Kayne Anderson Energy Development (NYSE: KED) is one of 552 publicly-traded companies in the “Closed End Funds” industry, but how does it weigh in compared to its rivals? We will compare Kayne Anderson Energy Development to related businesses based on the strength of its dividends, earnings, profitability, valuation, analyst recommendations, risk and institutional ownership.
Risk and Volatility
Kayne Anderson Energy Development has a beta of 1.27, indicating that its share price is 27% more volatile than the S&P 500. Comparatively, Kayne Anderson Energy Development’s rivals have a beta of 0.55, indicating that their average share price is 45% less volatile than the S&P 500.
Insider and Institutional Ownership
23.4% of shares of all “Closed End Funds” companies are owned by institutional investors. 4.2% of shares of all “Closed End Funds” companies are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.
This table compares Kayne Anderson Energy Development and its rivals’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Kayne Anderson Energy Development||-2,475.00%||-13.79%||-8.15%|
|Kayne Anderson Energy Development Competitors||448.91%||9.38%||7.52%|
Kayne Anderson Energy Development pays an annual dividend of $1.60 per share and has a dividend yield of 8.8%. Kayne Anderson Energy Development pays out -2,285.7% of its earnings in the form of a dividend. As a group, “Closed End Funds” companies pay a dividend yield of 7.7% and pay out 84.6% of their earnings in the form of a dividend. Kayne Anderson Energy Development is clearly a better dividend stock than its rivals, given its higher yield and lower payout ratio.
This is a summary of recent recommendations and price targets for Kayne Anderson Energy Development and its rivals, as provided by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Kayne Anderson Energy Development||0||0||1||0||3.00|
|Kayne Anderson Energy Development Competitors||275||1605||1956||36||2.45|
Kayne Anderson Energy Development presently has a consensus price target of $20.00, indicating a potential upside of 9.89%. As a group, “Closed End Funds” companies have a potential upside of 35.57%. Given Kayne Anderson Energy Development’s rivals higher possible upside, analysts plainly believe Kayne Anderson Energy Development has less favorable growth aspects than its rivals.
Earnings and Valuation
This table compares Kayne Anderson Energy Development and its rivals gross revenue, earnings per share and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|Kayne Anderson Energy Development||N/A||N/A||-260.00|
|Kayne Anderson Energy Development Competitors||$243.78 million||$46.31 million||260.70|
Kayne Anderson Energy Development’s rivals have higher revenue and earnings than Kayne Anderson Energy Development. Kayne Anderson Energy Development is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.
Kayne Anderson Energy Development rivals beat Kayne Anderson Energy Development on 9 of the 14 factors compared.
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. KA Fund Advisors, LLC is the advisor of the Fund.
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