Pacer Advisors Inc. Trims Stock Position in Kinetik Holdings Inc. $KNTK

Pacer Advisors Inc. cut its holdings in Kinetik Holdings Inc. (NYSE:KNTK) by 89.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,132 shares of the company’s stock after selling 222,086 shares during the quarter. Pacer Advisors Inc.’s holdings in Kinetik were worth $1,313,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of KNTK. Vanguard Group Inc. lifted its stake in Kinetik by 9.4% in the 4th quarter. Vanguard Group Inc. now owns 5,096,786 shares of the company’s stock valued at $183,739,000 after buying an additional 439,586 shares in the last quarter. Zimmer Partners LP acquired a new stake in Kinetik during the 4th quarter valued at $98,611,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT increased its position in Kinetik by 1.7% during the first quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,874,000 shares of the company’s stock worth $90,720,000 after buying an additional 30,600 shares in the last quarter. Cohen & Steers Inc. increased its position in Kinetik by 82.5% during the fourth quarter. Cohen & Steers Inc. now owns 1,843,506 shares of the company’s stock worth $66,458,000 after buying an additional 833,224 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Kinetik by 22.4% in 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 during the last quarter. 21.11% of the stock is owned by hedge funds and other institutional investors.

More Kinetik News

Here are the key news stories impacting Kinetik this week:

• Positive Sentiment: Kinetik reported second-quarter earnings of $0.64 per share, far above the $0.19 analyst consensus and up from $0.33 a year earlier. Revenue rose 36.3% year over year to $581.4 million, also exceeding expectations. Kinetik Holdings Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: Management’s results and commentary highlighted strong NGL recoveries, downstream optimization and dividend coverage. Planned projects—including Kings Landing II, the ECCC Pipeline and expanded Gulf Coast access—could support multiyear EBITDA growth by allowing Kinetik to monetize capacity constraints in the Permian Basin. Kinetik Holdings Monetizing the Permian’s Constraints
• Neutral Sentiment: The earnings improvement strengthens Kinetik’s fundamental outlook, but one analysis argued that the stock is still not inexpensive. Shares trade near their 52-week high, with a P/E ratio around 17, potentially limiting near-term upside unless growth continues to exceed expectations. Kinetik Better Q2 Earnings, Still Not Cheap
• Negative Sentiment: Major shareholder ISQ Global Fund II GP LLC disclosed sales totaling approximately $13.3 million across August 3, 6 and 7. The transactions reduced its reported holdings, with the largest sale involving 235,349 shares. While the sales do not change Kinetik’s operations, they may create an overhang and raise short-term concerns about insider conviction. SEC Form 4 Insider Sale Filing

Insider Buying and Selling at Kinetik

In other news, major shareholder Isq Global Fund Ii Gp Llc sold 235,349 shares of the business’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $50.52, for a total transaction of $11,889,831.48. Following the completion of the sale, the insider directly owned 1,691,370 shares of the company’s stock, valued at $85,448,012.40. The trade was a 12.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders have sold 264,074 shares of company stock valued at $13,332,540. 3.56% of the stock is owned by company insiders.

Kinetik Price Performance

Shares of KNTK stock opened at $49.08 on Friday. The firm’s 50-day simple moving average is $48.31 and its 200-day simple moving average is $46.59. Kinetik Holdings Inc. has a 1-year low of $31.33 and a 1-year high of $52.54. The firm has a market cap of $7.97 billion, a P/E ratio of 17.78, a PEG ratio of 1.94 and a beta of 0.56.

Kinetik (NYSE:KNTK) last released its earnings results on Wednesday, August 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.45. Kinetik had a net margin of 26.19% and a negative return on equity of 37.86%. The firm had revenue of $581.44 million during the quarter, compared to the consensus estimate of $421.48 million. During the same period in the previous year, the firm earned $0.33 earnings per share. Kinetik’s revenue was up 36.3% compared to the same quarter last year. Analysts expect that Kinetik Holdings Inc. will post 0.81 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on KNTK. Morgan Stanley set a $64.00 price objective on Kinetik and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Raymond James Financial reissued an “outperform” rating and issued a $55.00 target price on shares of Kinetik in a research note on Friday. Zacks Research raised shares of Kinetik from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Wall Street Zen upgraded shares of Kinetik from a “strong sell” rating to a “hold” rating in a report on Saturday. Finally, US Capital Advisors raised shares of Kinetik from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, May 29th. Three investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Kinetik presently has a consensus rating of “Moderate Buy” and an average target price of $52.07.

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.