NML (Neuberger Berman Energy Infrastructure &ome Fund) Shares Outstanding (EOP): 56.66 Mil (As of Nov. 2025)

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NML Neuberger Berman Energy Infrastructure & Income Fund Inc NML
31 GF Score
Price $10.72
GF Value $0.50
Valuation Significantly Overvalued
! 10 Warning Signs
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What is Neuberger Berman Energy Infrastructure &ome Fund Shares Outstanding (EOP)?

Neuberger Berman Energy Infrastructure &ome Fund NML +0.19% 31 Shares Outstanding (EOP) is 56.66 Mil as of Nov. 2025. GuruFocus rates NML with a GF Score™ of 31/100 and a GF Value™ of $0.50 (Significantly Overvalued). The stock has 10 warning signs investors should review.

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Neuberger Berman Energy Infrastructure &ome Fund's shares outstanding for the quarter that ended in Nov. 2025 was 56.66 Mil.

Neuberger Berman Energy Infrastructure &ome Fund's quarterly shares outstanding stayed the same from May. 2025 (56.66 Mil) to Nov. 2025 (56.66 Mil).

Neuberger Berman Energy Infrastructure &ome Fund's annual shares outstanding stayed the same from Nov. 2024 (56.66 Mil) to Nov. 2025 (56.66 Mil).


Neuberger Berman Energy Infrastructure &ome Fund  (AMEX:NML) Shares Outstanding (EOP) Explanation

A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.

Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Neuberger Berman Energy Infrastructure &ome Fund Shares Outstanding (EOP) Related Terms


Neuberger Berman Energy Infrastructure &ome Fund Shares Outstanding (EOP) Historical Data

* Premium members only.

The historical data trend for Neuberger Berman Energy Infrastructure &ome Fund's Shares Outstanding (EOP) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Neuberger Berman Energy Infrastructure &ome Fund Shares Outstanding (EOP) Chart

Neuberger Berman Energy Infrastructure &ome Fund Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Shares Outstanding (EOP)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 56.66 56.66 56.66 56.66 56.66

Neuberger Berman Energy Infrastructure &ome Fund Semi-Annual Data
May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25
Shares Outstanding (EOP) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 56.66 56.66 56.66 56.66 56.66

NML vs VKQ, CHW, ETJ: Shares Outstanding (EOP) Comparison

For the Asset Management subindustry, Neuberger Berman Energy Infrastructure &ome Fund's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Neuberger Berman Energy Infrastructure &ome Fund Shares Outstanding (EOP) vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Neuberger Berman Energy Infrastructure &ome Fund's Shares Outstanding (EOP) distribution charts can be found below:

* The bar in red indicates where Neuberger Berman Energy Infrastructure &ome Fund's Shares Outstanding (EOP) falls into.


NML
31GF Score
Neuberger Berman Energy Infrastructure & Income Fund Inc NML
Shares Outstanding (EOP) is just one metric. See GF Score™, valuation, warning signs, and more.
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Neuberger Berman Energy Infrastructure &ome Fund Shares Outstanding (EOP) Calculation

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.

Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.

Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that end of period. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.

What does a Shares Outstanding (EOP) of 56.66 Mil mean?
Neuberger Berman Energy Infrastructure &ome Fund (NML) has a Shares Outstanding (EOP) of 56.66 Mil as of Nov. 2025. The total shares a company has outstanding, at period-end. View historical data on Neuberger Berman Energy Infrastructure &ome Fund and its competitors.
Is Neuberger Berman Energy Infrastructure &ome Fund's Shares Outstanding (EOP) too high?
Neuberger Berman Energy Infrastructure &ome Fund's current Shares Outstanding (EOP) is 56.66 Mil. Overall, Neuberger Berman Energy Infrastructure &ome Fund has a GF Score™ of 31/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Neuberger Berman Energy Infrastructure &ome Fund's Shares Outstanding (EOP) compare to VKQ and CHW?
Neuberger Berman Energy Infrastructure &ome Fund's Shares Outstanding (EOP) of 56.66 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (EOP) for an Asset Management company?
A good Shares Outstanding (EOP) depends on the Asset Management industry context. However, Shares Outstanding (EOP) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (EOP) mean?
A high Shares Outstanding (EOP) can signal that a stock is expensive relative to its fundamentals. The total shares a company has outstanding, at period-end. View historical data on Neuberger Berman Energy Infrastructure &ome Fund and its competitors. Neuberger Berman Energy Infrastructure &ome Fund's current Shares Outstanding (EOP) is 56.66 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Neuberger Berman Energy Infrastructure &ome Fund stock overvalued right now?
Based on GuruFocus' analysis, Neuberger Berman Energy Infrastructure &ome Fund (NML) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.50, compared to a current price of $10.72 — trading 2044% above its estimated fair value. The current Shares Outstanding (EOP) is 56.66 Mil. Neuberger Berman Energy Infrastructure &ome Fund's overall GF Score™ is 31/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (EOP) calculated?
Shares Outstanding (EOP) is calculated from a company's financial statements. For Neuberger Berman Energy Infrastructure &ome Fund (NML), the current Shares Outstanding (EOP) is 56.66 Mil as of Nov. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Neuberger Berman Energy Infrastructure &ome Fund (NML) Overvalued in 2026?

Based on GuruFocus' analysis, Neuberger Berman Energy Infrastructure &ome Fund stock appears to be overvalued. The current stock price of $10.72 is trading 2044% above its estimated GF Value™ of $0.50. GuruFocus considers Neuberger Berman Energy Infrastructure &ome Fund to be Significantly Overvalued.

Key valuation signals for NML:

  • Shares Outstanding (EOP): 56.66 Mil
  • GF Value™: $0.50 vs. price of $10.72 (2044% above fair value)
  • GF Score™: 31/100 with 10 warning signs

No single metric tells the full story. See the NML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Neuberger Berman Energy Infrastructure &ome Fund Business Description

Address C/o Neuberger Berman Investment Advisers LLC, 1290 Avenue of the Americas, New York, NY, USA, 10104-0002
Neuberger Berman Energy Infrastructure & Income Fund Inc is a closed-end investment management company based in the United States. Invest in Capital Markets, Chemicals, Oil, Gas & Consumable Fuels, Electric Utilities, Independent Power and Renewable Electricity Producers, Multi Utilities. Maximum is done in Oil, Gas & Consumable Fuels.
31GF Score

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Shares Outstanding (EOP) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$10.72
Price
$0.50
GF Value