DT Midstream Announces Pricing of Upsized Public Offering of Common Stock
DT Midstream, Inc. (DTM)
Company Research
Source: GlobeNewswire
DETROIT, Nov. 20, 2024 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE: DTM) today announced the pricing of its previously announced underwritten registered public offering. The size of the offering increased from the previously announced $300,000,000 of shares of common stock to $366,125,000 of shares of the company’s common stock at a price to the public of $101 per share, for gross proceeds of approximately $366,125,000, before the underwriting discount and estimated offering expenses. Additionally, the Company has granted the underwriters a 30-day option to purchase up to an additional 543,750 shares of its common stock at the public offering price less the underwriting discounts and commissions. The offering is expected to close on or about November 21, 2024, subject to market and other customary closing conditions. The Company intends to use the net proceeds from this offering, together with proceeds from the expected issuance of up to $650 million aggregate principal amount of
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DTM
News
- DT Midstream, Inc. (NYSE: DTM) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $74.00 to $94.00. They now have a "sell" rating on the stock.MarketBeat
- DT Midstream, Inc. (NYSE: DTM) was upgraded by analysts at Stifel Nicolaus from a "hold" rating to a "buy" rating. They now have a $106.00 price target on the stock, up previously from $89.00.MarketBeat
- DT Midstream Announces Closing of Offering of Senior Secured NotesGlobeNewswire
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DTM
Earnings
- 10/29/24 - Beat
DTM
Sec Filings
- 12/12/24 - Form 8-K
- 12/6/24 - Form 4/A
- 12/6/24 - Form 8-K
- DTM's page on the SEC website