Blue Sky Capital Consultants Group Inc. Boosts Position in Brookfield Corporation $BN

Blue Sky Capital Consultants Group Inc. lifted its stake in Brookfield Corporation (NYSE:BN) by 54.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 179,676 shares of the company’s stock after buying an additional 63,690 shares during the quarter. Brookfield comprises 3.6% of Blue Sky Capital Consultants Group Inc.’s portfolio, making the stock its 8th biggest holding. Blue Sky Capital Consultants Group Inc.’s holdings in Brookfield were worth $8,245,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC bought a new stake in Brookfield during the 4th quarter valued at approximately $27,000. Hilltop National Bank raised its stake in Brookfield by 49.9% during the 4th quarter. Hilltop National Bank now owns 724 shares of the company’s stock valued at $33,000 after purchasing an additional 241 shares during the period. First Horizon Corp bought a new stake in Brookfield during the 3rd quarter valued at approximately $40,000. Versant Capital Management Inc raised its stake in Brookfield by 507.5% during the 3rd quarter. Versant Capital Management Inc now owns 650 shares of the company’s stock valued at $45,000 after purchasing an additional 543 shares during the period. Finally, HHM Wealth Advisors LLC raised its stake in Brookfield by 49.8% during the 4th quarter. HHM Wealth Advisors LLC now owns 983 shares of the company’s stock valued at $45,000 after purchasing an additional 327 shares during the period. Institutional investors own 61.60% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Wall Street Zen raised Brookfield from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Royal Bank Of Canada lifted their target price on Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Scotiabank decreased their target price on Brookfield from $52.00 to $48.50 and set a “sector outperform” rating on the stock in a research note on Wednesday, March 25th. Morgan Stanley reissued an “overweight” rating and set a $60.00 target price on shares of Brookfield in a research note on Tuesday, February 17th. Finally, National Bank Financial lifted their target price on Brookfield from $56.00 to $59.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Brookfield has a consensus rating of “Moderate Buy” and an average target price of $54.20.

Brookfield Stock Performance

NYSE BN opened at $42.17 on Friday. The stock has a market capitalization of $103.34 billion, a PE ratio of 85.47 and a beta of 1.56. The business has a 50 day simple moving average of $42.78 and a two-hundred day simple moving average of $44.86. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.21. Brookfield Corporation has a 1-year low of $31.22 and a 1-year high of $49.56.

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

Brookfield Increases Dividend

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

Brookfield Company 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.