Empowered Funds LLC Takes $1.43 Million Position in Kinetik Holdings Inc. $KNTK

Key Points

• Empowered Funds LLC acquired 29,577 Kinetik shares in the first quarter, valued at approximately $1.43 million. Institutional investors and hedge funds collectively own 21.11% of the company.
• Kinetik reported strong second-quarter results, with EPS of $0.64 versus the $0.19 consensus estimate and revenue up 36.3% year over year to $581.4 million. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $52.07.
• Major shareholder ISQ Global Fund II GP LLC sold approximately $13.3 million of Kinetik stock over the past 90 days, potentially creating an overhang. Shares were trading near their 52-week high, with a P/E ratio of about 17.8.

Empowered Funds LLC acquired a new stake in Kinetik Holdings Inc. (NYSE:KNTK - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 29,577 shares of the company's stock, valued at approximately $1,432,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KNTK. ProShare Advisors LLC grew its position in shares of Kinetik by 3.5% in the fourth quarter. ProShare Advisors LLC now owns 8,633 shares of the company's stock valued at $311,000 after purchasing an additional 294 shares during the period. Maryland State Retirement & Pension System lifted its position in Kinetik by 5.4% during the fourth quarter. Maryland State Retirement & Pension System now owns 6,612 shares of the company's stock worth $238,000 after buying an additional 337 shares during the period. Federated Hermes Inc. lifted its position in Kinetik by 0.4% during the second quarter. Federated Hermes Inc. now owns 89,133 shares of the company's stock worth $3,926,000 after buying an additional 346 shares during the period. CWM LLC boosted its stake in Kinetik by 89.8% in the 4th quarter. CWM LLC now owns 744 shares of the company's stock worth $27,000 after buying an additional 352 shares during the last quarter. Finally, Captrust Financial Advisors boosted its stake in Kinetik by 4.9% in the 4th quarter. Captrust Financial Advisors now owns 8,420 shares of the company's stock worth $304,000 after buying an additional 390 shares during the last quarter. 21.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Kinetik

In other Kinetik news, major shareholder Isq Global Fund Ii Gp Llc sold 26,550 shares of the business's stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $50.24, for a total value of $1,333,872.00. Following the completion of the sale, the insider owned 1,664,820 shares of the company's stock, valued at $83,640,556.80. The trade was a 1.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 264,074 shares of company stock valued at $13,332,540 in the last ninety days. 3.56% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on KNTK shares. Tudor Pickering assumed coverage on shares of Kinetik in a research note on Monday, July 20th. They set a "buy" rating and a $57.00 price target on the stock. Mizuho increased their target price on Kinetik from $48.00 to $51.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 28th. Raymond James Financial reiterated an "outperform" rating and issued a $55.00 target price on shares of Kinetik in a report on Friday. Wall Street Zen upgraded Kinetik from a "strong sell" rating to a "hold" rating in a research note on Saturday. Finally, US Capital Advisors upgraded Kinetik from a "moderate buy" rating to a "strong-buy" rating in a report on Friday, May 29th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, Kinetik currently has a consensus rating of "Moderate Buy" and an average target price of $52.07.

Key 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

Kinetik Stock Performance

Kinetik stock opened at $49.08 on Friday. The firm has a market cap of $7.97 billion, a price-to-earnings ratio of 17.78, a price-to-earnings-growth ratio of 1.98 and a beta of 0.56. Kinetik Holdings Inc. has a 1 year low of $31.33 and a 1 year high of $52.54. The firm's 50 day moving average price is $48.31 and its two-hundred day moving average price is $46.59.

Kinetik (NYSE:KNTK - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.19 by $0.45. The business had revenue of $581.44 million during the quarter, compared to the consensus estimate of $421.48 million. Kinetik had a net margin of 26.19% and a negative return on equity of 37.86%. The firm's quarterly revenue was up 36.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.33 EPS. As a group, equities analysts predict that Kinetik Holdings Inc. will post 0.81 EPS for the current fiscal year.

About Kinetik

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source