Kayne Anderson Energy Development (KED) Earns News Impact Score of 0.22
Media stories about Kayne Anderson Energy Development (NYSE:KED) have trended somewhat positive on Friday, Accern Sentiment reports. The research firm identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Kayne Anderson Energy Development earned a news impact score of 0.22 on Accern’s scale. Accern also gave news coverage about the investment management company an impact score of 45.874462368956 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of Kayne Anderson Energy Development (NYSE:KED) opened at $15.15 on Friday. Kayne Anderson Energy Development has a 1-year low of $14.10 and a 1-year high of $20.46.
Separately, Stifel Nicolaus reiterated a “buy” rating and issued a $20.00 price objective on shares of Kayne Anderson Energy Development in a report on Sunday, September 10th.
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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