Key Points
- President James Baker purchased 25,000 shares on April 8 at an average price of $13.67 for a total of $341,750, raising his holdings to 978,019 shares (a 2.62% increase) valued at about $13.37 million.
- The fund declared a $0.085 monthly dividend payable April 30 to shareholders of record on April 15 (ex-dividend date April 15), implying a roughly 7.4% yield.
- Several institutional investors (including Rockefeller, Zazove and NewEdge) boosted their Q4 positions, and KYN is a closed-end fund focused on energy infrastructure/MLPs pursuing current income and long-term capital appreciation since 2014.
Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN - Get Free Report) President James Baker purchased 25,000 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction dated Wednesday, April 8th. The stock was bought at an average price of $13.67 per share, for a total transaction of $341,750.00. Following the completion of the purchase, the president owned 978,019 shares in the company, valued at $13,369,519.73. This represents a 2.62% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Kayne Anderson Energy Infrastructure Fund Stock Performance
KYN opened at $13.87 on Thursday. The company's 50 day moving average is $13.86 and its 200-day moving average is $12.69. Kayne Anderson Energy Infrastructure Fund, Inc. has a 1-year low of $10.30 and a 1-year high of $14.69.
Kayne Anderson Energy Infrastructure Fund Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Wednesday, April 15th will be paid a $0.085 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date is Wednesday, April 15th.
Institutional Investors Weigh In On Kayne Anderson Energy Infrastructure Fund
A number of hedge funds have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. boosted its position in Kayne Anderson Energy Infrastructure Fund by 3.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 202,048 shares of the financial services provider's stock worth $2,501,000 after buying an additional 6,681 shares during the period. Corient Private Wealth LLC boosted its position in Kayne Anderson Energy Infrastructure Fund by 52.4% during the 4th quarter. Corient Private Wealth LLC now owns 18,637 shares of the financial services provider's stock worth $231,000 after buying an additional 6,409 shares during the period. Mercer Global Advisors Inc. ADV boosted its position in Kayne Anderson Energy Infrastructure Fund by 12.0% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 39,977 shares of the financial services provider's stock worth $495,000 after buying an additional 4,277 shares during the period. Zazove Associates LLC boosted its position in Kayne Anderson Energy Infrastructure Fund by 7.0% during the 4th quarter. Zazove Associates LLC now owns 414,961 shares of the financial services provider's stock worth $5,137,000 after buying an additional 27,000 shares during the period. Finally, NewEdge Advisors LLC raised its holdings in Kayne Anderson Energy Infrastructure Fund by 89.0% during the 4th quarter. NewEdge Advisors LLC now owns 193,086 shares of the financial services provider's stock worth $2,390,000 after purchasing an additional 90,898 shares during the last quarter.
Kayne Anderson Energy Infrastructure Fund Company Profile
(
Get Free Report)
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.
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