Kayne Anderson Energy Infrastructure Fund reports a net asset value of $2.4 billion as of January 31, 2025.
Quiver AI Summary
Kayne Anderson Energy Infrastructure Fund, Inc. announced its unaudited financial results as of January 31, 2025, reporting net assets of $2.4 billion and a net asset value per share of $14.46. The fund's asset coverage ratios were 623% for senior securities representing indebtedness and 476% for total leverage, indicating strong financial health. The fund's portfolio is primarily invested in midstream energy companies, making up 94% of its long-term investments. The ten largest holdings include major firms such as Energy Transfer LP and Enterprise Products Partners L.P. As a closed-end management investment company, Kayne Anderson aims to provide a high after-tax total return to shareholders by investing significantly in energy infrastructure.
Potential Positives
- The Company reported a significant net asset value of $2.4 billion, which indicates a solid financial foundation.
- The net asset value per share is $14.46, providing a measure of shareholder value that can attract investors.
- The asset coverage ratio for senior securities representing indebtedness is reported at an impressive 623%, indicating strong financial stability and a buffer against potential liabilities.
- The investment portfolio is heavily focused on Midstream Energy Companies (94%), positioning the Company well within the growing energy infrastructure sector.
Potential Negatives
- The press release does not provide any financial results or highlights beyond the net asset value and asset coverage ratios, which may indicate a lack of significant progress or achievements to report.
- The high asset coverage ratio may raise concerns about the company's reliance on leveraging its investments, which can increase risks during market downturns.
- The cautionary note includes a broad range of high-level risks, which could signal to investors that the company may face substantial challenges ahead in achieving its investment objectives.
FAQ
What is the net asset value of Kayne Anderson Energy Infrastructure Fund as of January 31, 2025?
The net asset value per share of the Company is $14.46 as of January 31, 2025.
What are the company's total assets and liabilities as of January 31, 2025?
The total assets amount to $3,469.1 million, and total liabilities are $377.9 million as of January 31, 2025.
What is the asset coverage ratio of the company under the 1940 Act?
The asset coverage ratio with respect to senior securities is 623%, and for total leverage, it is 476% as of January 31, 2025.
What percentage of investments is allocated to midstream energy companies?
94% of the Company's long-term investments are allocated to Midstream Energy Companies.
How many common shares were outstanding as of January 31, 2025?
As of January 31, 2025, there were 169,126,038 common shares outstanding.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$KYN Insider Trading Activity
$KYN insiders have traded $KYN stock on the open market 5 times in the past 6 months. Of those trades, 5 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $KYN stock by insiders over the last 6 months:
- INVESTMENT MANAGEMENT, LLC METLIFE has made 4 purchases buying 15,280,000 shares for an estimated $9,600,000 and 0 sales.
- HARRISON JAMES LITTLE (Executive Vice President) purchased 5,000 shares for an estimated $65,193
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$KYN Hedge Fund Activity
We have seen 105 institutional investors add shares of $KYN stock to their portfolio, and 72 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BROWN ADVISORY INC removed 2,708,476 shares (-98.6%) from their portfolio in Q3 2024, for an estimated $29,793,236
- PENSERRA CAPITAL MANAGEMENT LLC removed 997,071 shares (-70.2%) from their portfolio in Q3 2024, for an estimated $10,967,781
- ZAZOVE ASSOCIATES LLC added 676,943 shares (+inf%) to their portfolio in Q3 2024, for an estimated $7,446,373
- RIVERNORTH CAPITAL MANAGEMENT, LLC removed 529,152 shares (-54.7%) from their portfolio in Q3 2024, for an estimated $5,820,672
- RAYMOND JAMES & ASSOCIATES removed 475,724 shares (-18.4%) from their portfolio in Q3 2024, for an estimated $5,232,964
- MERIDIAN WEALTH MANAGEMENT, LLC added 404,911 shares (+inf%) to their portfolio in Q3 2024, for an estimated $4,454,021
- MORGAN STANLEY added 381,806 shares (+4.2%) to their portfolio in Q3 2024, for an estimated $4,199,866
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
HOUSTON, Feb. 03, 2025 (GLOBE NEWSWIRE) -- Kayne Anderson Energy Infrastructure Fund, Inc. (the “Company”) (NYSE: KYN) today provided a summary unaudited statement of assets and liabilities and announced its net asset value and asset coverage ratios under the Investment Company Act of 1940 (the “1940 Act”) as of January 31, 2025.
As of January 31, 2025, the Company’s net assets were $2.4 billion, and its net asset value per share was $14.46. As of January 31, 2025, the Company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 623% and the Company’s asset coverage ratio under the 1940 Act with respect to total leverage (debt and preferred stock) was 476%.
STATEMENT OF ASSETS AND LIABILITIES
JANUARY 31, 2025 // (UNAUDITED) |
|||||||
(in millions) | |||||||
Investments | $ | 3,450.6 | |||||
Cash and cash equivalents | 1.8 | ||||||
Accrued income | 9.9 | ||||||
Current tax asset, net | 6.4 | ||||||
Other assets | 0.4 | ||||||
Total assets | 3,469.1 | ||||||
Credit facility | 87.0 | ||||||
Notes | 409.7 | ||||||
Unamortized notes issuance costs | (2.7 | ) | |||||
Preferred stock | 153.6 | ||||||
Unamortized preferred stock issuance costs | (1.3 | ) | |||||
Total leverage | 646.3 | ||||||
Payable for securities purchased | 18.8 | ||||||
Other liabilities | 16.3 | ||||||
Deferred tax liability, net | 342.8 | ||||||
Total liabilities | 377.9 | ||||||
Net assets | $ | 2,444.9 | |||||
The Company had 169,126,038 common shares outstanding as of January 31, 2025.
Long-term investments were comprised of Midstream Energy Companies (94%), Utility Companies (4%) and Other (2%).
The Company’s ten largest holdings by issuer at January 31, 2025 were:
Amount
(in millions)* |
% Long Term
Investments |
||||||
1. | Energy Transfer LP (Midstream Energy Company) | $390.7 | 11.3 | % | |||
2. | Enterprise Products Partners L.P. (Midstream Energy Company) | 338.2 | 9.8 | % | |||
3. | The Williams Companies, Inc. (Midstream Energy Company) | 327.6 | 9.5 | % | |||
4. | MPLX LP (Midstream Energy Company) | 320.4 | 9.3 | % | |||
5. | Cheniere Energy, Inc. (Midstream Energy Company) | 256.3 | 7.4 | % | |||
6. | Targa Resources Corp. (Midstream Energy Company) | 208.8 | 6.1 | % | |||
7. | Kinder Morgan, Inc. (Midstream Energy Company) | 207.3 | 6.0 | % | |||
8. | ONEOK, Inc. (Midstream Energy Company) | 183.1 | 5.3 | % | |||
9. | TC Energy Corporation (Midstream Energy Company) | 155.6 | 4.5 | % | |||
10. | Western Midstream Partners, LP (Midstream Energy Company) | 151.2 | 4.4 | % | |||
* | Includes ownership of common and preferred units. | ||||||
Portfolio holdings are subject to change without notice. The mention of specific securities is not a recommendation or solicitation for any person to buy, sell or hold any particular security. You can obtain a complete listing of holdings by viewing the Company’s most recent quarterly or annual report.
Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940, as amended, whose common stock is traded on the NYSE. The Company's investment objective is to provide a high after-tax total return with an emphasis on making cash distributions to stockholders. KYN intends to achieve this objective by investing at least 80% of its total assets in securities of Energy Infrastructure Companies. See Glossary of Key Terms in the Company’s most recent quarterly report for a description of these investment categories and the meaning of capitalized terms.
This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of any securities in any jurisdiction in which such offer or sale is not permitted. Nothing contained in this press release is intended to recommend any investment policy or investment strategy or consider any investor’s specific objectives or circumstances. Before investing, please consult with your investment, tax, or legal adviser regarding your individual circumstances.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This communication contains statements reflecting assumptions, expectations, projections, intentions, or beliefs about future events. These and other statements not relating strictly to historical or current facts constitute forward-looking statements as defined under the U.S. federal securities laws. Forward-looking statements involve a variety of risks and uncertainties. These risks include but are not limited to changes in economic and political conditions; regulatory and legal changes; energy industry risk; leverage risk; valuation risk; interest rate risk; tax risk; and other risks discussed in detail in the Company’s filings with the SEC, available at www.kaynefunds.com or www.sec.gov . Actual events could differ materially from these statements or our present expectations or projections. You should not place undue reliance on these forward-looking statements, which speak only as of the date they are made. Kayne Anderson undertakes no obligation to publicly update or revise any forward-looking statements made herein. There is no assurance that the Company’s investment objectives will be attained.
Contact investor relations at 877-657-3863 or [email protected] .