Stifel Nicolaus restated their buy rating on shares of Kayne Anderson Energy Development Co. (NYSE:KED) in a research report report published on Sunday. Stifel Nicolaus currently has a $20.00 price target on the investment management company’s stock.

Separately, Zacks Investment Research downgraded Kayne Anderson Energy Development from a hold rating to a sell rating in a report on Thursday, July 20th.

Shares of Kayne Anderson Energy Development (KED) opened at 16.48 on Friday. The firm’s 50-day moving average is $16.78 and its 200-day moving average is $18.13. Kayne Anderson Energy Development has a 1-year low of $15.71 and a 1-year high of $20.46.

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Large investors have recently made changes to their positions in the business. TSP Capital Management Group LLC lifted its holdings in Kayne Anderson Energy Development by 3.8% in the first quarter. TSP Capital Management Group LLC now owns 13,500 shares of the investment management company’s stock valued at $263,000 after acquiring an additional 500 shares during the period. Janney Montgomery Scott LLC lifted its holdings in 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 valued at $292,000 after acquiring an additional 1,143 shares during the period. Ameriprise Financial Inc. acquired a new position in Kayne Anderson Energy Development in the first quarter valued at approximately $314,000. First Financial Equity Corporation acquired a new position in Kayne Anderson Energy Development in the first quarter valued at approximately $357,000. Finally, Parkside Investments LLC acquired a new position in Kayne Anderson Energy Development in the first quarter valued at approximately $384,000.

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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