Wealth Enhancement Advisory Services LLC Raises Stock Holdings in Brookfield Corporation $BN

Wealth Enhancement Advisory Services LLC raised its stake in Brookfield Corporation (NYSE:BN) by 41.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 126,777 shares of the company’s stock after buying an additional 37,328 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Brookfield were worth $6,234,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in BN. AQR Capital Management LLC boosted its position in shares of 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 during the period. NewEdge Advisors LLC lifted its stake in Brookfield by 13.5% during the 1st quarter. NewEdge Advisors LLC now owns 2,488 shares of the company’s stock worth $130,000 after acquiring an additional 295 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in Brookfield by 32.3% during 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 in the last quarter. SG Americas Securities LLC boosted its holdings in Brookfield by 4.1% during the 2nd quarter. SG Americas Securities LLC now owns 4,333 shares of the company’s stock valued at $268,000 after acquiring an additional 172 shares during the period. Finally, American Century Companies Inc. grew its position in Brookfield by 1.0% in the 2nd quarter. American Century Companies Inc. now owns 67,706 shares of the company’s stock valued at $4,190,000 after acquiring an additional 682 shares in the last quarter. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Stock Down 1.7%

Brookfield stock opened at $38.99 on Friday. The stock has a market cap of $95.51 billion, a PE ratio of 79.03 and a beta of 1.58. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.21. The stock’s fifty day moving average is $43.91 and its two-hundred day moving average is $45.25. Brookfield Corporation has a 1-year low of $29.07 and a 1-year high of $49.56.

Brookfield (NYSE:BN) last released its quarterly earnings data on Thursday, February 12th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.06. Brookfield had a return on equity of 3.90% and a net margin of 1.74%.The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.63 billion. On average, sell-side analysts expect that Brookfield Corporation will post 3.85 EPS for the current fiscal year.

Brookfield Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This is an increase from Brookfield’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a yield of 0.7%. Brookfield’s dividend payout ratio is 57.14%.

Analysts Set New Price Targets

Several research analysts have recently commented on BN shares. Weiss Ratings reissued a “hold (c)” rating on shares of Brookfield in a research note on Monday, December 29th. Royal Bank Of Canada upped their target price on shares of Brookfield from $49.00 to $51.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Morgan Stanley reissued an “overweight” rating and issued a $60.00 price target on shares of Brookfield in a research report on Tuesday, February 17th. Zacks Research raised Brookfield from a “strong sell” rating to a “hold” rating in a research report on Monday, January 19th. Finally, National Bank Financial boosted their target price on Brookfield from $56.00 to $59.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. One 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $54.20.

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.