Brookfield Corporation $BN Shares Bought by Texas Yale Capital Corp.

Texas Yale Capital Corp. grew its stake in shares of Brookfield Corporation (NYSE:BN) by 50.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 186,997 shares of the company’s stock after acquiring an additional 62,730 shares during the period. Texas Yale Capital Corp.’s holdings in Brookfield were worth $8,581,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Savant Capital LLC grew its holdings in Brookfield by 6.5% during the 3rd quarter. Savant Capital LLC now owns 3,689 shares of the company’s stock worth $253,000 after acquiring an additional 226 shares in the last quarter. State of Wyoming grew its holdings in Brookfield by 7.8% during the 3rd quarter. State of Wyoming now owns 3,301 shares of the company’s stock worth $227,000 after acquiring an additional 240 shares in the last quarter. Hilltop National Bank grew its holdings in Brookfield by 49.9% during the 4th quarter. Hilltop National Bank now owns 724 shares of the company’s stock worth $33,000 after acquiring an additional 241 shares in the last quarter. Cary Street Partners Investment Advisory LLC grew its holdings in Brookfield by 38.4% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 875 shares of the company’s stock worth $60,000 after acquiring an additional 243 shares in the last quarter. Finally, New England Capital Financial Advisors LLC grew its holdings in Brookfield by 50.2% during the 4th quarter. New England Capital Financial Advisors LLC now owns 751 shares of the company’s stock worth $34,000 after acquiring an additional 251 shares in the last quarter. 61.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BN has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Brookfield from $60.00 to $62.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. BMO Capital Markets raised their price target on shares of Brookfield from $49.00 to $51.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Wall Street Zen upgraded shares of Brookfield from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Morgan Stanley restated an “overweight” rating and issued a $61.00 price target (up from $60.00) on shares of Brookfield in a research report on Tuesday, April 21st. Finally, Royal Bank Of Canada reduced their price target on shares of Brookfield from $63.00 to $61.00 and set an “outperform” rating on the stock in a research report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $56.82.

Brookfield Trading Down 1.1%

Brookfield stock opened at $45.60 on Friday. The firm’s 50-day moving average is $43.83 and its 200-day moving average is $44.90. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.20 and a current ratio of 1.32. Brookfield Corporation has a 1 year low of $37.83 and a 1 year high of $49.56. The company has a market cap of $111.74 billion, a P/E ratio of 89.40 and a beta of 1.55.

Brookfield Announces Dividend

The firm also recently declared 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 is Monday, June 15th. Brookfield’s dividend payout ratio (DPR) 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.