Neuberger Berman Energy Infrastructure and Income Fund (NYSEAMERICAN:NML) Stock Passes Above Fifty Day Moving Average – Here’s Why

Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty 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 traded.

Neuberger Berman Energy Infrastructure and Income Fund Stock Performance

The firm’s 50-day moving average is $10.14 and its two-hundred day moving average is $9.82.

Neuberger Berman Energy Infrastructure and Income Fund Announces Dividend

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

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

Institutional investors and hedge funds have recently modified their holdings of the business. Western Wealth Management LLC bought a new stake in Neuberger Berman Energy Infrastructure and Income Fund in the first quarter worth $39,000. Monetary Management Group Inc. raised its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 30.0% during the second quarter. Monetary Management Group Inc. now owns 5,200 shares of the investment management company’s stock valued at $47,000 after buying an additional 1,200 shares in the last quarter. Fifth Third Bancorp acquired a new stake in shares of Neuberger Berman Energy Infrastructure and Income Fund in the first quarter worth about $80,000. Evolve Private Wealth LLC acquired a new stake in shares of Neuberger Berman Energy Infrastructure and Income Fund in the fourth quarter worth about $89,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake 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 acquiring an additional 1,112 shares in the last quarter.

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.