Northwest & Ethical Investments L.P. Has $22.05 Million Stake in Brookfield Co. (NYSE:BN)

Northwest & Ethical Investments L.P. lowered its position in Brookfield Co. (NYSE:BN) by 0.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 384,364 shares of the company’s stock after selling 681 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Brookfield were worth $22,052,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans bought a new stake in shares of Brookfield in the third quarter valued at approximately $223,000. Pathstone Holdings LLC lifted its holdings in shares of Brookfield by 2.0% during the third quarter. Pathstone Holdings LLC now owns 97,293 shares of the company’s stock valued at $5,171,000 after acquiring an additional 1,929 shares during the period. Caprock Group LLC lifted its holdings in shares of Brookfield by 2.5% during the third quarter. Caprock Group LLC now owns 12,332 shares of the company’s stock valued at $655,000 after acquiring an additional 300 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Brookfield by 5.7% in the third quarter. PNC Financial Services Group Inc. now owns 183,698 shares of the company’s stock valued at $9,764,000 after buying an additional 9,915 shares in the last quarter. Finally, PCJ Investment Counsel Ltd. increased its stake in shares of Brookfield by 52.4% in the third quarter. PCJ Investment Counsel Ltd. now owns 163,280 shares of the company’s stock valued at $8,673,000 after buying an additional 56,150 shares in the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Stock Up 3.7 %

Shares of NYSE:BN opened at $54.12 on Thursday. The stock has a market cap of $89.08 billion, a price-to-earnings ratio of 180.39 and a beta of 1.65. The company has a quick ratio of 1.09, a current ratio of 1.21 and a debt-to-equity ratio of 1.40. Brookfield Co. has a 12-month low of $38.18 and a 12-month high of $62.78. The business’s 50 day moving average is $57.20 and its 200 day moving average is $55.90.

Brookfield (NYSE:BN) last posted its quarterly earnings data on Thursday, February 13th. The company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.13. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. On average, sell-side analysts forecast that Brookfield Co. will post 3.85 earnings per share for the current fiscal year.

Brookfield Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.67%. Brookfield’s payout ratio is 120.00%.

Wall Street Analyst Weigh In

BN has been the subject of a number of research reports. CIBC lifted their price objective on Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research report on Thursday, January 23rd. TD Securities boosted their target price on Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Morgan Stanley began coverage on Brookfield in a research note on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 target price on the stock. Finally, Scotiabank boosted their price target on Brookfield from $69.00 to $71.00 and gave the stock a “sector outperform” rating in a research report on Monday, February 3rd. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Brookfield has an average rating of “Moderate Buy” and an average price target of $64.00.

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.