Advisor Group Inc. increased its position in shares of Kayne Anderson Energy Development Co. (NYSE:KED) by 41.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 46,988 shares of the investment management company’s stock after purchasing an additional 13,794 shares during the quarter. Advisor Group Inc. owned approximately 0.44% of Kayne Anderson Energy Development worth $852,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ameriprise Financial Inc. raised its stake in Kayne Anderson Energy Development by 13.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 18,280 shares of the investment management company’s stock valued at $331,000 after purchasing an additional 2,174 shares during the last quarter. TSP Capital Management Group LLC lifted its holdings in Kayne Anderson Energy Development by 2.4% in the 2nd quarter. TSP Capital Management Group LLC now owns 13,825 shares of the investment management company’s stock valued at $251,000 after purchasing an additional 325 shares in the last quarter. Legal & General Group Plc lifted its holdings in Kayne Anderson Energy Development by 9.0% in the 2nd quarter. Legal & General Group Plc now owns 25,988 shares of the investment management company’s stock valued at $471,000 after purchasing an additional 2,137 shares in the last quarter. Parkside Investments LLC lifted its holdings in Kayne Anderson Energy Development by 22.8% in the 2nd quarter. Parkside Investments LLC now owns 24,200 shares of the investment management company’s stock valued at $439,000 after purchasing an additional 4,500 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in Kayne Anderson Energy Development by 1.6% in the 2nd quarter. Janney Montgomery Scott LLC now owns 15,245 shares of the investment management company’s stock valued at $276,000 after purchasing an additional 241 shares in the last quarter.

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Kayne Anderson Energy Development Co. (KED) opened at 17.33 on Monday. The stock’s 50 day moving average price is $16.59 and its 200 day moving average price is $17.97. Kayne Anderson Energy Development Co. has a one year low of $15.71 and a one year high of $20.46.

A number of equities research analysts have recently commented on KED shares. Zacks Investment Research cut shares of Kayne Anderson Energy Development from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th. Stifel Nicolaus restated a “buy” rating and set a $20.00 price target on shares of Kayne Anderson Energy Development in a research report on Sunday, September 10th.

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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Institutional Ownership by Quarter for Kayne Anderson Energy Development (NYSE:KED)

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