Neuberger Berman Energy Infrastructure and Income Fund (NYSEAMERICAN:NML) Stock Price Breaks Above Fifty 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 Wednesday. The stock has a 50 day moving average of $10.38 and traded as high as $10.48. Neuberger Berman Energy Infrastructure and Income Fund shares last traded at $10.44, with a volume of 98,442 shares changing hands.

Neuberger Berman Energy Infrastructure and Income Fund Trading Up 0.6%

The company has a fifty day simple moving average of $10.39 and a two-hundred day simple moving average of $10.11.

Neuberger Berman Energy Infrastructure and Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be given a dividend of $0.0701 per share. The ex-dividend date is Thursday, October 15th. This represents a $0.84 annualized dividend and a dividend yield of 7.9%. Neuberger Berman Energy Infrastructure and Income Fund’s payout ratio is currently -227.59%.

Hedge Funds Weigh In On Neuberger Berman Energy Infrastructure and Income Fund

Several large investors have recently bought and sold shares of NML. VestGen Advisors LLC raised its position in shares of Neuberger Berman Energy Infrastructure and Income Fund by 0.9% during the 3rd quarter. VestGen Advisors LLC now owns 162,015 shares of the investment management company’s stock valued at $1,607,000 after acquiring an additional 1,474 shares during the last quarter. Samalin Investment Counsel LLC lifted its stake in shares of Neuberger Berman Energy Infrastructure and Income Fund by 53.6% in the 3rd quarter. Samalin Investment Counsel LLC now owns 267,682 shares of the investment management company’s stock valued at $2,655,000 after purchasing an additional 93,358 shares during the period. NewEdge Advisors LLC lifted its stake in shares of Neuberger Berman Energy Infrastructure and Income Fund by 35.1% in the 2nd quarter. NewEdge Advisors LLC now owns 228,521 shares of the investment management company’s stock valued at $2,317,000 after purchasing an additional 59,367 shares during the period. Ameritas Advisory Services LLC bought a new position in shares of Neuberger Berman Energy Infrastructure and Income Fund in the 2nd quarter worth $33,000. Finally, Knollwood Investment Advisory LLC boosted its position in shares of Neuberger Berman Energy Infrastructure and Income Fund by 2.0% in the 2nd quarter. Knollwood Investment Advisory LLC now owns 79,074 shares of the investment management company’s stock worth $802,000 after purchasing an additional 1,526 shares during the last quarter.

Neuberger Berman Energy Infrastructure and Income Fund Company Profile

Neuberger Berman Energy Infrastructure and Income Fund Inc is a closed-end management investment company listed on the NYSE American under the symbol NML. The fund seeks to provide current income and total return by investing primarily in companies involved in energy infrastructure.

The fund’s portfolio may include master limited partnerships, limited liability companies, corporations and other publicly traded entities that own or operate energy infrastructure assets. These businesses can include pipeline, storage, gathering, processing, transportation and other midstream energy activities, as well as related infrastructure companies.

NML is managed by Neuberger Berman Investment Advisers LLC, an affiliate of global asset manager Neuberger Berman.