Intact Investment Management Inc. Boosts Position in Brookfield Corporation $BN

Intact Investment Management Inc. increased its stake in Brookfield Corporation (NYSE:BN - Free Report) by 55.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 311,305 shares of the company's stock after buying an additional 111,205 shares during the period. Intact Investment Management Inc.'s holdings in Brookfield were worth $14,293,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Chemistry Wealth Management LLC grew its holdings in Brookfield by 51.6% during the 4th quarter. Chemistry Wealth Management LLC now owns 437,620 shares of the company's stock worth $20,082,000 after acquiring an additional 148,893 shares in the last quarter. Triasima Portfolio Management inc. grew its holdings in Brookfield by 9.0% during the 3rd quarter. Triasima Portfolio Management inc. now owns 288,866 shares of the company's stock worth $19,825,000 after acquiring an additional 23,923 shares in the last quarter. PCJ Investment Counsel Ltd. grew its holdings in Brookfield by 110.2% during the 3rd 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 in the last quarter. Florida Trust Wealth Management Co grew its holdings in Brookfield by 49.0% during the 4th 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 in the last quarter. Finally, Citigroup Inc. grew its holdings in Brookfield by 49.5% during the 3rd quarter. Citigroup Inc. now owns 667,613 shares of the company's stock worth $45,817,000 after acquiring an additional 221,078 shares in the last quarter. Hedge funds and other institutional investors own 61.60% of the company's stock.

Analyst Upgrades and Downgrades

BN has been the topic of several recent research reports. Wall Street Zen upgraded shares of Brookfield from a "sell" rating to a "hold" rating in a report on Saturday, January 31st. National Bank Financial increased their target price on shares of Brookfield from $56.00 to $59.00 and gave the stock an "outperform" rating in a report on Wednesday, February 4th. BMO Capital Markets increased their target price on shares of Brookfield from $49.00 to $51.00 and gave the stock an "outperform" rating in a report on Friday, February 13th. Scotiabank dropped their target price on shares of Brookfield from $52.00 to $48.50 and set a "sector outperform" rating on the stock in a report on Wednesday, March 25th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Brookfield in a report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $55.65.

Brookfield Stock Up 0.0%

NYSE:BN opened at $45.25 on Monday. Brookfield Corporation has a fifty-two week low of $35.95 and a fifty-two week high of $49.56. The stock has a market capitalization of $110.88 billion, a P/E ratio of 91.71 and a beta of 1.55. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.21 and a current ratio of 1.32. The company's 50-day simple moving average is $42.45 and its 200-day simple moving average is $44.87.

Brookfield (NYSE:BN - Get Free Report) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.67 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.06. Brookfield had a net margin of 1.74% and a return on equity of 3.90%. The business had revenue of $1.63 billion for the quarter, compared to analysts' expectations of $1.63 billion. On average, equities analysts anticipate that Brookfield Corporation will post 2.95 earnings per share for the current fiscal year.

Brookfield Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were issued a $0.07 dividend. 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%. This is an increase from Brookfield's previous quarterly dividend of $0.06. Brookfield's dividend payout ratio (DPR) is 57.14%.

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.

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