Kinder Morgan Inc.’s stock shot up 6% in after-hours trade Tuesday, after Warren Buffett’s Berkshire Hathaway Inc. disclosed in a regulatory filing that it owned a new 26.5 million share stake in the oil and gas pipeline company as of Dec. 31. The stock had tumbled 46% during the fourth-quarter, to end 2015 with a 65% loss on the year, as oil prices tumbled. So far this year, the stock closed has gained 4.7%, while the S&P 500 has lost 7.3%. The stock had closed at a record low of $12.01 on Jan. 20, then started rallying after the company had reported a surprise fourth-quarter loss and slashed its dividend. Late Friday, David Tepper’s hedge fund Appaloosa Management disclosed that it owned a new 10.9 million share stake in Kinder Morgan as of Dec. 31; the stock jumped 4.4% during Friday’s regular session.
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