KMF - Watch for Continued Gains in Shares of Kayne Anderson NextGen Energy & Infrastructure Inc. (KMF)
Kayne Anderson NextGen Energy & Infrastructure Inc. (NYSE:KMF) traded today at a new 52-week high of $8.11. So far today approximately 88,000 shares have been exchanged, as compared to an average 30-day volume of 140,000 shares.
Kayne Anderson NextGen Energy & Infrastructure Inc. (NYSE:KMF) has potential upside of 503.7% based on a current price of $8.09 and analysts' consensus price target of $48.84.
In the past 52 weeks, shares of Kayne Anderson NextGen Energy & Infrastructure Inc. have traded between a low of $6.15 and a high of $8.11 and is now at $8.09, which is 32% above that low price.
The Fund seeks to provide a high level of total return with emphasis on making quarterly cash distributions. The Fund seeks to achieve its investment objective by investing at least 80% of its total assets in securities of companies in the Midstream/Energy sector, consisting of (a) Midstream MLPs, (b) Midstream Companies, (c) Other MLPs and (d) Other Energy Companies. The Fund may utilize leverage to the extent permitted by the 1940 Act and also expects to write call options on securities held, with the purpose of generating realized gains. The Fund may will invest in equity securities such as common units, preferred units, subordinated units, general partnership interests, common stocks, preferred stocks and convertible securities.
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