Saba Capital Management L.P. Grows Stake in Neuberger Berman Energy Infrastructure and Income Fund Inc. $NML

Saba Capital Management L.P. lifted its holdings in shares of Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) by 23.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,743,054 shares of the investment management company’s stock after acquiring an additional 326,572 shares during the period. Saba Capital Management L.P.’s holdings in Neuberger Berman Energy Infrastructure and Income Fund were worth $18,319,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in NML. Monetary Management Group Inc. boosted its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 30.0% in the second quarter. Monetary Management Group Inc. now owns 5,200 shares of the investment management company’s stock valued at $47,000 after purchasing an additional 1,200 shares in the last quarter. Fifth Third Bancorp acquired a new stake in Neuberger Berman Energy Infrastructure and Income Fund during the first quarter worth approximately $80,000. Evolve Private Wealth LLC purchased a new stake in shares of Neuberger Berman Energy Infrastructure and Income Fund during the 4th quarter worth approximately $89,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Neuberger Berman Energy Infrastructure and Income Fund by 8.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 14,762 shares of the investment management company’s stock worth $125,000 after buying an additional 1,112 shares during the last quarter. Finally, NorthRock Partners LLC acquired a new position in shares of Neuberger Berman Energy Infrastructure and Income Fund in the 3rd quarter valued at $135,000.

Neuberger Berman Energy Infrastructure and Income Fund Stock Performance

Shares of Neuberger Berman Energy Infrastructure and Income Fund stock opened at $10.28 on Tuesday. The company has a fifty day simple moving average of $10.15 and a 200-day simple moving average of $9.91. Neuberger Berman Energy Infrastructure and Income Fund Inc. has a 12-month low of $7.89 and a 12-month high of $10.95.

Neuberger Berman Energy Infrastructure and Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be paid a $0.0701 dividend. This represents a c) annualized dividend 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 is currently -227.59%.

Neuberger Berman Energy Infrastructure and Income Fund Company Profile

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.