Principal Financial Group Inc. Has $68.18 Million Stock Position in DT Midstream, Inc. $DTM

Principal Financial Group Inc. trimmed its holdings in shares of DT Midstream, Inc. (NYSE:DTM) by 1.4% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 506,253 shares of the company’s stock after selling 7,288 shares during the period. Principal Financial Group Inc.’s holdings in DT Midstream were worth $68,178,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of DTM. Nordea Investment Management AB bought a new position in DT Midstream in the 4th quarter worth $1,371,000. Deutsche Bank AG lifted its position in shares of DT Midstream by 6.9% in the 4th quarter. Deutsche Bank AG now owns 3,090,365 shares of the company’s stock worth $369,855,000 after acquiring an additional 200,114 shares during the period. UBS Group AG lifted its position in DT Midstream by 9.1% in the fourth quarter. UBS Group AG now owns 528,575 shares of the company’s stock worth $63,260,000 after purchasing an additional 44,233 shares during the period. Eventide Asset Management LLC lifted its holdings in shares of DT Midstream by 115.4% during the 4th quarter. Eventide Asset Management LLC now owns 394,724 shares of the company’s stock worth $47,266,000 after acquiring an additional 211,471 shares during the period. Finally, CWM LLC boosted its holdings in DT Midstream by 518.0% during the fourth quarter. CWM LLC now owns 34,544 shares of the company’s stock valued at $4,134,000 after purchasing an additional 28,954 shares in the last quarter. Institutional investors own 81.53% of the company’s stock.

DT Midstream Trading Up 0.9%

NYSE:DTM opened at $146.54 on Friday. The company has a market cap of $14.95 billion, a P/E ratio of 32.42, a price-to-earnings-growth ratio of 3.16 and a beta of 0.71. DT Midstream, Inc. has a twelve month low of $98.06 and a twelve month high of $152.88. The business has a 50 day moving average price of $145.16 and a two-hundred day moving average price of $136.24. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.68.

DT Midstream (NYSE:DTM) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.16. The firm had revenue of $336.00 million for the quarter, compared to analyst estimates 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 previous year, the business earned $1.06 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. As a group, analysts expect that DT Midstream, Inc. will post 4.77 EPS for the current fiscal year.

DT Midstream Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Monday, June 15th were issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Monday, June 15th. DT Midstream’s payout ratio is presently 77.88%.

Analyst Upgrades and Downgrades

DTM has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on shares of DT Midstream from $146.00 to $154.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Barclays lifted their target price on DT Midstream from $141.00 to $143.00 and gave the company an “equal weight” rating in a research note on Friday, May 1st. UBS Group boosted their price target on shares of DT Midstream from $152.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Raymond James Financial reissued an “outperform” rating and issued a $158.00 target price on shares of DT Midstream in a research note on Thursday, April 30th. Finally, Scotiabank assumed coverage on shares of DT Midstream in a research report on Tuesday, May 26th. They set an “outperform” rating and a $176.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, DT Midstream currently has a consensus rating of “Moderate Buy” and a consensus price target of $155.69.

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.