Triasima Portfolio Management inc. Grows Stake in Brookfield Corporation $BN

Key Points

• Triasima Portfolio Management boosted its stake in Brookfield Corporation by 37.7% in Q4 to 397,781 shares, making it Triasima's 6th-largest holding worth about $18.29 million.
• Other institutions also piled in—most notably Vanguard (+52.1% to 92.1 million shares, ~$4.23 billion) and Lone Pine (+81.1% to 10.18 million shares)—leaving institutional ownership at 61.6%.
• Brookfield recently beat quarterly EPS estimates ($0.67 vs. $0.61), raised its quarterly dividend to $0.07 (annualized $0.28, ~0.6% yield), and trades with a market cap of ~$110.9 billion and a consensus "Moderate Buy" price target of $55.65.

Triasima Portfolio Management inc. boosted its holdings in Brookfield Corporation (NYSE:BN - Free Report) by 37.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 397,781 shares of the company's stock after acquiring an additional 108,915 shares during the quarter. Brookfield accounts for approximately 2.7% of Triasima Portfolio Management inc.'s holdings, making the stock its 6th largest position. Triasima Portfolio Management inc.'s holdings in Brookfield were worth $18,288,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BN. Vanguard Group Inc. lifted its position in Brookfield by 52.1% in the 4th 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. Lone Pine Capital LLC lifted its position in Brookfield by 81.1% in the 3rd 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. bought a new position in Brookfield in the 3rd quarter valued at approximately $171,104,000. TD Waterhouse Canada Inc. lifted its position in Brookfield by 58.0% in the 4th 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. Finally, Baillie Gifford & Co. lifted its position in Brookfield by 45.4% in the 4th quarter. Baillie Gifford & Co. now owns 7,013,657 shares of the company's stock valued at $321,857,000 after acquiring an additional 2,191,270 shares in the last quarter. 61.60% of the stock is owned by institutional investors.

Brookfield Trading Up 0.0%

NYSE:BN opened at $45.25 on Monday. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.21. The firm has a market capitalization of $110.88 billion, a price-to-earnings ratio of 91.71 and a beta of 1.55. Brookfield Corporation has a one year low of $35.95 and a one year high of $49.56. The business has a fifty day moving average price of $42.45 and a 200-day moving average price of $44.87.

Brookfield (NYSE:BN - Get Free Report) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.61 by $0.06. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.63 billion. Brookfield had a return on equity of 3.90% and a net margin of 1.74%. Sell-side analysts forecast that Brookfield Corporation will post 2.95 EPS for the current year.

Brookfield Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were paid 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 annualized dividend and a dividend yield of 0.6%. Brookfield's dividend payout ratio (DPR) is currently 57.14%.

Wall Street Analyst Weigh In

BN has been the topic of several analyst reports. Morgan Stanley reaffirmed an "overweight" rating and issued a $61.00 price objective (up from $60.00) on shares of Brookfield in a research report on Tuesday, April 21st. Zacks Research upgraded shares of Brookfield from a "strong sell" rating to a "hold" rating in a research note on Monday, January 19th. National Bank Financial boosted their target price on shares of Brookfield from $56.00 to $59.00 and gave the company an "outperform" rating in a research note on Wednesday, February 4th. Scotiabank decreased their target price on shares of Brookfield from $52.00 to $48.50 and set a "sector outperform" rating for the company in a research note on Wednesday, March 25th. Finally, Wall Street Zen upgraded shares of Brookfield from a "sell" rating to a "hold" rating in a research note on Saturday, January 31st. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $55.65.

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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