An officer at Kinder Morgan Management, LLC (NYSE:KMR) was buying stock at prices just under $76 per share. Kinder Morgan Management, LLC (NYSE:KMR)’s stock price year to date is about flat following a recent drop, as research analysts at Hedgeye have questioned the company’s valuation. The Kinder Morgan network of companies is one of the largest players in transporting natural gas, oil, and other petroleum products and would be expected to benefit from the same trends as Williams Companies, Inc. (NYSE:WMB). It is valued at 27 times consensus adjusted earnings for 2014.
El Paso Pipeline Partners, L.P. (NYSE:EPB) rounds out our list of stocks with recent insider purchases as the company’s COO bought 18,000 shares. Investors may want to take the widespread insider optimism on pipeline companies as a cue to investigate the industry more generally. El Paso Pipeline Partners, L.P. (NYSE:EPB) has been consistently increasing its dividend since 2008 and its yield currently stands at a bit over 6%. In addition, the stock’s beta is quite low at 0.2, so at least in statistical terms the stock has shown little correlation to the overall economy.
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Disclosure: I own no shares of any stock mentioned in this article.