Everett Harris & Co. CA Boosts Holdings in Brookfield Corporation $BN

Everett Harris & Co. CA boosted its position in Brookfield Corporation (NYSE:BN) by 50.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,342 shares of the company’s stock after buying an additional 18,114 shares during the period. Everett Harris & Co. CA’s holdings in Brookfield were worth $2,494,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Savant Capital LLC grew its position in Brookfield by 6.5% in the 3rd quarter. Savant Capital LLC now owns 3,689 shares of the company’s stock valued at $253,000 after buying an additional 226 shares during the last quarter. State of Wyoming grew its position in Brookfield by 7.8% in the 3rd quarter. State of Wyoming now owns 3,301 shares of the company’s stock valued at $227,000 after buying an additional 240 shares during the last quarter. Hilltop National Bank grew its position in Brookfield by 49.9% in the 4th quarter. Hilltop National Bank now owns 724 shares of the company’s stock valued at $33,000 after buying an additional 241 shares during the last quarter. Cary Street Partners Investment Advisory LLC grew its position in Brookfield by 38.4% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 875 shares of the company’s stock valued at $60,000 after buying an additional 243 shares during the last quarter. Finally, New England Capital Financial Advisors LLC grew its position in Brookfield by 50.2% in the 4th quarter. New England Capital Financial Advisors LLC now owns 751 shares of the company’s stock valued at $34,000 after buying an additional 251 shares during the last quarter. 61.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BN. Weiss Ratings reiterated a “hold (c)” rating on shares of Brookfield in a research report on Friday, March 27th. National Bank Financial raised their target price on Brookfield from $58.00 to $60.00 and gave the company an “outperform” rating in a report on Friday, May 15th. TD Securities reissued a “buy” rating and issued a $60.00 target price on shares of Brookfield in a report on Tuesday, May 19th. TD raised their target price on Brookfield from $59.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, May 19th. Finally, BMO Capital Markets raised their target price on Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $56.82.

Brookfield Price Performance

Brookfield stock opened at $44.24 on Tuesday. Brookfield Corporation has a one year low of $37.93 and a one year high of $49.56. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.20 and a current ratio of 1.32. The business has a fifty day moving average of $44.49 and a two-hundred day moving average of $44.90. The company has a market cap of $108.41 billion, a P/E ratio of 86.74 and a beta of 1.53.

Brookfield Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a $0.07 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.6%. Brookfield’s dividend payout ratio (DPR) is currently 54.90%.

Brookfield Profile

Brookfield Corporation (NYSE:BN) is a global alternative asset manager that specializes in real assets. The company invests in and operates businesses across real estate, infrastructure, renewable power and energy, private equity and credit. Its activities span both ownership and active management of physical assets as well as the operation of investment funds and vehicles that provide institutional and retail investors access to long‑lived, cash‑generating assets.

Brookfield’s services include asset management, direct investing, property development and the operation of infrastructure and energy businesses.