Gateway Investment Advisers LLC Raises Stock Holdings in Brookfield Corporation $BN

Key Points

• Gateway Investment Advisers boosted its stake in Brookfield by 48.6% to 160,076 shares (about $7.35M), while other large institutions — including Vanguard and Principal — also added sizable positions, leaving roughly 61.6% of the stock held by hedge funds and institutional investors.
• Analysts rate Brookfield a consensus “Moderate Buy” with an average price target of $55.65, and several firms recently revised targets higher (RBC to $63, National Bank to $59, BMO to $51) even as a few trimmed theirs.
• Brookfield raised its quarterly dividend to $0.07 (annualized $0.28, ~0.6% yield) and reported Q results with EPS of $0.67 beating estimates; the shares trade near $46.52 with a market cap around $114B and a PE of 94.3.

Gateway Investment Advisers LLC grew its stake in Brookfield Corporation (NYSE:BN - Free Report) by 48.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 160,076 shares of the company's stock after acquiring an additional 52,388 shares during the quarter. Gateway Investment Advisers LLC's holdings in Brookfield were worth $7,346,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in BN. Vanguard Group Inc. lifted its position in shares of Brookfield by 52.1% in the fourth quarter. Vanguard Group Inc. now owns 92,103,120 shares of the company's stock valued at $4,228,915,000 after acquiring an additional 31,543,313 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Brookfield by 27.9% in the fourth quarter. Principal Financial Group Inc. now owns 65,050,624 shares of the company's stock valued at $2,985,224,000 after acquiring an additional 14,200,710 shares in the last quarter. Lone Pine Capital LLC lifted its position in shares of Brookfield by 81.1% in the third quarter. Lone Pine Capital LLC now owns 10,181,348 shares of the company's stock valued at $698,237,000 after acquiring an additional 4,559,963 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new stake in shares of Brookfield in the third quarter valued at $171,104,000. Finally, TD Waterhouse Canada Inc. lifted its position in shares of Brookfield by 58.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 6,078,402 shares of the company's stock valued at $278,616,000 after acquiring an additional 2,230,353 shares in the last quarter. 61.60% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Royal Bank Of Canada upped their price objective on Brookfield from $60.00 to $63.00 and gave the company an "outperform" rating in a research report on Monday, April 20th. Zacks Research upgraded Brookfield from a "strong sell" rating to a "hold" rating in a research report on Monday, January 19th. Scotiabank reduced their target price on Brookfield from $52.00 to $48.50 and set a "sector outperform" rating on the stock in a research report on Wednesday, March 25th. National Bank Financial increased their target price on Brookfield from $56.00 to $59.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 4th. Finally, BMO Capital Markets increased their target price on Brookfield from $49.00 to $51.00 and gave the stock an "outperform" rating in a research report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $55.65.

Brookfield Stock Performance

NYSE BN opened at $46.52 on Friday. The business's 50-day moving average price is $42.53 and its 200 day moving average price is $44.90. Brookfield Corporation has a twelve month low of $36.87 and a twelve month high of $49.56. The company has a market capitalization of $114.02 billion, a PE ratio of 94.30 and a beta of 1.55. The company has a current ratio of 1.32, a quick ratio of 1.21 and a debt-to-equity ratio of 1.51.

Brookfield (NYSE:BN - Get Free Report) last released its earnings results on Thursday, February 12th. The company reported $0.67 earnings per share 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 firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.63 billion. On average, research analysts predict that Brookfield Corporation will post 2.95 earnings per share for the current year.

Brookfield Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were issued a $0.07 dividend. This is a positive change from Brookfield's previous quarterly dividend of $0.06. The ex-dividend date was Tuesday, March 17th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.6%. Brookfield's dividend payout ratio (DPR) is 57.14%.

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.

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