Steven Stellato Sells 2,907 Shares of Kinetik (NYSE:KNTK) Stock

Kinetik Holdings Inc. (NYSE:KNTK) insider Steven Stellato sold 2,907 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $46.92, for a total transaction of $136,396.44. Following the completion of the sale, the insider owned 393,382 shares in the company, valued at $18,457,483.44. This represents a 0.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Kinetik Stock Performance

NYSE:KNTK opened at $45.57 on Friday. The firm’s 50-day moving average is $40.62 and its 200-day moving average is $39.06. The company has a market cap of $7.36 billion, a price-to-earnings ratio of 17.73, a PEG ratio of 1.11 and a beta of 0.70. Kinetik Holdings Inc. has a 52-week low of $31.33 and a 52-week high of $54.94.

Kinetik (NYSE:KNTK) last released its earnings results on Thursday, February 26th. The company reported $2.16 earnings per share for the quarter, beating the consensus estimate of $0.15 by $2.01. Kinetik had a net margin of 29.23% and a negative return on equity of 32.70%. The business had revenue of $430.42 million during the quarter. During the same quarter in the previous year, the business posted $0.01 EPS. The firm’s quarterly revenue was up 11.5% on a year-over-year basis.

Key Kinetik News

Here are the key news stories impacting Kinetik this week:

• Positive Sentiment: Big earnings beat and upbeat outlook — Kinetik reported a large Q (Feb) EPS beat and revenue growth, and Citi lifted its target following the results, supporting upside expectations. Citi Lifts Kinetik Holdings (KNTK) Target Following Earnings Beat and Positive Outlook
• Positive Sentiment: Scotiabank raised its price target to $49 and assigned a “sector outperform” rating, implying further upside from current levels. Benzinga
• Positive Sentiment: Additional analyst target lift — American Banking News / other outlets reported a higher $51 price target, adding to upgrade momentum from brokers. Kinetik (NYSE:KNTK) Price Target Raised to $51.00
• Neutral Sentiment: Barclays nudged its target up to $43 but kept an “equal weight” rating, signaling limited conviction — this is less bullish relative to other banks and implies potential sideways pressure. Benzinga
• Negative Sentiment: Insider selling: three executives (Matthew Wall, Steven Stellato and Trevor Howard) sold small stakes (each ~0.5–0.7% reductions) at ~ $46.92 per share on Mar 4 — the volumes and % changes are modest but can weigh on near-term sentiment. Insider Form 4 (Matthew Wall)

Institutional Investors Weigh In On Kinetik

A number of institutional investors have recently added to or reduced their stakes in KNTK. Vanguard Group Inc. raised its holdings in shares of Kinetik by 9.4% in the 4th quarter. Vanguard Group Inc. now owns 5,096,786 shares of the company’s stock worth $183,739,000 after buying an additional 439,586 shares in the last quarter. Zimmer Partners LP acquired a new stake in Kinetik in the 4th quarter valued at $98,611,000. Cohen & Steers Inc. grew its position in Kinetik by 82.5% in the fourth quarter. Cohen & Steers Inc. now owns 1,843,506 shares of the company’s stock valued at $66,458,000 after acquiring an additional 833,224 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT grew its position in Kinetik by 86.5% in the fourth quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,843,400 shares of the company’s stock valued at $66,455,000 after acquiring an additional 855,000 shares during the period. Finally, Invesco Ltd. raised its stake in Kinetik by 22.4% during the fourth quarter. Invesco Ltd. now owns 1,775,216 shares of the company’s stock worth $63,997,000 after acquiring an additional 325,251 shares in the last quarter. 21.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KNTK has been the topic of several recent research reports. Royal Bank Of Canada decreased their price objective on Kinetik from $52.00 to $46.00 and set an “outperform” rating on the stock in a report on Wednesday, November 19th. Jefferies Financial Group lowered Kinetik from a “buy” rating to a “hold” rating and set a $43.00 target price for the company. in a research note on Friday, February 6th. Barclays raised their target price on Kinetik from $40.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Thursday. The Goldman Sachs Group lowered their price target on shares of Kinetik from $46.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, November 17th. Finally, Raymond James Financial set a $46.00 price objective on shares of Kinetik in a research note on Monday, January 5th. Six investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $45.55.

Kinetik Company Profile

Kinetik (NYSE: KNTK) is a publicly listed midstream energy company focused on the development, operation and management of natural gas infrastructure across the United States. The company’s core business activities include the gathering, compression, processing, storage and transportation of natural gas, serving producers, utilities and industrial consumers. By integrating a suite of midstream services under a single platform, Kinetik aims to provide efficient, cost-effective and reliable solutions across the natural gas value chain.

The company was established in 2021 when assets were acquired from Talen Energy by a subsidiary of ArcLight Capital Partners, forming a comprehensive portfolio of pipelines, compression facilities and underground storage assets.