Somewhat Positive Media Coverage Somewhat Unlikely to Affect Kayne Anderson Energy Development (KED) Share Price
Media stories about Kayne Anderson Energy Development (NYSE:KED) have been trending somewhat positive this week, Accern Sentiment reports. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest 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 news headlines about the investment management company an impact score of 46.2451532507783 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Shares of Kayne Anderson Energy Development (KED) traded up 0.36% during mid-day trading on Friday, reaching $16.80. 18,857 shares of the company’s stock were exchanged. The stock has a 50 day moving average price of $16.98 and a 200 day moving average price of $18.28. Kayne Anderson Energy Development has a 52 week low of $15.71 and a 52 week high of $20.46.
KED has been the topic of a number of recent research reports. Stifel Nicolaus set a $23.00 price target on shares of Kayne Anderson Energy Development and gave the stock a “buy” rating in a research note on Saturday, June 24th. Zacks Investment Research lowered shares of Kayne Anderson Energy Development from a “hold” rating to a “sell” rating in a research note on Thursday, July 20th.
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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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