New York State Teachers Retirement System Trims Holdings in DT Midstream, Inc. $DTM

Key Points

• New York State Teachers Retirement System trimmed its stake in DT Midstream by 9.8% in Q4, selling 11,755 shares and ending the period with 108,101 shares (about 0.11% of the company, valued at $12.94M).
• DT Midstream beat Q1 expectations, reporting $1.27 EPS vs. $1.11 consensus and $336M in revenue, and set FY‑2026 guidance of $4.420–4.820 EPS while outlining a Vector pipeline expansion to add ~400 MMcf/d by Q4 2028 with $400–$440M of committed capital for 2026–27.
• Dividend and market view: the board declared a $0.88 quarterly dividend (annualized $3.52, ~2.4% yield), and analysts' consensus is a "Hold" with an average price target of $147.67 while the stock trades near $147.70.

New York State Teachers Retirement System lessened its holdings in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) by 9.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 108,101 shares of the company's stock after selling 11,755 shares during the period. New York State Teachers Retirement System owned about 0.11% of DT Midstream worth $12,938,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of DTM. Nordea Investment Management AB bought a new position in DT Midstream in the 4th quarter worth $1,371,000. JPMorgan Chase & Co. raised its holdings in DT Midstream by 7.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 871,636 shares of the company's stock worth $98,538,000 after purchasing an additional 63,438 shares in the last quarter. Miller Howard Investments Inc. NY raised its holdings in DT Midstream by 24.9% in the 3rd quarter. Miller Howard Investments Inc. NY now owns 210,411 shares of the company's stock worth $23,789,000 after purchasing an additional 41,929 shares in the last quarter. Principal Financial Group Inc. raised its holdings in DT Midstream by 76.7% in the 3rd quarter. Principal Financial Group Inc. now owns 500,329 shares of the company's stock worth $56,568,000 after purchasing an additional 217,185 shares in the last quarter. Finally, Bahl & Gaynor Inc. raised its holdings in DT Midstream by 2.5% in the 3rd quarter. Bahl & Gaynor Inc. now owns 568,445 shares of the company's stock worth $64,268,000 after purchasing an additional 14,127 shares in the last quarter. Hedge funds and other institutional investors own 81.53% of the company's stock.

DT Midstream Stock Up 0.2%

NYSE:DTM opened at $147.70 on Monday. The firm's 50-day moving average price is $136.36 and its 200-day moving average price is $125.07. The company has a market capitalization of $15.07 billion, a PE ratio of 32.68, a P/E/G ratio of 2.97 and a beta of 0.75. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.26 and a quick ratio of 1.26. DT Midstream, Inc. has a 1-year low of $98.06 and a 1-year high of $150.45.

DT Midstream (NYSE:DTM - Get Free Report) last released its earnings results on Thursday, April 30th. The company reported $1.27 earnings per share for the quarter, topping analysts' consensus estimates of $1.11 by $0.16. The firm had revenue of $336.00 million for the quarter, compared to the consensus estimate of $313.65 million. DT Midstream had a net margin of 36.28% and a return on equity of 9.53%. During the same period in the prior year, the firm earned $1.06 EPS. 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 4.76 EPS for the current fiscal year.

DT Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Monday, June 15th will be paid a $0.88 dividend. The ex-dividend date is Monday, June 15th. This represents a $3.52 annualized dividend and a dividend yield of 2.4%. DT Midstream's dividend payout ratio is presently 77.88%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on DTM. Citigroup upped their price objective on shares of DT Midstream from $130.00 to $156.00 and gave the stock a "buy" rating in a report on Tuesday, February 24th. Barclays upped their target price on DT Midstream from $141.00 to $143.00 and gave the stock an "equal weight" rating in a report on Friday. UBS Group upped their target price on DT Midstream from $128.00 to $152.00 and gave the stock a "buy" rating in a report on Friday, February 20th. Raymond James Financial reiterated an "outperform" rating and set a $158.00 target price on shares of DT Midstream in a report on Thursday. Finally, Jefferies Financial Group reiterated a "buy" rating and set a $166.00 target price on shares of DT Midstream in a report on Friday. Seven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $147.67.

Key Headlines Impacting DT Midstream

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

• Positive Sentiment: Q1 results materially beat expectations: $1.27 EPS vs. $1.11 consensus, revenue $336M vs. ~$314M est., and Adjusted EBITDA of $308M — signals underlying business strength and helped lift operating earnings. DT Midstream Reports Strong First Quarter 2026 Results
• Positive Sentiment: Board declared a quarterly dividend of $0.88 per share (record June 15, payable July 15) — supports income-oriented investors and reduces downside risk from yield compression.
• Positive Sentiment: Growth update: company outlined Vector pipeline expansion to add ~400 MMcf/d by Q4 2028 and increased 2026–27 committed capital to about $400M–$440M — signals long‑term volume growth and infrastructure investment that could drive future EBITDA. DT Midstream outlines Vector +400 MMcf/d by Q4 2028
• Neutral Sentiment: FY‑2026 EPS guidance set to $4.420–4.820 (company range vs. consensus ~4.68) — range covers the street but the midpoint is slightly below consensus, leaving guidance as a mixed signal for near‑term expectations.
• Neutral Sentiment: Management's full Q1 presentation and conference call materials are available for detail on drivers (volumes, fee mix, capex cadence). Investors should review slides and call transcript for color on Vector timing and capital allocation. DT Midstream, Inc. 2026 Q1 - Results - Earnings Call Presentation
• Neutral Sentiment: News coverage (earnings snapshots and previews) is summarizing the beat and guidance; market reaction likely reflects a trade‑off between strong execution this quarter and elevated near‑term spending for Vector. DT Midstream: Q1 Earnings Snapshot

Insider Buying and Selling at DT Midstream

In related news, CFO Jeffrey A. Jewell purchased 185 shares of the business's stock in a transaction that occurred on Wednesday, February 25th. The shares were bought at an average price of $136.33 per share, for a total transaction of $25,221.05. Following the purchase, the chief financial officer directly owned 89,583 shares of the company's stock, valued at approximately $12,212,850.39. This represents a 0.21% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is owned by insiders.

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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