BlackRock Files 13G/A for DTM Showing 10.28M Shares (10.1%)
Rhea-AI Filing Summary
BlackRock, Inc. reports beneficial ownership of 10,282,157 shares of DT Midstream, Inc. (DTM), representing 10.1% of the common stock. BlackRock has sole voting power over 9,466,126 shares and sole dispositive power over the full 10,282,157 shares. The filing states these shares are held in the ordinary course of business and not for the purpose of changing or influencing control of the company. The Schedule 13G/A lists BlackRock’s address at 50 Hudson Yards, New York, NY and includes Exhibit 24 (Power of Attorney) and Exhibit 99 (Item 7 subsidiary identification).
Positive
- Beneficial ownership of 10,282,157 shares is clearly disclosed
- Stake equals 10.1% of the class, surpassing the 5% reporting threshold
- Detailed voting/dispositive breakdown (sole voting power: 9,466,126) is provided
- Filing certifies shares are held in the ordinary course, indicating passive intent
Negative
- None.
Insights
BlackRock now holds a material 10.1% stake in DT Midstream.
BlackRock reports beneficial ownership of 10,282,157 shares, a position above the 5% reporting threshold that investors monitor for potential influence on governance.
The filing also discloses 9,466,126 shares with sole voting power, indicating BlackRock can vote a large portion of its holding without sharing that authority.
Filing asserts holdings are in the ordinary course and not aimed at control.
The Schedule 13G/A includes a certification that the securities "were not acquired for the purpose of or with the effect of changing or influencing the control" of DT Midstream, signaling a passive intent under applicable rules.
Exhibits listed (Exhibit 24 and Exhibit 99) provide administrative details and subsidiary identification required when a parent filing is involved.
FAQ
What percentage of DT Midstream does BlackRock own according to the filing?
Does the Schedule 13G/A indicate BlackRock seeks to control DT Midstream?
When was this Schedule 13G/A signed and by whom?
AI-generated analysis. How Rhea-AI works. Not financial advice.