Westerkirk Capital Inc. Trims Stake in Brookfield Corporation $BN

Westerkirk Capital Inc. decreased its position in shares of Brookfield Corporation (NYSE:BN) by 89.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 6,140 shares of the company’s stock after selling 54,120 shares during the period. Westerkirk Capital Inc.’s holdings in Brookfield were worth $282,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Savant Capital LLC grew its stake in shares of Brookfield by 6.5% in the 3rd quarter. Savant Capital LLC now owns 3,689 shares of the company’s stock worth $253,000 after buying an additional 226 shares during the last quarter. Hilltop National Bank grew its stake in shares of Brookfield by 49.9% in the 4th quarter. Hilltop National Bank now owns 724 shares of the company’s stock worth $33,000 after buying an additional 241 shares during the last quarter. Cary Street Partners Investment Advisory LLC grew its stake in shares of Brookfield by 38.4% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 875 shares of the company’s stock worth $60,000 after buying an additional 243 shares during the last quarter. New England Capital Financial Advisors LLC grew its stake in shares of Brookfield by 50.2% in the 4th quarter. New England Capital Financial Advisors LLC now owns 751 shares of the company’s stock worth $34,000 after buying an additional 251 shares during the last quarter. Finally, Wealthfront Advisers LLC grew its stake in shares of Brookfield by 7.7% in the 3rd quarter. Wealthfront Advisers LLC now owns 3,659 shares of the company’s stock worth $251,000 after buying an additional 263 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 analysts recently weighed in on the company. TD upped their price target on Brookfield from $59.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, May 19th. BMO Capital Markets upped their price target on Brookfield from $49.00 to $51.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Scotiabank restated an “outperform” rating and issued a $53.00 price target (up from $48.50) on shares of Brookfield in a research note on Friday, May 15th. TD Securities restated a “buy” rating and issued a $60.00 price target on shares of Brookfield in a research note on Tuesday, May 19th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Brookfield in a research note on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $56.82.

Brookfield Stock Performance

BN stock opened at $45.50 on Wednesday. The company has a market cap of $111.51 billion, a P/E ratio of 89.22 and a beta of 1.53. Brookfield Corporation has a 1 year low of $37.93 and a 1 year high of $49.56. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.32 and a quick ratio of 1.20. The stock’s fifty day moving average price is $44.62 and its 200-day moving average price is $44.91.

Brookfield Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid 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 is Monday, June 15th. Brookfield’s dividend payout ratio (DPR) is 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.