Michael Hennigan Acquires 15,000 Shares of Kayne Anderson Energy Infrastructure Fund (NYSE:KYN) Stock

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) Director Michael Hennigan bought 15,000 shares of the stock in a transaction that occurred on Wednesday, June 24th. The stock was bought at an average cost of $13.57 per share, for a total transaction of $203,550.00. Following the completion of the purchase, the director directly owned 20,000 shares of the company’s stock, valued at $271,400. This represents a 300.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Kayne Anderson Energy Infrastructure Fund Price Performance

KYN stock opened at $13.77 on Friday. Kayne Anderson Energy Infrastructure Fund, Inc. has a one year low of $11.31 and a one year high of $14.69. The firm has a 50 day simple moving average of $13.83 and a two-hundred day simple moving average of $13.42.

Kayne Anderson Energy Infrastructure Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be given a dividend of $0.09 per share. This is an increase from Kayne Anderson Energy Infrastructure Fund’s previous monthly dividend of $0.09. The ex-dividend date is Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 7.8%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Johnson Investment Counsel Inc. increased its stake in Kayne Anderson Energy Infrastructure Fund by 2.0% in the fourth quarter. Johnson Investment Counsel Inc. now owns 42,491 shares of the financial services provider’s stock valued at $526,000 after acquiring an additional 821 shares during the last quarter. Secure Asset Management LLC lifted its stake in Kayne Anderson Energy Infrastructure Fund by 0.9% during the fourth quarter. Secure Asset Management LLC now owns 90,275 shares of the financial services provider’s stock worth $1,118,000 after purchasing an additional 827 shares during the last quarter. Chicago Partners Investment Group LLC boosted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 3.4% in the 1st quarter. Chicago Partners Investment Group LLC now owns 28,888 shares of the financial services provider’s stock worth $389,000 after purchasing an additional 947 shares in the last quarter. NewEdge Wealth LLC boosted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 4.0% in the 3rd quarter. NewEdge Wealth LLC now owns 26,100 shares of the financial services provider’s stock worth $300,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Mutual Advisors LLC boosted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 2.1% in the 4th quarter. Mutual Advisors LLC now owns 48,516 shares of the financial services provider’s stock worth $601,000 after purchasing an additional 1,011 shares in the last quarter.

Kayne Anderson Energy Infrastructure Fund Company Profile

The Kayne Anderson Energy Infrastructure Fund, Inc (NYSE: KYN) is a closed-end management investment company that focuses on energy infrastructure assets. The fund’s portfolio is primarily composed of equity securities of publicly traded partnerships—including master limited partnerships (MLPs)—and other energy-related companies. Key sectors in its midstream-oriented strategy include the transportation, storage, processing and distribution of natural gas, crude oil and refined products.

Since commencing operations in 2014, Kayne Anderson Energy Infrastructure Fund has pursued a dual objective of current income generation and long-term capital appreciation.