Louisiana State Employees Retirement System Acquires 200 Shares of DT Midstream, Inc. $DTM

Louisiana State Employees Retirement System boosted its holdings in shares of DT Midstream, Inc. (NYSE:DTM) by 0.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,600 shares of the company’s stock after purchasing an additional 200 shares during the quarter. Louisiana State Employees Retirement System’s holdings in DT Midstream were worth $3,143,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Mowery & Schoenfeld Wealth Management LLC bought a new stake in DT Midstream during the 1st quarter valued at approximately $25,000. Alpine Bank Wealth Management bought a new stake in shares of DT Midstream in the 1st quarter worth approximately $26,000. Twin Tree Management LP bought a new stake in shares of DT Midstream in the 1st quarter worth approximately $29,000. Geneos Wealth Management Inc. lifted its position in shares of DT Midstream by 39.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 436 shares of the company’s stock worth $42,000 after acquiring an additional 123 shares during the period. Finally, Bessemer Group Inc. lifted its position in shares of DT Midstream by 44.0% in the 1st quarter. Bessemer Group Inc. now owns 442 shares of the company’s stock worth $43,000 after acquiring an additional 135 shares during the period. Institutional investors own 81.53% of the company’s stock.

Insiders Place Their Bets

In related news, VP Melissa Cox sold 4,755 shares of the firm’s stock in a transaction on Monday, August 11th. The stock was sold at an average price of $104.47, for a total transaction of $496,754.85. Following the completion of the sale, the vice president directly owned 5,171 shares of the company’s stock, valued at $540,214.37. This trade represents a 47.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.34% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have commented on the company. Morgan Stanley raised their price objective on DT Midstream from $113.00 to $118.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 6th. Mizuho raised their price objective on DT Midstream from $105.00 to $108.00 and gave the stock a “neutral” rating in a research report on Friday, August 29th. JPMorgan Chase & Co. raised their price objective on DT Midstream from $114.00 to $118.00 and gave the stock a “neutral” rating in a research report on Monday, September 29th. Barclays raised their price objective on DT Midstream from $103.00 to $114.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Finally, Wells Fargo & Company increased their target price on DT Midstream from $108.00 to $117.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Seven investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $114.17.

DT Midstream Trading Down 3.1%

Shares of DTM opened at $111.23 on Friday. DT Midstream, Inc. has a 1 year low of $83.30 and a 1 year high of $115.80. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.69. The stock has a 50 day simple moving average of $106.68 and a 200-day simple moving average of $103.12. The stock has a market cap of $11.30 billion, a PE ratio of 29.82, a PEG ratio of 2.51 and a beta of 0.78.

DT Midstream (NYSE:DTM) last issued its earnings results on Thursday, July 31st. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.06. DT Midstream had a return on equity of 8.48% and a net margin of 33.90%.The business had revenue of $299.00 million during the quarter, compared to analysts’ expectations of $295.70 million. During the same period in the prior year, the firm posted $0.98 EPS. DT Midstream has set its FY 2025 guidance at 4.050-4.450 EPS. On average, sell-side analysts predict that DT Midstream, Inc. will post 3.8 EPS for the current fiscal year.

DT Midstream Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Monday, September 15th. DT Midstream’s dividend payout ratio (DPR) is currently 87.94%.

DT Midstream Company Profile

DT Midstream, Inc, together with its subsidiaries, provides integrated natural gas services in the United States. The company operates through two segments, Pipeline and Gathering. The Pipeline segment owns and operates interstate and intrastate natural gas pipelines, storage systems, and natural gas gathering lateral pipelines.