SFE Investment Counsel Takes $295,000 Position in Brookfield Corporation (NYSE:BN)

SFE Investment Counsel acquired a new position in shares of Brookfield Corporation (NYSE:BN - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,625 shares of the company's stock, valued at approximately $295,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Strategic Wealth Partners Ltd. increased its position in shares of Brookfield by 1.7% during the 4th quarter. Strategic Wealth Partners Ltd. now owns 10,229 shares of the company's stock worth $618,000 after purchasing an additional 170 shares during the last quarter. Haverford Trust Co boosted its position in Brookfield by 4.7% during the fourth quarter. Haverford Trust Co now owns 4,308 shares of the company's stock worth $247,000 after purchasing an additional 192 shares during the period. Orion Portfolio Solutions LLC boosted its position in Brookfield by 1.2% during the fourth quarter. Orion Portfolio Solutions LLC now owns 16,616 shares of the company's stock worth $955,000 after purchasing an additional 197 shares during the period. Checchi Capital Advisers LLC boosted its position in Brookfield by 2.9% during the first quarter. Checchi Capital Advisers LLC now owns 7,375 shares of the company's stock worth $387,000 after purchasing an additional 209 shares during the period. Finally, Fidelis Capital Partners LLC boosted its position in Brookfield by 3.7% during the first quarter. Fidelis Capital Partners LLC now owns 7,364 shares of the company's stock worth $392,000 after purchasing an additional 265 shares during the period. Institutional investors own 61.60% of the company's stock.

Brookfield Price Performance

BN stock traded down $0.32 during midday trading on Thursday, reaching $67.46. The company had a trading volume of 2,400,311 shares, compared to its average volume of 2,258,909. The company has a market capitalization of $111.22 billion, a price-to-earnings ratio of 240.91 and a beta of 1.66. The stock has a 50 day moving average price of $60.95 and a 200-day moving average price of $57.09. Brookfield Corporation has a 1-year low of $42.21 and a 1-year high of $68.75. 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 (NYSE:BN - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.08. The company had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.36 billion. Brookfield had a return on equity of 4.20% and a net margin of 0.76%. Equities research analysts expect that Brookfield Corporation will post 3.85 earnings per share for the current year.

Brookfield Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend was Friday, June 13th. Brookfield's payout ratio is currently 128.57%.

Analyst Ratings Changes

A number of equities analysts have commented on BN shares. Scotiabank reduced their price objective on shares of Brookfield from $71.00 to $68.00 and set a "sector outperform" rating for the company in a research report on Monday, April 7th. Royal Bank Of Canada initiated coverage on Brookfield in a report on Wednesday, June 18th. They issued an "outperform" rating and a $81.00 price objective on the stock. JPMorgan Chase & Co. decreased their price objective on Brookfield from $66.00 to $65.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Wall Street Zen lowered Brookfield from a "hold" rating to a "sell" rating in a report on Saturday, July 12th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Brookfield in a report on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, Brookfield has a consensus rating of "Moderate Buy" and an average target price of $66.13.

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.