Insiders Showing These Energy Stocks Some Love

Proceeding to the insider buying in Apigee Corp (NASDAQ:APIC), Tim M. Wan, who serves as the Chief Financial Officer of the company, bought 4,000 shares yesterday at a weighted average price of $8.00 per share. Since this was Mr. Wan’s first reported transaction related to the company’s stock, his aggregate holding currently stands at said 4,000 shares. After making its public market debut in April of this year, shares of Apigee Corp (NASDAQ:APIC) have had a gradual decline and currently trade down by 54% from its IPO price of $17 per share. On September 10, analysts at Pacific Crest reiterated their ‘Overweight’ rating on the stock, but reduced their price target to $18 from $21, which at current market price represents a potential upside of 130%. Dan Loeb‘s Third Point reported in a regulatory filing that it owned over 3.16 million shares or 10.6% of the outstanding shares of the company at the end of June.

Finally, the Chairman and CEO of Dominion Midstream Partners LP (NYSE:DM), Thomas F. Farrell II, acquired 10,000 shares of the company yesterday at a weighted average price of $29.96. Accounting for this transaction, Mr. Farrell now owns 59,900 shares of the company indirectly through Farrell Investments, LLC and 10,000 shares directly. Dominion Midstream Partners LP (NYSE:DM) made its debut in the secondary markets in October 2014 through an IPO priced at $21 per share. Although the company’s shares are still trading up by 44% from that IPO debut price, on a year-to-date basis they are down by 20.5%. Dominion Midstream Partners LP currently pays a quarterly dividend of $0.19, which at current market price translates into an annual dividend yield of 2.47%. On September 11, analysts at Goldman Sachs downgraded the stock to ‘Sell’ from ‘Neutral’ and also lowered their price target on it to $34 from $39. Ken Griffin‘s Citadel Investment Group initiated a stake in the company by purchasing 1,779 shares during the second quarter. The stock was very lightly owned in our database, with just five investors holding 0.50% of the company’s outstanding shares.

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