{
  "id": 18599933,
  "title": "Kinder Morgan executive chairman Richard Kinder buys $15M in stock",
  "url": "https://urgent.news/2026/11/07/kinder-morgan-executive-chairman-richard-kinder-buys-15m-in-stock",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-07T00:16:04.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/kinder-morgan-executive-chairman-richard-kinder-buys-15m-in-stock-93CH-5009447"
  },
  "original_language": "en",
  "account": "In a significant move on November 6, 2026, Kinder Morgan executive chairman Richard Kinder purchased 500,000 shares of Class P Common Stock, amounting to $14,994,200. The shares were bought at prices between $29.92 and $29.99, with an average price of $29.9884 per share. This acquisition comes amid a 11% decline in the stock's value over the past week, though it is still considered undervalued by InvestingPro's Fair Value analysis. Currently valued at $67.25 billion, Kinder Morgan sports a P/E ratio of 18.72 and boasts a market capitalization of $67.25 billion.\n\nFollowing this transaction, Mr. Kinder now owns 246,712,353 shares directly and has indirect beneficial ownership of 61,479 shares through his spouse. A further 11,812,747 shares are held by a limited partnership, with Mr. Kinder disclaiming 99% of any beneficial interest. Kinder Morgan posted strong financial results for Q3 2026, with adjusted net income at $792 million or $0.35 per share, a 21% increase from the same period last year, surpassing analysts' estimates.\n\nRevenue also exceeded expectations by 3.6%, driven by higher LNG-related and intrastate natural gas volumes. This performance prompted Freedom Broker to upgrade the stock to a Buy rating, raising its price target to $39. Meanwhile, Kinder Morgan announced final investment decisions for two major projects, the Southeast Connector and Permian Link, increasing its project backlog to approximately $14.4 billion. Mizuho and UBS also raised their price targets for the stock to $39 and $43 respectively, while Argus and Stifel maintained a Buy rating but with higher price targets.\n\nAnalysts seem optimistic about Kinder Morgan's strategic initiatives and financial performance, highlighting the company's substantial project backlog and recent strong financial results.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}