Published On: Wed, Oct 19th, 2016

Kayne Anderson Energy Development Company (NYSE:KED) – Broker Update

Below are the most recently updated broker updates which include ratings and price targets for Kayne Anderson Energy Development Company (NYSE:KED).

02/16/2016 – Broker: Ladenburg Thalmann Rating: neutral downgrade

11/12/2015 – Broker: Stifel Nicolaus Rating: hold downgrade

05/01/2015 – Broker: Zacks Rating: strong sell downgrade

07/22/2014 – Broker: Acumen Capital Rating: speculative buy New Target: 0.35 newcoverage

The average price target from the most recent broker reports is 0.35

The stock increased +0.60% (+0.11) during the last days session, reaching 18.57 and roughly 27148 shares were bought or sold by traders. Kayne Anderson Energy Development Company (NYSE:KED) has decreased by -6.59% over 12 months.

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. KA Fund Advisors, LLC is the advisor of the Fund.