Maestria Partners LLC Grows Holdings in Brookfield Corporation $BN

Maestria Partners LLC grew its stake in shares of Brookfield Corporation (NYSE:BN) by 50.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 805,187 shares of the company’s stock after acquiring an additional 268,395 shares during the period. Brookfield makes up about 10.8% of Maestria Partners LLC’s holdings, making the stock its largest position. Maestria Partners LLC’s holdings in Brookfield were worth $36,950,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BN. Vanguard Group Inc. raised its position in shares of Brookfield by 52.1% during the 4th quarter. Vanguard Group Inc. now owns 92,103,120 shares of the company’s stock worth $4,228,915,000 after buying an additional 31,543,313 shares in the last quarter. Capital World Investors raised its position in shares of Brookfield by 45.0% during the 4th quarter. Capital World Investors now owns 99,069,016 shares of the company’s stock worth $4,546,443,000 after buying an additional 30,755,354 shares in the last quarter. Norges Bank bought a new stake in shares of Brookfield during the 4th quarter worth about $1,227,555,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Brookfield by 8,784.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 18,747,973 shares of the company’s stock worth $860,344,000 after buying an additional 18,536,964 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Brookfield by 27.9% during the 4th quarter. Principal Financial Group Inc. now owns 65,050,624 shares of the company’s stock worth $2,985,224,000 after buying an additional 14,200,710 shares in the last quarter. 61.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on BN shares. Scotiabank restated an “outperform” rating and set a $53.00 price target (up from $48.50) on shares of Brookfield in a research report on Friday, May 15th. BMO Capital Markets boosted 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. TD boosted their target price on shares of Brookfield from $59.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, May 19th. Morgan Stanley reiterated an “overweight” rating and issued a $61.00 target price (up from $60.00) on shares of Brookfield in a report on Tuesday, April 21st. Finally, TD Securities reiterated a “buy” rating and issued a $60.00 target price on shares of Brookfield in a report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $56.82.

Brookfield Stock Up 2.9%

NYSE BN opened at $45.50 on Wednesday. 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 company’s 50 day simple moving average is $44.62 and its 200 day simple moving average is $44.91. 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 $111.51 billion, a P/E ratio of 89.22 and a beta of 1.53.

Brookfield Dividend Announcement

The company 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 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, June 15th. Brookfield’s dividend payout ratio (DPR) is 54.90%.

Brookfield Company 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.