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Technology Stocks : KMI- a fallen high dividend yielder - for how long?
KMI 15.27-1.2%Dec 1 4:00 PM EST

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From: E_K_S3/2/2020 12:18:03 PM
   of 137
 
Kinder Morgan, Energy Transfer rally after insider buys
Mar. 2, 2020 10:58 AM ET|About: Kinder Morgan, Inc. (KMI)|By: Carl Surran, SA News Editor

Kinder Morgan ( KMI +2.3%) and Energy Transfer ( ET +3.8%) enjoy heady gains as prominent insiders made big purchases recently as shares were weakening, Barron's reports.

Kinder Morgan Executive Chairman Richard Kinder paid $6.2M on Feb. 26 for 300K KMI shares at an average price of $20.72/share, raising his holdings to 243.4M shares in a personal account and another 11.8M shares through a limited partnership.

Kinder paid 2.1% less than the $21.17 year-end 2019 price of Kinder Morgan stock; KMI dropped 9.4% YTD through Friday's close.

Energy Transfer Chairman and CEO Kelcy Warren paid $45.2M on Feb. 19 for 3.6M publicly traded units at an average price of $12.53, lifting his overall ownership to 255.6M units.

Warren paid 2.3% below Energy Transfer's $12.83 year-end closing price; ET units have since shed 13.6% YTD.

Kinder owns a stake of more than 11% in Kinder Morgan, while Warren owns 9.5% of Energy Transfer, according to S&P Capital IQ.
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