SCHEDULE 13G/A: BlackRock Discloses 9.9% Stake in DT Midstream, Inc. Common Stock
Beneficial Ownership Disclosure
BlackRock, Inc. has filed an amended Schedule 13G, reporting a 9.9% beneficial ownership stake in DT Midstream, Inc.'s common stock as of March 31, 2025.
Summary
- BlackRock, Inc. reported beneficial ownership of 10,073,651 shares of DT Midstream, Inc. common stock.
- This ownership represents 9.9% of the total outstanding common shares of DT Midstream, Inc.
- BlackRock holds sole voting power over 9,377,096 shares and sole dispositive power over 10,073,651 shares.
- The filing is an Amendment No. 3 to a Schedule 13G, indicating a routine update to BlackRock's previously disclosed stake.
- BlackRock certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
- Various BlackRock business units, including BlackRock Fund Advisors, are involved in the beneficial ownership, with BlackRock Fund Advisors specifically noted as beneficially owning 5% or greater of the outstanding shares.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently indicate positive or negative sentiment regarding the issuer's performance or outlook.
Future Outlook
NA
Industry Context
Schedule 13G filings are routine disclosures by institutional investors like BlackRock, indicating passive beneficial ownership of 5% or more of a company's stock. These filings provide transparency into significant ownership stakes, which can influence market perception of a company's stability and investor confidence. BlackRock's continued significant stake in DT Midstream, Inc. reflects its ongoing investment in the midstream energy sector.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional holder's stake, confirming BlackRock's continued investment in DT Midstream, Inc.
Key Dates
| Date | Description |
|---|---|
| 2023-04-30 | Previous Power of Attorney revoked by BlackRock, Inc. |
| 2025-01-21 | Effective date of the new Power of Attorney for BlackRock, Inc. attorneys-in-fact. |
| 2025-03-31 | Date of event which requires filing of this statement (beneficial ownership snapshot date). |
| 2025-04-23 | Signature date of the Schedule 13G/A filing. |
Keywords
BlackRock, DT Midstream, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Investment Management, Midstream Energy
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