Kayne Anderson Energy Development (KED) Receives Daily News Impact Score of 0.22
News coverage about Kayne Anderson Energy Development (NYSE:KED) has been trending somewhat positive recently, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Kayne Anderson Energy Development earned a news impact score of 0.22 on Accern’s scale. Accern also assigned media headlines about the investment management company an impact score of 45.9172386429968 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media headlines that may have effected Accern Sentiment’s analysis:
- Financial Comparison: Fifth Street Senior Floating Rate Corp. (FSFR) and Kayne Anderson Energy Development (KED) (americanbankingnews.com)
- Kayne Anderson Energy Development Company Provides Unaudited Balance Sheet Information and Announces its Net Asset Value and Asset Coverage Ratios at September 30, 2017 (finance.yahoo.com)
- Kayne Anderson Energy Development Co. Announces Quarterly Dividend of $0.40 (KED) (americanbankingnews.com)
- Kayne Anderson Energy Development declares $0.40 dividend (seekingalpha.com)
Kayne Anderson Energy Development (NYSE KED) traded down 1.55% during mid-day trading on Friday, reaching $17.12. The company’s stock had a trading volume of 33,099 shares. The firm’s 50 day moving average is $16.75 and its 200-day moving average is $17.78. Kayne Anderson Energy Development has a 12-month low of $15.71 and a 12-month high of $20.46.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Monday, October 9th will be given a $0.40 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $1.60 annualized dividend and a dividend yield of 9.35%.
A number of analysts have issued reports on the company. Stifel Nicolaus set a $23.00 price objective on Kayne Anderson Energy Development and gave the stock a “buy” rating in a research note on Saturday, June 24th. Zacks Investment Research downgraded Kayne Anderson Energy Development from a “hold” rating to a “sell” rating in a research note on Thursday, July 20th.
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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