Trust Co. of Vermont Takes Position in Brookfield Corporation $BN

Trust Co. of Vermont bought a new stake in shares of Brookfield Corporation (NYSE:BN) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 42,372 shares of the company’s stock, valued at approximately $1,805,000.

Several other institutional investors have also bought and sold shares of the stock. MCF Advisors LLC bought a new position in Brookfield during the 4th quarter valued at $26,000. Quattro Advisors LLC purchased a new position in Brookfield during the 4th quarter worth $26,000. Truvestments Capital LLC grew its stake in shares of Brookfield by 49.9% in the 4th quarter. Truvestments Capital LLC now owns 640 shares of the company’s stock worth $29,000 after acquiring an additional 213 shares in the last quarter. New England Capital Financial Advisors LLC grew its stake in shares of Brookfield by 50.2% in the 4th quarter. New England Capital Financial Advisors LLC now owns 751 shares of the company’s stock worth $34,000 after acquiring an additional 251 shares in the last quarter. Finally, Entrust Financial LLC purchased a new stake in shares of Brookfield in the fourth quarter valued at about $35,000. Institutional investors own 61.60% of the company’s stock.

Brookfield Price Performance

BN opened at $42.82 on Tuesday. The firm has a market cap of $104.99 billion, a P/E ratio of 77.85 and a beta of 1.54. The firm has a 50-day moving average of $43.60 and a 200 day moving average of $43.90. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.22 and a current ratio of 1.34. Brookfield Corporation has a fifty-two week low of $37.93 and a fifty-two week high of $49.56.

Brookfield (NYSE:BN) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.62 by $0.04. The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.66 billion. Brookfield had a net margin of 1.85% and a return on equity of 3.93%. On average, research analysts expect that Brookfield Corporation will post 2.99 EPS for the current year.

Brookfield Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, September 14th will be paid a dividend of $0.07 per share. The ex-dividend date is Monday, September 14th. This represents a $0.28 annualized dividend and a dividend yield of 0.7%. Brookfield’s dividend payout ratio (DPR) is presently 50.91%.

Wall Street Analysts Forecast Growth

BN has been the topic of a number of recent analyst reports. TD raised their price target on shares of Brookfield from $60.00 to $61.00 and gave the company a “buy” rating in a research report on Friday. JPMorgan Chase & Co. upped their price objective on shares of Brookfield from $60.00 to $62.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. TD Securities reiterated a “buy” rating and issued a $60.00 price objective on shares of Brookfield in a research note on Tuesday, May 19th. Scotiabank reissued an “outperform” rating and set a $54.00 target price (up from $53.00) on shares of Brookfield in a research report on Friday. Finally, National Bank Financial boosted their target price on Brookfield from $58.00 to $60.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Brookfield currently has an average rating of “Buy” and an average target price of $56.91.

Brookfield 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.