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

Key Points

• California State Teachers Retirement System increased its DT Midstream position by 13,950.9% in the second quarter, holding 16.94 million shares worth approximately $2.49 billion, or 16.6% of the company. Institutional investors collectively own 81.53% of DT Midstream.
• DT Midstream reported quarterly EPS of $1.09, below the $1.17 consensus estimate, although revenue of $332.57 million exceeded expectations. The company maintained fiscal 2026 EPS guidance of $4.42–$4.82.
• The company declared a quarterly dividend of $0.88, equivalent to a $3.52 annualized payout and a 2.7% yield. Analysts have a “Moderate Buy” consensus rating with an average price target of $152.86, versus a recent share price of $129.62.

California State Teachers Retirement System lifted its position in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) by 13,950.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,938,492 shares of the company's stock after acquiring an additional 16,817,941 shares during the quarter. California State Teachers Retirement System owned approximately 16.60% of DT Midstream worth $2,485,554,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. HB Wealth Management LLC increased its position in DT Midstream by 7.5% in the second quarter. HB Wealth Management LLC now owns 5,376 shares of the company's stock worth $789,000 after purchasing an additional 375 shares during the period. AlphaGrep UK Ltd bought a new stake in DT Midstream during the 2nd quarter worth about $317,000. Highland Investment Advisors LLC acquired a new position in DT Midstream during the 2nd quarter valued at about $147,000. Hopwood Nicholas Hunter acquired a new position in DT Midstream during the 2nd quarter valued at about $766,000. Finally, Concurrent Investment Advisors LLC boosted its stake in shares of DT Midstream by 73.3% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 3,002 shares of the company's stock valued at $441,000 after purchasing an additional 1,270 shares during the last quarter. Institutional investors and hedge funds own 81.53% of the company's stock.

DT Midstream Price Performance

Shares of DTM opened at $129.62 on Friday. The stock 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, Inc. has a 1 year low of $104.25 and a 1 year high of $152.88. The stock's 50-day moving average price is $136.74 and its two-hundred day moving average price is $139.09. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.68.

DT Midstream (NYSE:DTM - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.09 EPS for the quarter, missing analysts' consensus estimates of $1.17 by ($0.08). The company had revenue of $332.57 million during the quarter, compared to the consensus estimate of $325.84 million. DT Midstream had a net margin of 35.72% and a return on equity of 9.58%. During the same period last year, the company earned $1.04 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. On average, equities analysts predict that DT Midstream, Inc. will post 4.55 earnings per share for the current year.

DT Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Monday, September 21st will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Monday, September 21st. DT Midstream's dividend payout ratio is presently 77.02%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DTM. Mizuho lowered their price target 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, July 31st. Weiss Ratings lowered shares of DT Midstream from a "buy (b+)" rating to a "buy (b)" rating in a report on Friday, August 21st. UBS Group raised their price objective on shares of DT Midstream from $152.00 to $170.00 and gave the company a "buy" rating in a research note on Friday, May 15th. Morgan Stanley raised shares of DT Midstream from an "equal weight" rating to an "overweight" rating and set a $170.00 target price for the company in a report on Wednesday. Finally, Wolfe Research upgraded shares of DT Midstream from a "peer perform" rating to an "outperform" rating and set a $145.00 target price for the company in a research report on Wednesday, August 26th. Ten equities 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 presently has an average rating of "Moderate Buy" and a consensus target price of $152.86.

DT Midstream 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.

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