Insider buying has been anemic as the quarter closes and most companies have self imposed blackouts before earnings are released but pipeline companies are attracting insiders. Last week Tall Grass Energy CEO bought shares and this past week, Kinder Morgan and Plains GP insiders are stepping up.
Kinder Morgan KMI Chairman of the Board and legendary founder, Richard Kinder buys $8.6 million at $17.55. Fundamentals for pipeline companies look good under the Trump administration.
Lions Gate Entertainment LGF.B Officer Burns buys $1 million at $20.43 near a 52-wk low of this rumored buyout candidate. John Malone looks like he is selling so we wouldn’t be buying either.
Plains GP Holdings PAGP Director Raymond buys 25,000 shares at $23.40. Plains GP is the general partner of this Permian basin pipeline operator.
Spark Energy SPKE Hope springs eternal as Chairman of the Board, Maxwell, buys 71,712 shares as Spark makes a 52 week low.
Elanco Animal Health ELAN CEO Simmons scoops up 22,000 shares at $24 on the Company’s IPO