Brookfield Corporation $BN Stock Holdings Raised by Culbertson A N & Co. Inc.

Culbertson A N & Co. Inc. raised its stake in Brookfield Corporation (NYSE:BN) by 65.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 162,492 shares of the company’s stock after purchasing an additional 64,088 shares during the period. Culbertson A N & Co. Inc.’s holdings in Brookfield were worth $7,457,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Exchange Traded Concepts LLC bought a new stake in shares of Brookfield in the 4th quarter worth about $27,000. Hilltop National Bank increased its position in shares of Brookfield by 49.9% in the 4th quarter. Hilltop National Bank now owns 724 shares of the company’s stock worth $33,000 after purchasing an additional 241 shares during the last quarter. Cary Street Partners Investment Advisory LLC increased its position in shares of Brookfield by 109.3% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 632 shares of the company’s stock worth $39,000 after purchasing an additional 330 shares during the last quarter. First Horizon Corp bought a new stake in shares of Brookfield in the 3rd quarter worth about $40,000. Finally, Versant Capital Management Inc increased its position in shares of Brookfield by 507.5% in the 3rd quarter. Versant Capital Management Inc now owns 650 shares of the company’s stock worth $45,000 after purchasing an additional 543 shares during the last quarter. Institutional investors own 61.60% of the company’s stock.

Brookfield Price Performance

Shares of NYSE:BN opened at $40.77 on Wednesday. The company has a quick ratio of 1.21, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. Brookfield Corporation has a fifty-two week low of $29.07 and a fifty-two week high of $49.56. The firm has a 50-day simple moving average of $43.03 and a 200 day simple moving average of $44.96. The company has a market cap of $99.92 billion, a PE ratio of 82.64 and a beta of 1.56.

Brookfield (NYSE:BN) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.63 billion. Brookfield had a net margin of 1.74% and a return on equity of 3.90%. On average, sell-side analysts anticipate that Brookfield Corporation will post 3.85 EPS for the current year.

Brookfield Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, March 17th. This is a positive change from Brookfield’s previous quarterly dividend of $0.06. Brookfield’s dividend payout ratio (DPR) is presently 57.14%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on BN shares. Zacks Research raised shares of Brookfield from a “strong sell” rating to a “hold” rating in a research report on Monday, January 19th. Wall Street Zen raised shares of Brookfield from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Scotiabank lowered their price objective on shares of Brookfield from $52.00 to $48.50 and set a “sector outperform” rating for the company in a research report on Wednesday, March 25th. Royal Bank Of Canada boosted their price objective on shares of Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Finally, BMO Capital Markets boosted their price objective on shares of Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $54.20.

About Brookfield

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.