Brookfield Corporation (NYSE:BN) is Heritage Wealth Advisors' 10th Largest Position

Key Points

• Heritage Wealth Advisors has increased its stake in Brookfield Corporation by 2.2%, making it the firm's 10th largest position, holding approximately $57 million worth of shares.
• Brookfield recently reported earnings of $0.98 per share, exceeding expectations, with revenue of $1.37 billion for the quarter.
• Analysts have varied opinions on Brookfield's stock; while National Bankshares set a price target of $82.00 with an "outperform" rating, others have downgraded their ratings, resulting in a consensus rating of "Moderate Buy" with a target of $70.00.

Heritage Wealth Advisors increased its stake in shares of Brookfield Corporation (NYSE:BN - Free Report) by 2.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,095,778 shares of the company's stock after purchasing an additional 24,039 shares during the quarter. Brookfield makes up approximately 2.9% of Heritage Wealth Advisors' portfolio, making the stock its 10th largest position. Heritage Wealth Advisors owned about 0.07% of Brookfield worth $57,430,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CoreCap Advisors LLC purchased a new position in Brookfield in the fourth quarter valued at about $29,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in shares of Brookfield during the 1st quarter worth about $26,000. North Capital Inc. acquired a new stake in shares of Brookfield during the 1st quarter valued at about $27,000. ST Germain D J Co. Inc. bought a new stake in shares of Brookfield in the 1st quarter valued at approximately $28,000. Finally, Golden State Wealth Management LLC grew its stake in shares of Brookfield by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 592 shares of the company's stock valued at $31,000 after buying an additional 296 shares in the last quarter. 61.60% of the stock is owned by hedge funds and other institutional investors.

Brookfield Stock Performance

Shares of BN opened at $66.99 on Friday. The company has a market capitalization of $110.45 billion, a PE ratio of 239.25 and a beta of 1.66. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.30 and a quick ratio of 1.18. Brookfield Corporation has a one year low of $42.21 and a one year high of $68.75. The company's fifty day moving average price is $61.85 and its 200 day moving average price is $57.46.

Brookfield (NYSE:BN - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.08. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.36 billion. Brookfield had a return on equity of 4.20% and a net margin of 0.76%. As a group, analysts expect that Brookfield Corporation will post 3.85 earnings per share for the current year.

Brookfield Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were issued a $0.09 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.36 dividend on an annualized basis and a yield of 0.5%. Brookfield's dividend payout ratio (DPR) is 128.57%.

Analysts Set New Price Targets

Several brokerages recently weighed in on BN. National Bankshares set a $82.00 price objective on shares of Brookfield and gave the company an "outperform" rating in a research report on Tuesday. Wall Street Zen lowered shares of Brookfield from a "hold" rating to a "sell" rating in a research note on Saturday, July 12th. JPMorgan Chase & Co. reduced their price objective on shares of Brookfield from $66.00 to $65.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Morgan Stanley reiterated an "overweight" rating on shares of Brookfield in a report on Monday, May 19th. Finally, National Bank Financial began coverage on Brookfield in a report on Tuesday. They set an "outperform" rating and a $82.00 target price on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $70.00.

Brookfield Company Profile

Brookfield Corporation is an alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets. It manages a range of public and private investment products and services for institutional and retail clients.

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