Principal Financial Group Inc. Purchases 13,212 Shares of DT Midstream, Inc. $DTM

Key Points

• Principal Financial Group raised its stake in DT Midstream by 2.6% in Q4, buying 13,212 shares to hold 513,541 shares (about 0.51% of the company) worth $61.46 million.
• DT Midstream beat Q1 estimates with $1.27 EPS versus a $1.11 consensus and set FY2026 guidance of $4.42–$4.82, with analysts forecasting roughly $4.76 for the year.
• The company pays a quarterly dividend of $0.88 ($3.52 annual, a 2.4% yield) and has a $14.7 billion market cap; analysts give a consensus rating of Moderate Buy with an average price target of $150.75.

Principal Financial Group Inc. grew its holdings in DT Midstream, Inc. (NYSE:DTM - Free Report) by 2.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 513,541 shares of the company's stock after acquiring an additional 13,212 shares during the period. Principal Financial Group Inc. owned about 0.51% of DT Midstream worth $61,462,000 as of its most recent filing with the Securities & Exchange Commission.

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

DT Midstream Stock Performance

DT Midstream stock opened at $144.14 on Friday. The company's 50-day moving average price is $136.84 and its 200-day moving average price is $125.81. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.68. The company has a market cap of $14.70 billion, a PE ratio of 31.89, a price-to-earnings-growth ratio of 2.91 and a beta of 0.75. DT Midstream, Inc. has a twelve month low of $98.06 and a twelve month high of $150.45.

DT Midstream (NYSE:DTM - Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The company reported $1.27 EPS for the quarter, beating analysts' consensus estimates of $1.11 by $0.16. The firm had revenue of $336.00 million during 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 quarter last year, the firm earned $1.06 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. On average, equities research analysts forecast that DT Midstream, Inc. will post 4.76 EPS for the current fiscal year.

DT Midstream Dividend Announcement

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

Analysts Set New Price Targets

DTM has been the topic of a number of research reports. Wells Fargo & Company lifted their price target on shares of DT Midstream from $150.00 to $165.00 and gave the company an "overweight" rating in a report on Friday, March 13th. Citigroup raised their price objective on DT Midstream from $156.00 to $169.00 and gave the company a "buy" rating in a research report on Monday. Raymond James Financial reaffirmed an "outperform" rating and issued a $158.00 target price on shares of DT Midstream in a report on Thursday, April 30th. Barclays boosted their target price on DT Midstream from $141.00 to $143.00 and gave the stock an "equal weight" rating in a research report on Friday, May 1st. Finally, JPMorgan Chase & Co. increased their price target on DT Midstream from $126.00 to $142.00 and gave the company a "neutral" rating in a research note on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, DT Midstream currently has a consensus rating of "Moderate Buy" and an average price target of $150.75.

Insider Buying and Selling at DT Midstream

In related news, CFO Jeffrey A. Jewell bought 185 shares of the business's stock in a transaction dated Wednesday, February 25th. The shares were purchased at an average price of $136.33 per share, with a total value of $25,221.05. Following the transaction, the chief financial officer owned 89,583 shares in the company, valued at $12,212,850.39. This trade represents a 0.21% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.54% of the company's stock.

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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