Brookfield Corporation $BN Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its position in shares of Brookfield Corporation (NYSE:BN) by 41.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 126,777 shares of the company’s stock after purchasing an additional 37,328 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Brookfield were worth $6,234,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in BN. Twin Peaks Wealth Advisors LLC purchased a new position in Brookfield during the 2nd quarter worth approximately $32,000. Hilltop National Bank lifted its stake in Brookfield by 49.9% in the fourth quarter. Hilltop National Bank now owns 724 shares of the company’s stock valued at $33,000 after buying an additional 241 shares during the last quarter. Cary Street Partners Investment Advisory LLC lifted its stake in Brookfield by 109.3% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 632 shares of the company’s stock valued at $39,000 after buying an additional 330 shares during the last quarter. First Horizon Corp acquired a new stake in shares of Brookfield in the third quarter valued at approximately $40,000. Finally, Versant Capital Management Inc boosted its holdings in shares of Brookfield by 507.5% in the third quarter. Versant Capital Management Inc now owns 650 shares of the company’s stock valued at $45,000 after acquiring an additional 543 shares during the period. 61.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on BN shares. Morgan Stanley reaffirmed an “overweight” rating and issued a $60.00 target price on shares of Brookfield in a report on Tuesday, February 17th. Scotiabank dropped 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 note on Wednesday. Royal Bank Of Canada upped their target price on shares of Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Brookfield in a research note on Monday, December 29th. Finally, Zacks Research raised Brookfield from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. One 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 company presently has an average rating of “Moderate Buy” and an average price target of $54.20.

Brookfield Stock Performance

NYSE:BN opened at $38.99 on Friday. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.21. The firm has a market cap of $95.51 billion, a price-to-earnings ratio of 79.03 and a beta of 1.58. The firm’s fifty day moving average price is $43.91 and its 200 day moving average price is $45.25. Brookfield Corporation has a 1-year low of $29.07 and a 1-year high of $49.56.

Brookfield (NYSE:BN) last released its earnings results on Thursday, February 12th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.61 by $0.06. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations 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 expect that Brookfield Corporation will post 3.85 EPS for the current year.

Brookfield Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be given a $0.07 dividend. The ex-dividend date is Tuesday, March 17th. This is an increase from Brookfield’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a yield of 0.7%. 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.