Media stories about Kayne Anderson Energy Development (NYSE:KED) have been trending somewhat positive on Wednesday, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty 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 0.24 on Accern’s scale. Accern also assigned headlines about the investment management company an impact score of 46.758862435402 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Separately, Stifel Nicolaus reaffirmed a “buy” rating and set a $20.00 price target on shares of Kayne Anderson Energy Development in a research note on Friday, October 13th.
Shares of Kayne Anderson Energy Development (NYSE KED) opened at $15.20 on Wednesday. Kayne Anderson Energy Development has a 52 week low of $14.10 and a 52 week high of $20.46.
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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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