Media stories about Kayne Anderson Energy Development (NYSE:KED) have been trending somewhat positive on Sunday, according to Accern. The research group identifies negative and positive 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 negative one to one, with scores closest to one being the most favorable. Kayne Anderson Energy Development earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned press coverage about the investment management company an impact score of 46.2424971752297 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Kayne Anderson Energy Development (NYSE:KED) traded down 0.18% during trading on Friday, hitting $16.61. 60,951 shares of the stock traded hands. The stock has a 50 day moving average price of $17.11 and a 200-day moving average price of $18.41. The stock’s market cap is $178.11 million. Kayne Anderson Energy Development has a 52-week low of $15.71 and a 52-week high of $20.46.
Several research firms have recently commented on KED. Stifel Nicolaus set a $23.00 target price on shares of Kayne Anderson Energy Development and gave the stock a “buy” rating in a report on Saturday, June 24th. Zacks Investment Research downgraded shares of Kayne Anderson Energy Development from a “buy” rating to a “hold” rating in a report on Wednesday, May 3rd.
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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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