Seeking Alpha

Richard Kinder purchases $28M of company stock

  • Kinder Morgan (KMI +1.6%) CEO Richard Kinder purchased about 828K shares of company stock this week at prices from $33.04 to $33.86 each - nearly $28M worth. It's a large amount, but stands against his previous holdings of more than 230M shares.
  • SEC Form 4
Comments (20)
  • gawilley
    , contributor
    Comments (501) | Send Message
     
    Leading by example... Thanks Richard. We have faith in you because you put your proverbial money where your mouth is. Long KMI and KMP.
    19 Dec 2013, 12:50 PM Reply Like
  • vismadeb
    , contributor
    Comments (59) | Send Message
     
    my man - Mr. Kinder! Thanks for your sign of support - us little guys needed that :)
    19 Dec 2013, 12:50 PM Reply Like
  • sarichter
    , contributor
    Comments (277) | Send Message
     
    no we really didn't! i was really hoping prices would stay nice and low by January!
    19 Dec 2013, 11:09 PM Reply Like
  • Sumflow
    , contributor
    Comments (3641) | Send Message
     
    Stocks don't know that you own them: http://bit.ly/UCVdlP
    19 Dec 2013, 11:27 PM Reply Like
  • sarichter
    , contributor
    Comments (277) | Send Message
     
    I know.. but they should!
    20 Dec 2013, 08:10 AM Reply Like
  • linkdonald
    , contributor
    Comments (502) | Send Message
     
    If you take a look at the KMI/KMP pipeline map, it is easy to see that these investments (as well as my own) are long term. I have complete confidence in the company despite the feckless energy policy of the administration in Washington and it's knuckle dragging syncophants in places like Albany.
    19 Dec 2013, 12:54 PM Reply Like
  • wgrogers
    , contributor
    Comments (86) | Send Message
     
    Feckless, indeed.
    19 Dec 2013, 02:32 PM Reply Like
  • Sumflow
    , contributor
    Comments (3641) | Send Message
     
    Didn't the President just give Kinder Morgan a cross border permit, like the one it denied to Charlie Chaplin and his Keystone cops?

     

    Permit: http://1.usa.gov/1aTmCV0
    19 Dec 2013, 03:23 PM Reply Like
  • omarbradley
    , contributor
    Comments (966) | Send Message
     
    this is how a fuel cell network will in fact be deployed throughout the entire Continent of the USA. I'm not sure the technology will be effective as a vehicle transportation fuel...we'll find out next year. But as a fuel for distributed power this is "the final piece of the puzzle." this solves the problem inherent in the deployment of wind power which not only hits at peak power every time (you can set your watch by it) but only needs a few extra hours to cover the bulk of electrical demand for pretty much the entire USA. the impact on the cost for generating electricity in the USA could be truly dramatic. while it won't be "meterless power" it could become "darn near zero" thus solving once and for all the problem of people's home heating bills. needless to say the impact for heavy industrial use will be equally dramatic as well. i still think and already installed nuker with a quality installed (meaning paying customer) base is a FORMIDABLE competitor so my view of ETR as a great way to play this remains on the table.
    19 Dec 2013, 12:59 PM Reply Like
  • Sumflow
    , contributor
    Comments (3641) | Send Message
     
    Omarbradley

     

    Funny!!
    19 Dec 2013, 03:24 PM Reply Like
  • SaltyDog62
    , contributor
    Comments (711) | Send Message
     
    I like this guy Mr. Kinder. Note: Open for adoption, although kinda old now...
    19 Dec 2013, 01:00 PM Reply Like
  • tomlos
    , contributor
    Comments (1109) | Send Message
     
    Agreed, this is a vote of confidence and next time I get some funding, I am doubling up my position... Long KMI and will continue to be!
    19 Dec 2013, 01:04 PM Reply Like
  • Sumflow
    , contributor
    Comments (3641) | Send Message
     
    What about margin?
    19 Dec 2013, 03:18 PM Reply Like
  • Uncle Pie
    , contributor
    Comments (2828) | Send Message
     
    The Capital Group Companies, which manage the American Funds Group, are pretty astute investors. They own over 8% of KMI.

     

    Long KMI & KMP.
    19 Dec 2013, 01:44 PM Reply Like
  • Sumflow
    , contributor
    Comments (3641) | Send Message
     
    If you think it is relevent what some companies reported owning last summer.

     

    KMR

     

    Kayne Anderson Capital Advisors, L.P. 7.31%
    ClearBridge Investments, LLC 4.44%
    Cortland Advisors LLC 3.15%
    Tortoise Capital Advisors, LLC 2.84%
    Energy Income Partners, LLC 2.64%
    Harvest Fund Advisors LLC 2.38%
    Center Coast Capital Advisers, LP 2.13%
    Managed Account Advisors, LLC 1.90%
    Salient Capital Advisors, LLC 1.45%
    Goldman Sachs Group, Inc. 1.45%
    19 Dec 2013, 03:17 PM Reply Like
  • mydogmoe
    , contributor
    Comments (328) | Send Message
     
    You have to love a guy who puts his money where his mouth is...
    19 Dec 2013, 02:07 PM Reply Like
  • Sumflow
    , contributor
    Comments (3641) | Send Message
     
    There is only one reason insiders buy there own stock, they think the stock is a bargain and has tremendous upside potential.

     

    These guys don't live in a vacuum. They have the Specialists on the floor placing the orders along side there own. They may get in a little early. But Richard Kinder does not have a habit of getting in late.

     

    Now is when the Seasonal bottom is due. It can be seen on this chart that Richard Kinder buys shares in his own companies when the shares are bottoming out. http://stks.co/a00yk

     

    Contact me if you need a copy of Credit Suisse's report on the Seasonal low.
    19 Dec 2013, 02:30 PM Reply Like
  • aretailguy
    , contributor
    Comments (1055) | Send Message
     
    Sumflow, isn't R. Kinder's largest position in KMI, not KMR?
    19 Dec 2013, 02:44 PM Reply Like
  • jpmj4847
    , contributor
    Comments (507) | Send Message
     
    Thanks, Sumflow as aways your link and insight are very informative and your annalist of Richard Kinder is right on. jpmj4847
    19 Dec 2013, 06:18 PM Reply Like
  • Sumflow
    , contributor
    Comments (3641) | Send Message
     
    Most of those shares in KMI he got for free. The KMR shares are purchases. He had to spend his own money to buy them.

     

    Many shareholders own a blend. http://stks.co/a00yk
    19 Dec 2013, 03:06 PM Reply Like
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