State of Alaska Department of Revenue Cuts Stake in World Kinect Corporation $WKC

Key Points

• State of Alaska Department of Revenue cut its stake in World Kinect by 63.5%, selling 52,660 shares and leaving 30,325 shares valued at about $709,000.
• Analyst sentiment is negative: World Kinect has a consensus rating of "Reduce" (one Buy, one Hold, three Sell) with an average target of $28, and Morgan Stanley recently lowered its target to $25 and rated the stock underweight.
• Despite analyst headwinds, the company beat quarterly estimates (EPS $0.75 vs. $0.31; revenue $9.69B vs. $9.29B), issued FY2026 guidance of 2.65–2.85 EPS, and pays a quarterly dividend of $0.20 (annualized yield ~3.4%).

State of Alaska Department of Revenue lowered its stake in shares of World Kinect Corporation (NYSE:WKC - Free Report) by 63.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,325 shares of the company's stock after selling 52,660 shares during the quarter. State of Alaska Department of Revenue owned 0.05% of World Kinect worth $709,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of WKC. Clearstead Advisors LLC grew its stake in World Kinect by 52.8% during the 3rd quarter. Clearstead Advisors LLC now owns 1,261 shares of the company's stock worth $33,000 after purchasing an additional 436 shares in the last quarter. Johnson Investment Counsel Inc. raised its position in World Kinect by 0.5% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 110,836 shares of the company's stock valued at $2,876,000 after purchasing an additional 502 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of World Kinect by 8.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 6,397 shares of the company's stock valued at $166,000 after buying an additional 503 shares during the period. California State Teachers Retirement System boosted its stake in shares of World Kinect by 1.4% in the 2nd quarter. California State Teachers Retirement System now owns 54,354 shares of the company's stock valued at $1,541,000 after buying an additional 775 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of World Kinect by 11.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 8,160 shares of the company's stock worth $210,000 after buying an additional 867 shares in the last quarter. 97.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on WKC. Morgan Stanley cut their target price on shares of World Kinect from $27.00 to $25.00 and set an "underweight" rating on the stock in a research note on Tuesday, March 3rd. Weiss Ratings reiterated a "sell (d)" rating on shares of World Kinect in a report on Monday, December 29th. Finally, Zacks Research raised shares of World Kinect from a "strong sell" rating to a "hold" rating in a research report on Wednesday, March 25th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, World Kinect has a consensus rating of "Reduce" and an average target price of $28.00.

World Kinect Price Performance

Shares of NYSE:WKC opened at $23.62 on Friday. The company's fifty day moving average price is $23.97 and its 200 day moving average price is $24.81. World Kinect Corporation has a 12 month low of $22.21 and a 12 month high of $29.85. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.06 and a quick ratio of 0.92. The firm has a market capitalization of $1.21 billion, a P/E ratio of -2.13, a P/E/G ratio of 0.61 and a beta of 1.11.

World Kinect (NYSE:WKC - Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.44. The company had revenue of $9.69 billion during the quarter, compared to the consensus estimate of $9.29 billion. World Kinect had a negative net margin of 1.66% and a positive return on equity of 6.62%. World Kinect's revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.48 earnings per share. World Kinect has set its FY 2026 guidance at 2.650-2.850 EPS. As a group, sell-side analysts predict that World Kinect Corporation will post 2.18 earnings per share for the current fiscal year.

World Kinect Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 16th. Stockholders of record on Monday, March 30th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Monday, March 30th. World Kinect's payout ratio is presently -7.22%.

World Kinect Company Profile

World Kinect Energy Services, Inc NYSE: WKC is a global energy services company specializing in fuel procurement, supply chain management and risk mitigation solutions. The company offers an integrated platform that facilitates the sourcing, trading and logistics of refined fuels, natural gas, liquefied natural gas (LNG) and renewable energy products. Its services are designed to help industrial, commercial and institutional clients optimize energy costs, comply with environmental regulations and manage price volatility.

In addition to traditional commodity trading and delivery, World Kinect provides a suite of value-added services that include carbon offset and decarbonization strategies, energy efficiency consulting and emissions reporting.

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