- Kinder Morgan (KMI) ended with a small decline, giving back morning gains that followed CEO Richard Kinder disclosing his purchase of 100K shares of KMI's stock yesterday at an average price of $32.97 each.
- The $3.3M purchase increased Kinder's direct stake in the company to nearly 232M million shares, or ~22.3% of its common stock; he also controls another 11.1M shares held in a limited partnership and by his spouse.
- KMI closed -0.6% after gaining as much as 1% earlier.
Kinder Morgan CEO discloses buying 100K shares worth $3.3M
Feb 21 2014, 16:30 ET