KYN Stock Summary and Trading Ideas (Kayne Anderson Mlp/Midstream Invest Co | NYSE:KYN)

The funds investment objective is to obtain a high after-tax total return by investing at least 85% of its total assets in energy-related master limited partnerships and their affiliates (“MLPs”) and in other companies that operate assets used in the gathering, transporting, processing, storing, refining, distributing, mining or marketing of natural gas, natural gas liquids, crude oil, refined petroleum products or coal (collectively with MLPs, “Midstream Energy Companies”).

Kayne Anderson Mlp/Midstream Invest Co trades on the NYSE stock market under the symbol KYN.

As of December 10, 2024, KYN stock price declined to $12.83 with 385,575 million shares trading.

KYN has a beta of 0.53, meaning it tends to be less sensitive to market movements. KYN has a correlation of 0.12 to the broad based SPY ETF.

KYN has a market cap of $2.17 billion. This is considered a Mid Cap stock.

In the last 3 years, KYN traded as high as $13.69 and as low as $7.26.

KYN has outperformed the market in the last year with a return of +62.9%, while the SPY ETF gained +32.5%. In the last 3 month period, KYN beat the market returning +22.8%, while SPY returned +10.6%. However, in the most recent 2 weeks KYN has underperformed the stock market by returning -3.8%, while SPY returned +0.9%.

KYN support price is $12.86 and resistance is $13.24 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that KYN shares will trade within this expected range on the day.