Louisbourg Investments Inc. Increases Stock Holdings in Brookfield Corporation $BN

Louisbourg Investments Inc. lifted its holdings in Brookfield Corporation (NYSE:BN) by 58.5% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 264,944 shares of the company’s stock after acquiring an additional 97,796 shares during the period. Brookfield makes up approximately 1.9% of Louisbourg Investments Inc.’s investment portfolio, making the stock its 8th largest position. Louisbourg Investments Inc.’s holdings in Brookfield were worth $10,714,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Chemistry Wealth Management LLC grew its stake in Brookfield by 51.6% during the fourth quarter. Chemistry Wealth Management LLC now owns 437,620 shares of the company’s stock worth $20,082,000 after buying an additional 148,893 shares in the last quarter. PCJ Investment Counsel Ltd. lifted its holdings in shares of Brookfield by 110.2% in the third quarter. PCJ Investment Counsel Ltd. now owns 232,780 shares of the company’s stock worth $15,966,000 after acquiring an additional 122,040 shares during the last quarter. Florida Trust Wealth Management Co lifted its holdings in shares of Brookfield by 49.0% in the fourth quarter. Florida Trust Wealth Management Co now owns 1,176,417 shares of the company’s stock worth $53,986,000 after acquiring an additional 387,068 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Brookfield by 52.1% in the 4th quarter. Vanguard Group Inc. now owns 92,103,120 shares of the company’s stock valued at $4,228,915,000 after purchasing an additional 31,543,313 shares in the last quarter. Finally, Picton Mahoney Asset Management boosted its stake in shares of Brookfield by 15.3% in the 3rd quarter. Picton Mahoney Asset Management now owns 2,629,023 shares of the company’s stock valued at $180,351,000 after purchasing an additional 348,824 shares in the last quarter. 61.60% of the stock is owned by institutional investors.

Brookfield Stock Down 0.2%

Shares of NYSE BN opened at $42.91 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.32 and a debt-to-equity ratio of 1.54. The firm has a market cap of $105.18 billion, a PE ratio of 84.14 and a beta of 1.53. The company’s fifty day simple moving average is $45.24 and its 200 day simple moving average is $44.77. Brookfield Corporation has a 12-month low of $37.93 and a 12-month high of $49.56.

Brookfield Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $0.07 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.28 annualized dividend and a yield of 0.7%. Brookfield’s dividend payout ratio (DPR) is presently 54.90%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Morgan Stanley reiterated an “overweight” rating and set a $61.00 price target (up from $60.00) on shares of Brookfield in a report on Tuesday, April 21st. TD Securities restated a “buy” rating and set a $60.00 price objective on shares of Brookfield in a research report on Tuesday, May 19th. National Bank Financial upped their target price on Brookfield from $58.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. TD increased their target price on Brookfield from $59.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, May 19th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Brookfield in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $56.82.

Brookfield Company 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.