Recent Analysts’ Ratings Changes for Kinetik (KNTK)

Kinetik (NASDAQ: KNTK) recently received a number of ratings updates from brokerages and research firms:

• 3/13/2025 – Kinetik had its price target lowered by analysts at Royal Bank of Canada from $67.00 to $63.00. They now have an “outperform” rating on the stock.
• 3/6/2025 – Kinetik had its price target lowered by analysts at Scotiabank from $62.00 to $60.00. They now have a “sector outperform” rating on the stock.
• 3/6/2025 – Kinetik had its price target lowered by analysts at Barclays PLC from $61.00 to $57.00. They now have an “equal weight” rating on the stock.
• 2/28/2025 – Kinetik had its price target lowered by analysts at Wells Fargo & Company from $60.00 to $58.00. They now have an “equal weight” rating on the stock.
• 1/21/2025 – Kinetik had its price target lowered by analysts at Scotiabank from $64.00 to $62.00. They now have a “sector outperform” rating on the stock.

Kinetik Trading Down 1.4 %

NASDAQ:KNTK opened at $53.26 on Wednesday. Kinetik Holdings Inc. has a 12-month low of $36.84 and a 12-month high of $67.60. The stock has a 50-day moving average price of $59.87 and a 200 day moving average price of $54.99. The stock has a market capitalization of $8.40 billion, a P/E ratio of 19.65, a P/E/G ratio of 1.52 and a beta of 2.85.

Kinetik Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Monday, February 3rd were given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 5.86%. The ex-dividend date was Monday, February 3rd. Kinetik’s dividend payout ratio is currently 305.88%.

Insider Activity at Kinetik

In related news, major shareholder Isq Global Fund Ii Gp Llc sold 3,952,431 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $55.63, for a total transaction of $219,873,736.53. Following the completion of the transaction, the insider now directly owns 1,044,520 shares of the company’s stock, valued at approximately $58,106,647.60. This represents a 79.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.71% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Kinetik

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Barclays PLC boosted its holdings in Kinetik by 34.5% during the 3rd quarter. Barclays PLC now owns 234,286 shares of the company’s stock valued at $10,603,000 after acquiring an additional 60,058 shares during the period. Principal Financial Group Inc. bought a new stake in Kinetik during the 3rd quarter valued at $921,000. Allspring Global Investments Holdings LLC raised its position in Kinetik by 14,124.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 13,940 shares of the company’s stock valued at $820,000 after purchasing an additional 13,842 shares in the last quarter. Geode Capital Management LLC raised its position in Kinetik by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 877,887 shares of the company’s stock valued at $39,742,000 after purchasing an additional 13,644 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in Kinetik by 53.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 157,858 shares of the company’s stock valued at $7,145,000 after purchasing an additional 55,050 shares in the last quarter. Hedge funds and other institutional investors own 21.11% of the company’s stock.

Kinetik Holdings Inc operates as a midstream company in the Texas Delaware Basin. The company operates through two segments, Midstream Logistics and Pipeline Transportation. It provides gathering, transportation, compression, processing, stabilization, treating, storage, and transportation services for companies that produce natural gas, natural gas liquids, and crude oil; and water gathering and disposal services.