Heritage Wealth Advisors Has $61.57 Million Holdings in Brookfield Co. (NYSE:BN)

Heritage Wealth Advisors lowered its position in Brookfield Co. (NYSE:BN) by 8.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,071,739 shares of the company’s stock after selling 94,058 shares during the quarter. Brookfield accounts for about 3.1% of Heritage Wealth Advisors’ investment portfolio, making the stock its 8th biggest position. Heritage Wealth Advisors’ holdings in Brookfield were worth $61,571,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in BN. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Brookfield by 131.9% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 463,125 shares of the company’s stock valued at $24,594,000 after acquiring an additional 263,375 shares in the last quarter. Geode Capital Management LLC boosted its stake in Brookfield by 10.9% during the 3rd quarter. Geode Capital Management LLC now owns 6,029,880 shares of the company’s stock valued at $320,670,000 after purchasing an additional 591,757 shares in the last quarter. Partners Group Holding AG increased its position in shares of Brookfield by 53.5% during the 3rd quarter. Partners Group Holding AG now owns 409,303 shares of the company’s stock valued at $21,754,000 after purchasing an additional 142,603 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Brookfield by 31.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 11,736,712 shares of the company’s stock worth $623,783,000 after buying an additional 2,818,716 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Brookfield in the third quarter valued at $6,485,000. Institutional investors own 61.60% of the company’s stock.

Analyst Upgrades and Downgrades

BN has been the topic of a number of research analyst reports. CIBC boosted their price target on shares of Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research report on Thursday, January 23rd. Scotiabank boosted their target price on shares of Brookfield from $69.00 to $71.00 and gave the stock a “sector outperform” rating in a report on Monday, February 3rd. TD Securities increased their target price on shares of Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Finally, Morgan Stanley initiated coverage on shares of Brookfield in a research report on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 price target on the stock. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Brookfield has an average rating of “Moderate Buy” and a consensus price target of $64.00.

Brookfield Stock Performance

Brookfield stock opened at $55.37 on Wednesday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.21 and a quick ratio of 1.09. The company has a market cap of $91.18 billion, a P/E ratio of 184.57 and a beta of 1.65. Brookfield Co. has a fifty-two week low of $38.18 and a fifty-two week high of $62.78. The firm’s 50 day simple moving average is $57.08 and its 200-day simple moving average is $56.15.

Brookfield (NYSE:BN) last announced its earnings results on Thursday, February 13th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.13. Brookfield had a net margin of 0.75% and a return on equity of 3.93%. As a group, equities research analysts predict that Brookfield Co. will post 3.85 EPS for the current year.

Brookfield Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.36 annualized dividend and a yield of 0.65%. Brookfield’s dividend payout ratio (DPR) is presently 120.00%.

About Brookfield

Brookfield Corporation is an alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets. It manages a range of public and private investment products and services for institutional and retail clients.