Brookfield Corporation $BN is Triasima Portfolio Management inc.’s 6th Largest Position

Triasima Portfolio Management inc. lifted its stake in Brookfield Corporation (NYSE:BN) by 37.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 397,781 shares of the company’s stock after purchasing an additional 108,915 shares during the period. Brookfield accounts for approximately 2.7% of Triasima Portfolio Management inc.’s holdings, making the stock its 6th largest position. Triasima Portfolio Management inc.’s holdings in Brookfield were worth $18,288,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of BN. AQR Capital Management LLC increased its stake in Brookfield by 147.5% in the 1st quarter. AQR Capital Management LLC now owns 18,571 shares of the company’s stock worth $963,000 after buying an additional 11,069 shares in the last quarter. NewEdge Advisors LLC increased its stake in Brookfield by 13.5% in the 1st quarter. NewEdge Advisors LLC now owns 2,488 shares of the company’s stock worth $130,000 after buying an additional 295 shares in the last quarter. Sivia Capital Partners LLC increased its stake in Brookfield by 32.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,714 shares of the company’s stock worth $353,000 after buying an additional 1,396 shares in the last quarter. AXA S.A. increased its stake in Brookfield by 42.2% in the 2nd quarter. AXA S.A. now owns 103,531 shares of the company’s stock worth $6,403,000 after buying an additional 30,703 shares in the last quarter. Finally, Squarepoint Ops LLC increased its stake in Brookfield by 29.6% in the 2nd quarter. Squarepoint Ops LLC now owns 25,502 shares of the company’s stock worth $1,577,000 after buying an additional 5,821 shares in the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Brookfield Stock Up 0.0%

BN opened at $45.25 on Monday. The firm has a 50-day simple moving average of $42.45 and a two-hundred day simple moving average of $44.87. Brookfield Corporation has a 52 week low of $35.95 and a 52 week high of $49.56. The company has a market capitalization of $110.88 billion, a PE ratio of 91.71 and a beta of 1.55. The company has a quick ratio of 1.21, a current ratio of 1.32 and a debt-to-equity ratio of 1.51.

Brookfield (NYSE:BN) last released its quarterly earnings data on Thursday, February 12th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.61 by $0.06. Brookfield had a net margin of 1.74% and a return on equity of 3.90%. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.63 billion. Analysts forecast that Brookfield Corporation will post 2.95 earnings per share for the current fiscal year.

Brookfield Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were issued a dividend of $0.07 per share. This is a boost from Brookfield’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $0.28 annualized dividend and a dividend yield of 0.6%. Brookfield’s payout ratio is currently 57.14%.

Analyst Ratings Changes

BN has been the subject of a number of analyst reports. Zacks Research upgraded Brookfield from a “strong sell” rating to a “hold” rating in a research note on Monday, January 19th. National Bank Financial increased their price target on Brookfield from $56.00 to $59.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Royal Bank Of Canada increased their price target on Brookfield from $60.00 to $63.00 and gave the stock an “outperform” rating in a research note on Monday, April 20th. Wall Street Zen upgraded Brookfield from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, Scotiabank cut their price target on Brookfield from $52.00 to $48.50 and set a “sector outperform” rating for the company in a research note on Wednesday, March 25th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Brookfield currently has an average rating of “Moderate Buy” and an average price target of $55.65.

About Brookfield

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.