KMI - Insider Decision: Michael C Morgan Offloads $4.33M Worth Of Kinder Morgan Stock | Benzinga
Revealing a significant insider sell on April 24, Michael C Morgan, Director at Kinder Morgan (NYSE:KMI), as per the latest SEC filing.
What Happened: Morgan opted to sell 230,000 shares of Kinder Morgan, according to a Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday. The transaction's total worth stands at $4,328,600.
Kinder Morgan shares are trading down 0.4% at $18.73 at the time of this writing on Thursday morning.
About Kinder Morgan
Kinder Morgan is one of the largest midstream energy firms in North America, with an interest in or an operator on about 82,000 miles in pipelines and 139 storage terminals. The company is active in the transportation, storage, and processing of natural gas, crude oil, refined products, natural gas liquids, and carbon dioxide. The majority of Kinder Morgan's cash flows stem from fee-based contracts for handling, moving, and storing fossil fuel products.
Kinder Morgan: Financial Performance Dissected
Negative Revenue Trend: Examining Kinder Morgan's financials over 3 months reveals challenges. As of 31 March, 2024, the company experienced a decline of approximately -1.18% in revenue growth, reflecting a decrease in top-line ...