Principal Financial Group Inc. Increases Stake in DT Midstream, Inc. $DTM

Principal Financial Group Inc. lifted its position in DT Midstream, Inc. (NYSE:DTM) by 2.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 513,541 shares of the company’s stock after acquiring an additional 13,212 shares during the quarter. Principal Financial Group Inc.’s holdings in DT Midstream were worth $61,462,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in DTM. Nordea Investment Management AB purchased a new stake in DT Midstream in the 4th quarter worth about $1,371,000. JPMorgan Chase & Co. boosted its position in shares of DT Midstream by 7.8% during the third quarter. JPMorgan Chase & Co. now owns 871,636 shares of the company’s stock valued at $98,538,000 after buying an additional 63,438 shares during the period. Miller Howard Investments Inc. NY grew its stake in shares of DT Midstream by 24.9% during the third quarter. Miller Howard Investments Inc. NY now owns 210,411 shares of the company’s stock valued at $23,789,000 after buying an additional 41,929 shares during the last quarter. Bahl & Gaynor Inc. raised its holdings in shares of DT Midstream by 2.5% in the third quarter. Bahl & Gaynor Inc. now owns 568,445 shares of the company’s stock worth $64,268,000 after buying an additional 14,127 shares during the period. Finally, SG Americas Securities LLC raised its holdings in shares of DT Midstream by 139.8% in the fourth quarter. SG Americas Securities LLC now owns 62,986 shares of the company’s stock worth $7,538,000 after buying an additional 36,722 shares during the period. 81.53% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at DT Midstream

In other DT Midstream news, CFO Jeffrey A. Jewell acquired 185 shares of the stock in a transaction that occurred on Wednesday, February 25th. The stock was bought at an average cost of $136.33 per share, with a total value of $25,221.05. Following the completion of the purchase, the chief financial officer directly owned 89,583 shares in the company, valued at $12,212,850.39. The trade was a 0.21% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.54% of the stock is owned by insiders.

DT Midstream Stock Down 0.3%

Shares of NYSE DTM opened at $144.14 on Friday. DT Midstream, Inc. has a 52-week low of $98.06 and a 52-week high of $150.45. The firm has a market capitalization of $14.70 billion, a price-to-earnings ratio of 31.89, a PEG ratio of 2.91 and a beta of 0.75. The stock has a 50 day moving average price of $136.84 and a 200 day moving average price of $125.81. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.26 and a current ratio of 1.26.

DT Midstream (NYSE:DTM) last released its quarterly earnings data on Thursday, April 30th. The company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.11 by $0.16. The company had revenue of $336.00 million for the quarter, compared to the consensus estimate of $313.65 million. DT Midstream had a return on equity of 9.53% and a net margin of 36.28%.During the same period last year, the business posted $1.06 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. Sell-side analysts expect that DT Midstream, Inc. will post 4.76 earnings per share for the current year.

DT Midstream Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.88 per share. 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 (DPR) is currently 77.88%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DTM. Citigroup boosted their price objective on DT Midstream from $156.00 to $169.00 and gave the company a “buy” rating in a report on Monday. Stifel Nicolaus set a $137.00 target price on DT Midstream and gave the stock a “hold” rating in a research note on Monday, February 23rd. Weiss Ratings upgraded DT Midstream from a “buy (b+)” rating to a “buy (a)” rating in a research report on Monday. Wells Fargo & Company boosted their target price on shares of DT Midstream from $150.00 to $165.00 and gave the company an “overweight” rating in a research note on Friday, March 13th. Finally, UBS Group upped their price target on shares of DT Midstream from $128.00 to $152.00 and gave the stock a “buy” rating in a report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $150.75.

About DT Midstream

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.