Public Employees Retirement System of Ohio Invests $5.54 Million in DT Midstream, Inc. $DTM

Key Points

• Public Employees Retirement System of Ohio acquired 37,758 shares of DT Midstream worth approximately $5.54 million in the second quarter. Institutional investors collectively own 81.53% of the company.
• Analyst sentiment remains positive overall, with a “Moderate Buy” consensus and an average price target of $153.43, despite ratings ranging from sell to outperform.
• DT Midstream reported quarterly revenue of $332.57 million but missed earnings estimates, posting $1.09 per share versus the $1.17 consensus. The company also declared a quarterly dividend of $0.88 per share, representing a 2.7% yield.

Public Employees Retirement System of Ohio bought a new stake in DT Midstream, Inc. (NYSE:DTM - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 37,758 shares of the company's stock, valued at approximately $5,541,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Western Wealth Management LLC acquired a new stake in DT Midstream in the 1st quarter valued at about $32,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of DT Midstream during the 4th quarter worth approximately $30,000. Commonwealth Retirement Investments LLC purchased a new stake in shares of DT Midstream in the fourth quarter valued at approximately $36,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of DT Midstream in the first quarter valued at approximately $41,000. Finally, WFA of San Diego LLC acquired a new stake in shares of DT Midstream in the second quarter valued at approximately $33,000. 81.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DTM. JPMorgan Chase & Co. upped their target price on DT Midstream from $146.00 to $154.00 and gave the company a "neutral" rating in a report on Wednesday, July 8th. Weiss Ratings cut shares of DT Midstream from a "buy (b+)" rating to a "buy (b)" rating in a research report on Friday, August 21st. Wall Street Zen lowered shares of DT Midstream from a "hold" rating to a "sell" rating in a report on Saturday, August 1st. Wolfe Research upgraded 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. Finally, Jefferies Financial Group set a $155.00 target price on shares of DT Midstream in a research note on Friday, July 31st. Nine investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $153.43.

DT Midstream Stock Performance

Shares of DT Midstream stock opened at $129.14 on Thursday. DT Midstream, Inc. has a 52 week low of $102.43 and a 52 week high of $152.88. The business's fifty day simple moving average is $138.81 and its 200-day simple moving average is $139.25. The firm has a market cap of $13.17 billion, a PE ratio of 28.26, a price-to-earnings-growth ratio of 3.66 and a beta of 0.70. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.68.

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

DT Midstream Announces Dividend

The business 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 dividend of $0.88 per share. 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 (DPR) is 77.02%.

DT Midstream 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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