Eldred Rock Partners LLC Has $19.44 Million Stake in Brookfield Corporation $BN

Eldred Rock Partners LLC raised its holdings in shares of Brookfield Corporation (NYSE:BN) by 33.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 423,659 shares of the company’s stock after buying an additional 106,603 shares during the period. Brookfield comprises approximately 5.0% of Eldred Rock Partners LLC’s portfolio, making the stock its 3rd largest position. Eldred Rock Partners LLC’s holdings in Brookfield were worth $19,443,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Values Added Financial LLC lifted its stake in shares of Brookfield by 50.0% in the 4th quarter. Values Added Financial LLC now owns 6,750 shares of the company’s stock valued at $310,000 after acquiring an additional 2,250 shares during the last quarter. First Pacific Financial grew its position in Brookfield by 40.4% during the 4th quarter. First Pacific Financial now owns 16,950 shares of the company’s stock worth $778,000 after acquiring an additional 4,875 shares during the last quarter. Walker Asset Management LLC increased its stake in Brookfield by 50.0% in the 4th quarter. Walker Asset Management LLC now owns 8,152 shares of the company’s stock worth $374,000 after purchasing an additional 2,717 shares during the period. Mattern Wealth Management LLC lifted its position in Brookfield by 50.0% in the fourth quarter. Mattern Wealth Management LLC now owns 14,491 shares of the company’s stock valued at $665,000 after purchasing an additional 4,830 shares during the last quarter. Finally, Trust Co. of Vermont lifted its position in Brookfield by 43.8% in the fourth quarter. Trust Co. of Vermont now owns 46,001 shares of the company’s stock valued at $2,111,000 after purchasing an additional 14,005 shares during the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BN. Royal Bank Of Canada raised their target price on shares of Brookfield from $49.00 to $51.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. National Bank Financial upped their price target on shares of Brookfield from $56.00 to $59.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Wall Street Zen raised shares of Brookfield from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. BMO Capital Markets raised their price target on shares of Brookfield from $49.00 to $51.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Finally, Scotiabank decreased their price objective on shares of Brookfield from $52.00 to $48.50 and set a “sector outperform” rating on the stock in a research report on Wednesday, March 25th. One investment 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 company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $54.20.

Brookfield Price Performance

BN opened at $40.93 on Friday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.21 and a current ratio of 1.32. Brookfield Corporation has a 52-week low of $29.07 and a 52-week high of $49.56. The stock has a market capitalization of $100.30 billion, a PE ratio of 82.96 and a beta of 1.56. The stock’s 50 day moving average price is $43.41 and its 200-day moving average price is $45.11.

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

Brookfield Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders 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 dividend 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 payout ratio is presently 57.14%.

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.