Kayne Anderson Energy Development Co. (NYSE:KED)

CAPS Rating: 2 out of 5

The Company is a newly organized investment company incorporated under the laws of the State of Maryland to invest primarily in Energy Companies that are not traded publicly.

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Member Avatar brow0905 (54.53) Submitted: 4/2/2013 4:02:00 PM : Outperform Start Price: $23.33 KED Score: +29.68

has underperformed the S&P in the past quarter, while the S&P has gotten frothy this little gem has a 6% yield to drive it along with solid earnings.

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Member Avatar GrossReturns (< 20) Submitted: 1/29/2011 7:14:18 PM : Outperform Start Price: $13.40 KED Score: +119.63

Kayne Anderson is the best manager in closed end energy space, and KED is by far the most undervalued of the funds they manage. This actually trades at about a 15% discount to NAV to be released 31 Jan 2011. Near term value of $21 per share, and a strong dividend payer to boot !

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Member Avatar fredmReston (48.32) Submitted: 10/25/2010 10:45:50 PM : Outperform Start Price: $12.52 KED Score: +125.75

Dividends!

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Member Avatar Jackcodak (63.50) Submitted: 12/13/2009 12:50:26 PM : Outperform Start Price: $10.02 KED Score: +191.08

I'm SOLD! Thank you guys for helping to explain this company's market niche. This likes ripe for Obamanomics...

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Member Avatar DragontoadX (< 20) Submitted: 3/20/2009 3:35:31 PM : Outperform Start Price: $6.35 KED Score: +321.79

Energy CEF below NAV

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Member Avatar doomdog144 (< 20) Submitted: 1/29/2009 12:12:54 AM : Outperform Start Price: $8.18 KED Score: +215.83

Another 500 of these for your roth is just fine with me.

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Member Avatar NetscribeFinancl (< 20) Submitted: 3/19/2007 2:25:24 AM : Outperform Start Price: $13.71 KED Score: +117.74

Kayne Anderson Energy Development Co. is an investment company which intends to invest primarily in energy companies that are not traded publicly. The company's investment objective is to generate current income and capital appreciation primarily through equity and debt investments. Kayne Anderson Fund Advisors will manage and advise on company's operations. It intends to invest 80% of its assets in securities of energy companies, which include midstream, upstream and other energy companies.

In September 2006, it completed its initial public offering and proceeds worth $233.2 millions were planned to invest in portfolio companies. It will invest only in those energy companies which has stable cash flows, consistent demand, increasing cash flow from internal growth, substantial growth from new projects, limited commodity price risk and good management.

As long as company maintains status of a Regulated Investment Company, it will not be required to pay federal income taxes on any ordinary income or capital gains. Thus it can distribute more to stockholders and offer better investment terms to potential portfolio companies compared to those offered by corporate-taxpaying competitors.

The investment advisory group gives them a competitive edge, as it enables company to identify and develop various investment opportunities in the target markets that may not be readily available with competitors. Its investment adviser’s team includes experienced individuals with extensive technical, industry and reserve engineering expertise and contacts in energy industry, thus enabling them to identify investments that offer superior potential for income and capital appreciation.

Long-term relationship of the group with the management of energy companies facilitates them identify long-term trends in the energy industry, providing it an edge over its competitors. The company is still at a nascent stage and seems as if it is here to stay.

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