Alberta Investment Management Corp Has $159.08 Million Stock Holdings in Brookfield Corporation $BN

Alberta Investment Management Corp grew its holdings in Brookfield Corporation (NYSE:BN) by 46.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,464,602 shares of the company’s stock after acquiring an additional 1,100,534 shares during the quarter. Brookfield accounts for about 0.8% of Alberta Investment Management Corp’s portfolio, making the stock its 10th biggest position. Alberta Investment Management Corp’s holdings in Brookfield were worth $159,079,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in BN. Partners Value Investments L.P. increased its position in shares of Brookfield by 50.0% during the 4th quarter. Partners Value Investments L.P. now owns 181,405,955 shares of the company’s stock worth $8,324,719,000 after purchasing an additional 60,468,651 shares during the last quarter. Dodge & Cox acquired a new position in shares of Brookfield during the 4th quarter worth about $1,894,354,000. Royal Bank of Canada increased its stake in shares of Brookfield by 40.5% during the 4th quarter. Royal Bank of Canada now owns 113,652,306 shares of the company’s stock worth $5,215,504,000 after purchasing an additional 32,760,558 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Brookfield by 52.1% in the 4th quarter. Vanguard Group Inc. now owns 92,103,120 shares of the company’s stock valued at $4,228,915,000 after purchasing an additional 31,543,313 shares during the period. Finally, Capital World Investors raised its holdings in shares of Brookfield by 45.0% in the 4th quarter. Capital World Investors now owns 99,069,016 shares of the company’s stock valued at $4,546,443,000 after purchasing an additional 30,755,354 shares during the period. Institutional investors own 61.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BN. TD Securities reiterated a “buy” rating and set a $60.00 price target on shares of Brookfield in a report on Tuesday, May 19th. TD upped their price objective on Brookfield from $59.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, May 19th. Scotia raised their price objective on Brookfield from $48.50 to $53.00 and gave the company a “sector outperform” rating in a research report on Friday, May 15th. Royal Bank Of Canada reduced their target price on Brookfield from $63.00 to $61.00 and set an “outperform” rating for the company in a research note on Friday, May 15th. Finally, JPMorgan Chase & Co. boosted their target price on Brookfield from $60.00 to $62.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $56.82.

Brookfield Trading Down 0.5%

Shares of BN stock opened at $44.50 on Friday. Brookfield Corporation has a 12-month low of $37.93 and a 12-month high of $49.56. The company has a market capitalization of $109.08 billion, a PE ratio of 87.25 and a beta of 1.53. The firm has a 50 day moving average price of $45.26 and a two-hundred day moving average price of $44.88. The company has a quick ratio of 1.20, a current ratio of 1.32 and a debt-to-equity ratio of 1.54.

Brookfield Dividend Announcement

The firm also recently announced 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. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, June 15th. Brookfield’s payout ratio is presently 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.