Capital Advisors Inc. OK Raises Position in Brookfield Corporation $BN

Capital Advisors Inc. OK grew its holdings in Brookfield Corporation (NYSE:BN) by 53.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,294,410 shares of the company’s stock after acquiring an additional 453,454 shares during the period. Capital Advisors Inc. OK owned about 0.05% of Brookfield worth $59,400,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Capital World Investors grew its stake in Brookfield by 2.4% during the 3rd quarter. Capital World Investors now owns 68,313,662 shares of the company’s stock worth $4,685,103,000 after purchasing an additional 1,624,085 shares in the last quarter. Vanguard Group Inc. raised its position in Brookfield by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 60,559,807 shares of the company’s stock valued at $4,155,251,000 after purchasing an additional 897,916 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Brookfield by 1.6% in the 3rd quarter. Principal Financial Group Inc. now owns 50,849,914 shares of the company’s stock valued at $3,487,338,000 after buying an additional 799,440 shares during the period. Akre Capital Management LLC boosted its stake in shares of Brookfield by 0.7% in the 2nd quarter. Akre Capital Management LLC now owns 19,219,290 shares of the company’s stock valued at $1,188,713,000 after buying an additional 125,269 shares during the period. Finally, Bank of Nova Scotia grew its position in shares of Brookfield by 13.3% during the second quarter. Bank of Nova Scotia now owns 13,263,185 shares of the company’s stock worth $820,569,000 after buying an additional 1,556,042 shares in the last quarter. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BN. Morgan Stanley restated an “overweight” rating and set a $60.00 target price on shares of Brookfield in a research note on Tuesday, February 17th. Royal Bank Of Canada boosted 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. Weiss Ratings reissued a “hold (c)” rating on shares of Brookfield in a research report on Friday. Zacks Research upgraded shares of Brookfield from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. Finally, Scotiabank decreased 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. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $54.20.

Brookfield Stock Up 4.5%

BN opened at $40.45 on Wednesday. The stock has a market capitalization of $99.08 billion, a P/E ratio of 81.99 and a beta of 1.58. 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 one year low of $29.07 and a one year high of $49.56. The business’s 50-day simple moving average is $43.64 and its 200-day simple moving average is $45.17.

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

Brookfield Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.7%. This is a boost from Brookfield’s previous quarterly dividend of $0.06. The ex-dividend date was Tuesday, March 17th. Brookfield’s payout ratio is 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.