81,223 Brookfield Corporation $BN Shares Acquired by Culbertson A N & Co. Inc.

Culbertson A N & Co. Inc. raised its stake in Brookfield Corporation (NYSE:BN) by 38.8% during the third quarter, Holdings Channel.com reports. The institutional investor owned 290,719 shares of the company’s stock after purchasing an additional 81,223 shares during the quarter. Brookfield accounts for about 1.2% of Culbertson A N & Co. Inc.’s portfolio, making the stock its 24th largest position. Culbertson A N & Co. Inc.’s holdings in Brookfield were worth $10,600,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of Nova Scotia boosted its holdings in Brookfield by 11.4% during the 1st quarter. Bank of Nova Scotia now owns 15,340,928 shares of the company’s stock valued at $621,443,000 after acquiring an additional 1,575,668 shares during the period. Madison Asset Management LLC bought a new position in Brookfield in the second quarter worth $55,655,000. WCM Investment Management LLC lifted its holdings in shares of Brookfield by 454.4% during the first quarter. WCM Investment Management LLC now owns 1,103,817 shares of the company’s stock valued at $42,740,000 after purchasing an additional 904,701 shares during the last quarter. Nykredit A S purchased a new position in Brookfield during the second quarter valued at $23,546,000. Finally, TD Waterhouse Canada Inc. lifted its position in Brookfield by 3.6% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 14,398,936 shares of the company’s stock valued at $522,741,000 after acquiring an additional 495,666 shares in the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Analyst Upgrades and Downgrades

BN has been the topic of a number of recent analyst reports. BMO Capital Markets upgraded shares of Brookfield to a “strong-buy” rating in a research note on Monday, July 27th. TD raised their price target on shares of Brookfield from $60.00 to $61.00 and gave the company a “buy” rating in a report on Friday, August 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Brookfield in a report on Monday, September 21st. Morgan Stanley set a $59.00 price target on Brookfield and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Finally, Scotia increased their target price on shares of Brookfield from $53.00 to $54.00 and gave the company a “sector outperform” rating in a research report on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $57.40.

Brookfield Trading Up 2.0%

NYSE BN opened at $38.25 on Friday. Brookfield Corporation has a 12 month low of $35.61 and a 12 month high of $49.56. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.34 and a quick ratio of 1.22. The company has a market capitalization of $93.78 billion, a price-to-earnings ratio of 69.54 and a beta of 1.56. The company’s fifty day moving average price is $38.63 and its two-hundred day moving average price is $42.32.

Brookfield (NYSE:BN) last released its earnings results on Thursday, August 13th. The company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.04. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.66 billion. Brookfield had a net margin of 1.85% and a return on equity of 3.93%. As a group, research analysts predict that Brookfield Corporation will post 2.88 earnings per share for the current fiscal year.

Brookfield Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Monday, September 14th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Monday, September 14th. Brookfield’s dividend payout ratio (DPR) is 50.91%.

Brookfield Company Profile

Brookfield Corporation (NYSE: BN) is a global investment and asset management company headquartered in Toronto, Canada. Through its businesses and investments, the company owns and operates assets across real estate, renewable power and energy transition, infrastructure, private equity and related sectors.

Brookfield’s portfolio includes office, retail, residential and logistics properties; renewable power generation and energy-transition projects; transportation, utility and data infrastructure; and operating companies in industries such as business services, industrials and technology.