Trust Co. of Vermont Has $2.11 Million Stake in Brookfield Corporation $BN

Trust Co. of Vermont raised its stake in shares of Brookfield Corporation (NYSE:BN) by 43.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 46,001 shares of the company’s stock after acquiring an additional 14,005 shares during the quarter. Trust Co. of Vermont’s holdings in Brookfield were worth $2,111,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. AQR Capital Management LLC grew its position in Brookfield by 147.5% during the first 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 raised its holdings in Brookfield by 13.5% in the 1st quarter. NewEdge Advisors LLC now owns 2,488 shares of the company’s stock valued at $130,000 after acquiring an additional 295 shares in the last quarter. Sivia Capital Partners LLC lifted its position in shares of 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 acquiring an additional 1,396 shares during the period. American Century Companies Inc. grew its holdings in shares of Brookfield by 1.0% during the 2nd quarter. American Century Companies Inc. now owns 67,706 shares of the company’s stock worth $4,190,000 after purchasing an additional 682 shares in the last quarter. Finally, Fisher Asset Management LLC grew its holdings in shares of Brookfield by 66.4% during the 2nd quarter. Fisher Asset Management LLC now owns 22,447 shares of the company’s stock worth $1,388,000 after purchasing an additional 8,954 shares in the last quarter. Institutional investors own 61.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Scotiabank cut their target price 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. Morgan Stanley reissued an “overweight” rating and issued a $60.00 price target on shares of Brookfield in a report on Tuesday, February 17th. National Bank Financial increased their price objective on shares of Brookfield from $56.00 to $59.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Royal Bank Of Canada raised their price objective on shares of Brookfield from $49.00 to $51.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Brookfield in a research report on Friday, March 27th. 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 stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $54.20.

Brookfield Stock Up 0.5%

Shares of NYSE BN opened at $40.93 on Friday. Brookfield Corporation has a 52-week low of $29.07 and a 52-week high of $49.56. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.21 and a current ratio of 1.32. The business has a fifty day moving average of $43.41 and a two-hundred day moving average of $45.11. The stock has a market cap of $100.30 billion, a PE ratio of 82.96 and a beta of 1.56.

Brookfield (NYSE:BN) last announced its earnings results on Thursday, February 12th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $1.63 billion. As a group, equities research analysts expect that Brookfield Corporation will post 3.85 earnings per share for the current fiscal year.

Brookfield Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were paid a dividend of $0.07 per share. This is a positive change from Brookfield’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, March 17th. Brookfield’s payout ratio is currently 57.14%.

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.