An Insider Buys $3.0 Mln Worth of El Paso Pipeline Partners (EPB) Stock

On Feb. 11th, Richard Kinder, Board Director at El Paso Pipeline Partners, L.P. (NYSE:EPB), acquired 100,000 Common Shares of the company. The insider paid an average price of $30.04 per share, in a transaction that surpassed a total of $3 million.

El Paso Pipeline Partners, L.P. (NYSE:EPB) is a $7 billion market cap, Delaware-based company that owns and operates natural gas transportation pipelines and storage assets. Despite its industry leading margins, returns and dividend yield (8.6%), and a valuation at less than half its industry’s average, most analysts recommend holding on this stock for now. Why? Mainly because the company’s growth prospects for the years to come look quite limited. In fact, the market seems to have already picked up on this: after a relatively stable 2013, the stock plummeted. Over the past 90 days, the stock price fell more than 25%.

El Paso Pipeline Partners, L.P. (NYSE:EPB)

Mr. Kinder seems to have seen this price drop as an attractive entry point (at 15 times the firm’s earnings), and thus decided to add these 100,000 shares to his equity portfolio. The Board Director now owns 128,000 shares of El Paso Pipeline Partners, L.P. (NYSE:EPB).

Moreover, it is not only Mr. Kinder that seems to be fond of El Paso Pipeline Partners, L.P. (NYSE:EPB). Several of the top hedge fund bulls declared on their 13F filings that they had increased their stakes in the company. For instance, Jim Simons‘ Renaissance Technologies increased its holdings by 21% during the third quarter, and now owns 283,200 shares of the company.

On the other hand, Ken Griffin’s Citadel Investment Group reduced its stakes considerably over the past few months. So, with insiders and some funds betting on El Paso Pipeline Partners, L.P. (NYSE:EPB), and other funds and analysts feeling more bearish, is it time to invest in this stock? Or is it time to wait, while looking for better options in the industry?

Disclosure: Javier Hasse holds no position in any stocks mentioned

Recommended Reading:

Insider at Integrated Device Technology (IDTI) Makes A Million-Dollar Purchase Before Stock Price Continues to Escalate

Several Insiders Seem to Feel Confident about ADT Corp (ADT)

Two Insiders and Mason Hawkins Increase Their Bets on CONSOL Energy Inc. (CNX)

 

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!