California State Teachers Retirement System Has $16.23 Million Stake in DT Midstream, Inc. $DTM

Key Points

• California State Teachers Retirement System increased its DT Midstream stake by 26.3% in the first quarter, owning 120,551 shares valued at approximately $16.23 million. Institutional investors and hedge funds collectively hold 81.53% of the company.
• Analysts maintain a consensus “Moderate Buy” rating with a $154.08 price target, compared with DT Midstream’s reported share price of $138.13.
• DT Midstream reported quarterly revenue of $332.57 million, beating estimates, but EPS of $1.09 missed expectations of $1.17. The company also declared a quarterly dividend of $0.88 per share, representing an annualized $3.52 payout and an approximately 2.5% yield.

California State Teachers Retirement System raised its stake in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) by 26.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 120,551 shares of the company's stock after purchasing an additional 25,099 shares during the period. California State Teachers Retirement System owned 0.12% of DT Midstream worth $16,235,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Royal Bank of Canada increased its stake in shares of DT Midstream by 2.2% in the first quarter. Royal Bank of Canada now owns 95,701 shares of the company's stock valued at $12,889,000 after buying an additional 2,104 shares during the period. Recurrent Investment Advisors LLC lifted its stake in shares of DT Midstream by 0.4% in the first quarter. Recurrent Investment Advisors LLC now owns 355,156 shares of the company's stock worth $47,829,000 after acquiring an additional 1,370 shares during the period. Empowered Funds LLC bought a new stake in DT Midstream in the first quarter valued at approximately $311,000. Energy Income Partners LLC boosted its holdings in DT Midstream by 1.0% in the first quarter. Energy Income Partners LLC now owns 429,858 shares of the company's stock valued at $57,889,000 after acquiring an additional 4,189 shares during the last quarter. Finally, Quantinno Capital Management LP increased its position in DT Midstream by 7.2% during the 1st quarter. Quantinno Capital Management LP now owns 49,067 shares of the company's stock valued at $6,608,000 after purchasing an additional 3,307 shares during the period. 81.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Raymond James Financial restated an "outperform" rating and set a $158.00 price target on shares of DT Midstream in a report on Thursday, April 30th. Citigroup upped their price objective on shares of DT Midstream from $156.00 to $169.00 and gave the company a "buy" rating in a research note on Monday, May 4th. Mizuho decreased their price objective on shares of DT Midstream from $153.00 to $147.00 and set a "neutral" rating for the company in a research report on Friday. The Goldman Sachs Group boosted their target price on shares of DT Midstream from $111.00 to $127.00 and gave the company a "sell" rating in a report on Monday, April 20th. Finally, Wall Street Zen cut shares of DT Midstream from a "hold" rating to a "sell" rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $154.08.

DT Midstream Stock Up 0.1%

Shares of NYSE:DTM opened at $138.13 on Monday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.37 and a current ratio of 1.37. DT Midstream, Inc. has a 52-week low of $99.81 and a 52-week high of $152.88. The business's 50 day simple moving average is $143.79 and its two-hundred day simple moving average is $137.94. The firm has a market cap of $14.09 billion, a P/E ratio of 30.23, a PEG ratio of 3.02 and a beta of 0.72.

DT Midstream (NYSE:DTM - Get Free Report) last released its quarterly earnings data 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 analyst estimates of $325.84 million. During the same quarter in the previous year, the company posted $1.04 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. As a group, research analysts forecast that DT Midstream, Inc. will post 4.73 EPS for the current fiscal year.

DT Midstream Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Monday, September 21st will be issued a dividend of $0.88 per share. 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 2.5%. DT Midstream's dividend payout ratio is 77.88%.

More DT Midstream News

Here are the key news stories impacting DT Midstream this week:

• Positive Sentiment: DT Midstream reported second-quarter adjusted EBITDA of $305 million and revenue of $332.57 million, exceeding analysts’ $325.84 million estimate. Net income was $112 million, or $1.09 per diluted share, up from $1.04 a year earlier. DT Midstream Reports Strong Second Quarter 2026 Results
• Positive Sentiment: The company declared a quarterly dividend of $0.88 per share, equivalent to approximately $3.52 annually and a 2.6% yield. Investors of record on September 21 will receive payment on October 15.
• Positive Sentiment: US Capital Advisors modestly raised its long-term EPS forecasts to $5.24 for fiscal 2027 and $5.55 for fiscal 2028, indicating expectations for continued earnings growth beyond 2026.
• Neutral Sentiment: Mizuho lowered its price target from $153 to $147 and assigned a “neutral” rating. The revised target still implies upside from the reported $138.13 share price, but the reduction signals less near-term appreciation potential.
• Negative Sentiment: Quarterly EPS of $1.09 fell short of the $1.17 consensus estimate by $0.08, despite the revenue beat. This earnings shortfall may weigh on the stock’s valuation.
• Negative Sentiment: Fiscal 2026 EPS guidance of $4.42–$4.82 has a midpoint of $4.62, below the approximately $4.78 analyst consensus, suggesting limited near-term earnings upside.

DT Midstream Company 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.

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