Jackson Hill Advisors LLC Purchases 210,000 Shares of Brookfield Corporation $BN

Jackson Hill Advisors LLC lifted its position in shares of Brookfield Corporation (NYSE:BN) by 48.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 645,000 shares of the company’s stock after purchasing an additional 210,000 shares during the period. Brookfield comprises 13.7% of Jackson Hill Advisors LLC’s portfolio, making the stock its largest position. Jackson Hill Advisors LLC’s holdings in Brookfield were worth $29,599,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in BN. Savant Capital LLC raised its holdings in Brookfield by 6.5% in the third quarter. Savant Capital LLC now owns 3,689 shares of the company’s stock valued at $253,000 after acquiring an additional 226 shares in the last quarter. State of Wyoming raised its holdings in Brookfield by 7.8% in the third quarter. State of Wyoming now owns 3,301 shares of the company’s stock valued at $227,000 after acquiring an additional 240 shares in the last quarter. Hilltop National Bank raised its holdings in Brookfield by 49.9% in the fourth quarter. Hilltop National Bank now owns 724 shares of the company’s stock valued at $33,000 after acquiring an additional 241 shares in the last quarter. Cary Street Partners Investment Advisory LLC raised its holdings in Brookfield by 38.4% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 875 shares of the company’s stock valued at $60,000 after acquiring an additional 243 shares in the last quarter. Finally, New England Capital Financial Advisors LLC raised its holdings in Brookfield by 50.2% in the fourth quarter. New England Capital Financial Advisors LLC now owns 751 shares of the company’s stock valued at $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 Upgrades and Downgrades

Several analysts recently issued reports on BN shares. BMO Capital Markets upped their price target on shares of Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Scotiabank reaffirmed an “outperform” rating and issued a $53.00 price target (up from $48.50) on shares of Brookfield in a report on Friday, May 15th. Scotia upped their price target on shares of Brookfield from $48.50 to $53.00 and gave the company a “sector outperform” rating in a report on Friday, May 15th. Morgan Stanley reaffirmed an “overweight” rating and issued a $61.00 price target (up from $60.00) on shares of Brookfield in a report on Tuesday, April 21st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Brookfield in a report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $56.82.

Brookfield Stock Down 3.8%

Shares of NYSE:BN opened at $43.88 on Thursday. The company’s fifty day moving average is $44.19 and its two-hundred day moving average is $44.87. The stock has a market capitalization of $107.53 billion, a price-to-earnings ratio of 86.03 and a beta of 1.53. 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 $37.93 and a 1-year high of $49.56.

Brookfield Dividend Announcement

The company 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 dividend of $0.07 per share. The ex-dividend date is Monday, June 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.6%. Brookfield’s dividend payout ratio is currently 54.90%.

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.