Camelot Portfolios LLC decreased its position in shares of Kayne Anderson Energy Development Co. (NYSE:KED) by 6.2% during the second quarter, Holdings Channel reports. The institutional investor owned 19,499 shares of the investment management company’s stock after selling 1,282 shares during the period. Camelot Portfolios LLC’s holdings in Kayne Anderson Energy Development were worth $353,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Sit Investment Associates Inc. increased its position in shares of Kayne Anderson Energy Development by 30.6% in the first quarter. Sit Investment Associates Inc. now owns 116,151 shares of the investment management company’s stock worth $2,264,000 after buying an additional 27,192 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Kayne Anderson Energy Development by 8.2% in the first quarter. Janney Montgomery Scott LLC now owns 15,004 shares of the investment management company’s stock worth $292,000 after buying an additional 1,143 shares in the last quarter. Usca Ria LLC increased its position in shares of Kayne Anderson Energy Development by 15.8% in the first quarter. Usca Ria LLC now owns 21,935 shares of the investment management company’s stock worth $428,000 after buying an additional 3,000 shares in the last quarter. Allegis Investment Advisors LLC increased its position in shares of Kayne Anderson Energy Development by 32.1% in the first quarter. Allegis Investment Advisors LLC now owns 20,541 shares of the investment management company’s stock worth $400,000 after buying an additional 4,986 shares in the last quarter. Finally, Ameriprise Financial Inc. acquired a new position in shares of Kayne Anderson Energy Development during the first quarter worth approximately $314,000.

Kayne Anderson Energy Development Co. (KED) opened at 17.21 on Monday. Kayne Anderson Energy Development Co. has a one year low of $16.42 and a one year high of $20.46. The company’s 50 day moving average price is $17.59 and its 200-day moving average price is $18.77.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Monday, July 10th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 9.30%. The ex-dividend date was Thursday, July 6th.

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A number of equities analysts recently commented on KED shares. Zacks Investment Research downgraded Kayne Anderson Energy Development from a “buy” rating to a “hold” rating and set a $21.00 target price for the company. in a report on Wednesday, April 26th. Stifel Nicolaus set a $23.00 target price on Kayne Anderson Energy Development and gave the company a “buy” rating in a report on Saturday, June 24th.

About Kayne Anderson Energy Development

Kayne Anderson Energy Development Company is a non-diversified, closed-end fund. The Fund’s investment objective is to generate both current income and capital appreciation, through equity and debt investments. It seeks to achieve this objective by investing approximately 80% of its total assets in securities of companies that derive their revenue from activities in the energy industry, including midstream energy companies, which operates assets used to gather, transport, process, treat, terminal and store natural gas, natural gas liquids, crude oil or refined petroleum products; upstream energy companies, which are engaged in the exploration, extraction and production of natural resources, including natural gas, natural gas liquids and crude oil, from onshore and offshore geological reservoirs, and other energy companies, which are engaged in owning, leasing, managing, producing, processing and selling of coal and coal reserves.

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Institutional Ownership by Quarter for Kayne Anderson Energy Development (NYSE:KED)

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