- Rcihard Kinder discloses buying nearly 200K shares of Kinder Morgan (KMI -2.4%) worth ~$6.4M, just four days after disclosure of a 100K share purchase worth ~$3.3M.
- The purchases may add to the perception, discussed in this weekend's negative Barron's piece, of an enormous transfer of wealth from MLP Kinder Morgan Partners (KMP -5.3%) to general partner KMI and that “the smart money has gravitated toward the GP.”
- Rich Kinder owns an $8.1B stake in KMI vs. just $26M in KMP.
- Also: KMR -4.6%, EPB -0.6%.
at CNBC.com (Nov 10, 2014)