|KMI shares rise as Richard Kinder buys 300K shares|
Nov. 1, 2019 11:13 AM ET|About: Kinder Morgan, Inc. (KMI)|By: Carl Surran, SA News Editor
Kinder Morgan ( KMI +1.8%) shoots higher following a disclosure that Executive Chairman Richard Kinder bought 300K shares worth ~$6M, at an average price of $20.17/share.
Kinder now owns 242.2M KMI shares in a personal account, and an additional 11.8M shares through a limited partnership, according to SEC filings.
The purchase is Kinder's first since August, though he has been a steady buyer of KMI shares, with YTD purchases now totaling more than $130M.