Neuberger Berman Energy Infrastructure and Income Fund (NYSEAMERICAN:NML) Stock Price Crosses Above 50-Day Moving Average – What’s Next?

Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $10.13 and traded as high as $10.40. Neuberger Berman Energy Infrastructure and Income Fund shares last traded at $10.30, with a volume of 111,489 shares trading hands.

Neuberger Berman Energy Infrastructure and Income Fund Stock Performance

The stock has a 50 day moving average price of $10.13 and a 200 day moving average price of $9.82.

Neuberger Berman Energy Infrastructure and Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be issued a $0.0701 dividend. This represents a c) dividend on an annualized basis and a yield of 8.2%. The ex-dividend date is Wednesday, July 15th. Neuberger Berman Energy Infrastructure and Income Fund’s dividend payout ratio (DPR) is -227.59%.

Institutional Investors Weigh In On Neuberger Berman Energy Infrastructure and Income Fund

A number of institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its stake in shares of Neuberger Berman Energy Infrastructure and Income Fund by 6.7% during the first quarter. Bank of America Corp DE now owns 3,827,535 shares of the investment management company’s stock valued at $40,227,000 after acquiring an additional 240,841 shares during the last quarter. Saba Capital Management L.P. increased its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 23.1% in the first quarter. Saba Capital Management L.P. now owns 1,743,054 shares of the investment management company’s stock valued at $18,319,000 after purchasing an additional 326,572 shares during the period. UBS Group AG increased its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 0.6% in the fourth quarter. UBS Group AG now owns 852,408 shares of the investment management company’s stock valued at $7,245,000 after purchasing an additional 4,775 shares during the period. Ameriprise Financial Inc. raised its position in Neuberger Berman Energy Infrastructure and Income Fund by 27.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 314,819 shares of the investment management company’s stock worth $2,747,000 after purchasing an additional 68,348 shares during the last quarter. Finally, Focus Partners Wealth raised its position in Neuberger Berman Energy Infrastructure and Income Fund by 1,070.6% during the 4th quarter. Focus Partners Wealth now owns 270,370 shares of the investment management company’s stock worth $2,298,000 after purchasing an additional 247,273 shares during the last quarter.

About Neuberger Berman Energy Infrastructure and Income Fund

Neuberger Berman Energy Infrastructure and Income Fund (NYSE American: NML) is a closed-end management investment company focused on generating attractive levels of current income by investing primarily in energy infrastructure companies. The fund’s portfolio is anchored by publicly traded master limited partnerships (MLPs) and other energy-related equity securities, with an emphasis on midstream operators engaged in activities such as crude oil and natural gas gathering, processing, transportation and storage.

Through its core investments in North American energy infrastructure, the fund seeks to capture distribution yields and potential long-term capital appreciation associated with essential oil and gas systems.