Director Fayez Sarofim Of Kinder Morgan Inc. (KMI) Acquired 200,000 Shares


Kinder Morgan Inc. (NYSE:KMI)’s Director Fayez Sarofim recently acquired 200,000 shares of Class P Common Stock, at a price of $34.15 per share. Following this transaction, Mr. Sarofim now beneficially owns 22,789,655 shares at the oil & gas transportation services company. The director also owns 2,005,553 shares through different indirect holdings at the $35.68 billion Market Cap Company.

The company has witnessed different insider transactions this year. Along with Mr. Sarofim, who has already acquired 400,000 shares this quarter, Chairman And Ceo D Richard Kinder acquired 399,165 shares, at prices ranging from $ 32.09 to $ 32.97 during Q1 and Q2 2014. Directors Michael John Stokes and Jaye Michael Miller procured respectively 40,000 shares, at an average price of $36.50, and 10,000 shares, at a price of $31.56. Additionally, Vice President, Dax Sanders acquired 1,000 shares at $ 32.35 during the first quarter of this year.

Moreover, three important hedge funds have increased significantly their stake at the company: D. E. Shaw’s D E Shaw increased its stake by 349%, holding now more than 6 million shares, worth approximately $195 million, and accounting for 0.27% of the fund’s Equity Portfolio. Also Jim Simons’s Renaissance Technologies increased its activity by 397%, and now holds almost 5 million shares at Kinder Morgan Inc. (NYSE:KMI), worth $162 million, and Bob Peck And Andy Raab’s Fpr Partners, with currently more than 5 million shares, valued at $169,916 million, and representing 5.64% of the fund’s Equity Portfolio.

Disclosure: None.

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