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

Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as high as $9.22. Neuberger Berman Energy Infrastructure and Income Fund shares last traded at $9.16, with a volume of 117,944 shares trading hands.

Neuberger Berman Energy Infrastructure and Income Fund Price Performance

Neuberger Berman Energy Infrastructure and Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be paid a $0.0584 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 7.65%. Neuberger Berman Energy Infrastructure and Income Fund’s dividend payout ratio (DPR) is presently -227.59%.

Institutional Trading of Neuberger Berman Energy Infrastructure and Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in NML. Penserra Capital Management LLC acquired a new position in shares of Neuberger Berman Energy Infrastructure and Income Fund during the 3rd quarter worth $4,674,000. Kovitz Investment Group Partners LLC purchased a new stake in shares of Neuberger Berman Energy Infrastructure and Income Fund in the third quarter valued at about $2,659,000. Oppenheimer & Co. Inc. grew its position in shares of Neuberger Berman Energy Infrastructure and Income Fund by 13.5% in the fourth quarter. Oppenheimer & Co. Inc. now owns 317,607 shares of the investment management company’s stock valued at $2,804,000 after purchasing an additional 37,886 shares during the last quarter. Stifel Financial Corp raised its position in shares of Neuberger Berman Energy Infrastructure and Income Fund by 0.4% during the 3rd quarter. Stifel Financial Corp now owns 315,280 shares of the investment management company’s stock worth $2,585,000 after purchasing an additional 1,171 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Neuberger Berman Energy Infrastructure and Income Fund in the 4th quarter valued at approximately $1,615,000.

About Neuberger Berman Energy Infrastructure and Income Fund

Neuberger Berman Energy Infrastructure and Income Fund Inc is a closed ended fund of fund launched and managed by Neuberger Berman Management LLC. It is co-managed by Neuberger Berman LLC. The fund invests in the public equity markets. It primarily invests in master limited partnerships and limited liability companies.