Somewhat Positive Press Coverage Somewhat Unlikely to Impact Kayne Anderson Energy Development (KED) Share Price
Press coverage about Kayne Anderson Energy Development (NYSE:KED) has trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Kayne Anderson Energy Development earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned media stories about the investment management company an impact score of 46.2801719803414 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
KED has been the subject of several research reports. Zacks Investment Research downgraded Kayne Anderson Energy Development from a “buy” rating to a “hold” rating and set a $21.00 price objective for the company. in a research report on Wednesday, April 26th. Stifel Nicolaus set a $23.00 price objective on Kayne Anderson Energy Development and gave the stock a “buy” rating in a research report on Saturday, June 24th.
Shares of Kayne Anderson Energy Development (NYSE:KED) traded up 2.02% on Wednesday, hitting $16.70. The company had a trading volume of 35,158 shares. Kayne Anderson Energy Development has a 12 month low of $16.35 and a 12 month high of $20.46. The company has a 50-day moving average of $17.59 and a 200 day moving average of $18.74.
The business also recently announced a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Monday, July 10th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 9.58%. The ex-dividend date of this dividend was Thursday, July 6th.
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Kayne Anderson Energy Development Company Profile
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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