855,000 after purchasing an additional 200,114 shares in the last quarter. Eventide Asset Management LLC raised its holdings in DT Midstream by 115.4% during the 4th quarter. Eventide Asset Management LLC now owns 394,724 shares of the company’s stock worth $47,266,000 after buying an additional 211,471 shares during the period. Walleye Capital LLC acquired a new stake in DT Midstream during the 1st quarter worth approximately $1,669,000. First Trust Advisors LP lifted its stake in DT Midstream by 5.7% in the first quarter. First Trust Advisors LP now owns 350,989 shares of the company’s stock valued at $47,268,000 after buying an additional 18,843 shares in the last quarter. Finally, Moore Capital Management LP bought a new position in DT Midstream in the fourth quarter valued at approximately $11,968,000. 81.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Wolfe Research raised shares of DT Midstream from a “peer perform” rating to an “outperform” rating and set a $145.00 price objective for the company in a research report on Wednesday, August 26th. Mizuho dropped their price objective on shares of DT Midstream from $153.00 to $147.00 and set a “neutral” rating on the stock in a report on Friday, July 31st. Wall Street Zen cut shares of DT Midstream from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. Scotiabank reduced their target price on shares of DT Midstream from $176.00 to $168.00 and set a “sector outperform” rating for the company in a research note on Thursday. Finally, Jefferies Financial Group set a $155.00 target price on DT Midstream in a report on Friday, July 31st. Ten research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, DT Midstream currently has a consensus rating of “Moderate Buy” and a consensus target price of $152.86.

DT Midstream Trading Down 0.4%

NYSE:DTM opened at $129.62 on Friday. DT Midstream, Inc. has a twelve month low of $104.25 and a twelve month high of $152.88. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.68. The business has a 50 day moving average price of $136.74 and a two-hundred day moving average price of $139.09. The company has a market cap of $13.22 billion, a P/E ratio of 28.36, a price-to-earnings-growth ratio of 3.66 and a beta of 0.70.

DT Midstream (NYSE:DTM) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.08). DT Midstream had a return on equity of 9.58% and a net margin of 35.72%.The business had revenue of $332.57 million for the quarter, compared to the consensus estimate of $325.84 million. During the same period in the prior year, the business earned $1.04 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. As a group, analysts expect that DT Midstream, Inc. will post 4.55 EPS for the current fiscal year.

DT Midstream Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Monday, September 21st will be given a $0.88 dividend. The ex-dividend date of this dividend is Monday, September 21st. This represents a $3.52 dividend on an annualized basis and a yield of 2.7%. DT Midstream’s dividend payout ratio (DPR) is 77.02%.

DT Midstream Company Profile

DT Midstream, Inc (NYSE: DTM) is an independent energy infrastructure company that develops, owns and operates natural gas transportation, storage and gathering assets. Its business is primarily supported by long-term, fee-based agreements that connect natural gas producers, utilities, power generators and other customers to major markets.

The company’s operations include interstate and intrastate pipeline systems, natural gas gathering networks and storage facilities. Its portfolio includes assets such as the Blue Union and Guardian pipeline systems, Midwestern Gas Transmission, and other infrastructure serving production and consumption areas in the Midwestern and Southern United States, including the Gulf Coast and Haynesville region.