Analyzing Blackrock Taxable Municipal Bond Trust (NYSE:BBN) & Kayne Anderson Energy Development (KED)

Kayne Anderson Energy Development (NYSE: KED) and Blackrock Taxable Municipal Bond Trust (NYSE:BBN) are both small-cap closed end funds companies, but which is the superior investment? We will compare the two businesses based on the strength of their institutional ownership, valuation, risk, earnings, dividends, profitability and analyst recommendations.

Analyst Recommendations

This is a breakdown of recent recommendations and price targets for Kayne Anderson Energy Development and Blackrock Taxable Municipal Bond Trust, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Kayne Anderson Energy Development 0 0 1 0 3.00
Blackrock Taxable Municipal Bond Trust 0 0 0 0 N/A

Kayne Anderson Energy Development presently has a consensus price target of $20.00, indicating a potential upside of 7.76%. Given Kayne Anderson Energy Development’s higher possible upside, equities research analysts plainly believe Kayne Anderson Energy Development is more favorable than Blackrock Taxable Municipal Bond Trust.

Profitability

This table compares Kayne Anderson Energy Development and Blackrock Taxable Municipal Bond Trust’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Kayne Anderson Energy Development -2,475.00% -13.79% -8.15%
Blackrock Taxable Municipal Bond Trust N/A N/A N/A

Earnings and Valuation

This table compares Kayne Anderson Energy Development and Blackrock Taxable Municipal Bond Trust’s revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
Kayne Anderson Energy Development N/A N/A N/A ($0.07) -265.14
Blackrock Taxable Municipal Bond Trust N/A N/A N/A N/A N/A

Dividends

Kayne Anderson Energy Development pays an annual dividend of $1.60 per share and has a dividend yield of 8.6%. Blackrock Taxable Municipal Bond Trust does not pay a dividend. Kayne Anderson Energy Development pays out -2,285.7% of its earnings in the form of a dividend.

Volatility and Risk

Kayne Anderson Energy Development has a beta of 1.27, meaning that its share price is 27% more volatile than the S&P 500. Comparatively, Blackrock Taxable Municipal Bond Trust has a beta of -0.05, meaning that its share price is 105% less volatile than the S&P 500.

Summary

Kayne Anderson Energy Development beats Blackrock Taxable Municipal Bond Trust on 5 of the 8 factors compared between the two stocks.

About Kayne Anderson Energy Development

Kayne Anderson Energy Development Company is a non-diversified, closed-end fund. The Fund’s investment objective is to generate both current income and capital appreciation, through equity and debt investments. It seeks to achieve this objective by investing approximately 80% of its total assets in securities of companies that derive their revenue from activities in the energy industry, including midstream energy companies, which operates assets used to gather, transport, process, treat, terminal and store natural gas, natural gas liquids, crude oil or refined petroleum products; upstream energy companies, which are engaged in the exploration, extraction and production of natural resources, including natural gas, natural gas liquids and crude oil, from onshore and offshore geological reservoirs, and other energy companies, which are engaged in owning, leasing, managing, producing, processing and selling of coal and coal reserves. KA Fund Advisors, LLC is the advisor of the Fund.

About Blackrock Taxable Municipal Bond Trust

BlackRock Taxable Municipal Bond Trust (the Trust) is a non-diversified, closed-end management investment company. The Trust’s investment objective is to seek high current income, with a secondary objective of capital appreciation. The Trust seeks to achieve its investment objectives by investing primarily in a portfolio of taxable municipal securities, including Build America Bonds (BABs), issued by state and local governments to finance capital projects, such as public schools, roads, transportation infrastructure, bridges, ports and public buildings. It also has the ability to invest up to 20% of its managed assets in securities other than taxable municipal securities. It may invest at least 80% of its managed assets in securities that at the time of purchase are investment-grade quality. It invests in various sectors, including utilities, transportation, education, tobacco, commercial services and supplies, and housing. The Trust’s investment manager is BlackRock Advisors, LLC.

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