Natixis Advisors LLC Increases Holdings in Brookfield Corporation $BN

Natixis Advisors LLC lifted its position in Brookfield Corporation (NYSE:BN) by 48.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 748,690 shares of the company’s stock after purchasing an additional 244,260 shares during the quarter. Natixis Advisors LLC’s holdings in Brookfield were worth $34,357,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of BN. Exchange Traded Concepts LLC purchased a new position in shares of Brookfield in the fourth quarter worth about $27,000. Hilltop National Bank raised its position in Brookfield by 49.9% during the fourth quarter. Hilltop National Bank now owns 724 shares of the company’s stock valued at $33,000 after acquiring an additional 241 shares in the last quarter. New England Capital Financial Advisors LLC raised its position in Brookfield by 50.2% during the fourth quarter. New England Capital Financial Advisors LLC now owns 751 shares of the company’s stock valued at $34,000 after acquiring an additional 251 shares in the last quarter. Entrust Financial LLC purchased a new position in Brookfield during the fourth quarter valued at approximately $35,000. Finally, ST Germain D J Co. Inc. raised its position in Brookfield by 49.9% during the fourth quarter. ST Germain D J Co. Inc. now owns 811 shares of the company’s stock valued at $37,000 after acquiring an additional 270 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 research analysts recently weighed in on BN shares. JPMorgan Chase & Co. lifted their price target on Brookfield from $60.00 to $62.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. National Bank Financial lifted their price target on Brookfield from $58.00 to $60.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. TD lifted their price target on Brookfield from $59.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, May 19th. Scotia lifted their price target on Brookfield from $48.50 to $53.00 and gave the company a “sector outperform” rating in a research report on Friday, May 15th. Finally, Scotiabank reiterated an “outperform” rating and set a $53.00 price target (up from $48.50) on shares of Brookfield in a research report on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $56.82.

Brookfield Stock Performance

NYSE BN opened at $45.01 on Friday. Brookfield Corporation has a fifty-two week low of $37.93 and a fifty-two week high of $49.56. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.20 and a current ratio of 1.32. The firm has a market capitalization of $110.32 billion, a P/E ratio of 88.26 and a beta of 1.53. The stock’s fifty day moving average is $44.30 and its two-hundred day moving average is $44.88.

Brookfield Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Monday, June 15th. Brookfield’s payout ratio is currently 54.90%.

Brookfield 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.