Zacks Investment Research upgraded shares of Kayne Anderson Energy Development Co. (NYSE: KED) from an ?underperform? rating to a ?neutral? rating in a research note to investors on Tuesday.
Shares of Kayne Anderson Energy Development Co. opened at 18.50 on Friday. Kayne Anderson Energy Development Co. has a 52 week low of $13.67 and a 52 week high of $19.92. The stock?s 50-day moving average is $18.97 and its 200-day moving average is $18.47. The company has a market cap of $190.3 million and a price-to-earnings ratio of 3.04.
Kayne Anderson Energy Development Company is a non-diversified, closed-end management investment company. Its investment objective is to generate both current income and capital appreciation primarily through equity and debt investments. It invests at least 80% of its total assets in securities of energy companies. Kayne Anderson Energy Development Company?s primary focus area for its investments in the energy industry is equity and debt investments in Midstream Energy Companies structured as limited partnerships. The Company?s investment advisor is KA Fund Advisors, LLC.
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