Wed Sep 11 09:37:05 UTC 2024: ## Arizona State Retirement System Increases Stake in DT Midstream
**New York, NY (MarketBeat News)** – The Arizona State Retirement System boosted its holdings in DT Midstream, Inc. (NYSE: DTM) by 1.9% during the second quarter, according to the company’s latest filing with the SEC. The fund now owns 27,150 shares of the company, worth $1,928,000, after adding 500 shares during the period.
Several other hedge funds have also recently adjusted their positions in DT Midstream. Bright Rock Capital Management LLC, Prevail Innovative Wealth Advisors LLC, Dimensional Fund Advisors LP, and Illinois Municipal Retirement Fund all increased their stakes in the company during the first quarter, while Meeder Asset Management Inc. acquired a new position in the same period. Overall, 81.53% of DT Midstream’s stock is owned by institutional investors and hedge funds.
Shares of DT Midstream opened at $74.79 on Wednesday. The company recently declared a quarterly dividend of $0.735 per share, payable on October 15th to shareholders of record on September 16th.
Analysts have weighed in on DT Midstream’s performance, with several firms raising their price targets and maintaining positive outlooks. Wells Fargo & Company, Barclays, JPMorgan Chase & Co., Citigroup, and Stifel Nicolaus have all upgraded their ratings on the stock. Overall, the stock has a consensus “Hold” rating and a target price of $70.75.
DT Midstream, Inc. provides integrated natural gas services across the United States, operating through its Pipeline and Gathering segments. The company owns and operates natural gas pipelines, storage systems, and gathering pipelines.
First Piper 