PBU The Pension Fund of Early Childhood & Youth Educators Makes New $21.44 Million Investment in Brookfield Corporation $BN

PBU The Pension Fund of Early Childhood & Youth Educators purchased a new position in shares of Brookfield Corporation (NYSE:BN) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 466,416 shares of the company’s stock, valued at approximately $21,443,000. Brookfield comprises approximately 0.8% of PBU The Pension Fund of Early Childhood & Youth Educators’ portfolio, making the stock its 22nd biggest holding.

A number of other hedge funds have also recently modified their holdings of the business. Savant Capital LLC grew its position in shares of Brookfield by 6.5% during the 3rd quarter. Savant Capital LLC now owns 3,689 shares of the company’s stock valued at $253,000 after acquiring an additional 226 shares during the period. State of Wyoming grew its position in shares of Brookfield by 7.8% during the 3rd quarter. State of Wyoming now owns 3,301 shares of the company’s stock valued at $227,000 after acquiring an additional 240 shares during the period. Hilltop National Bank grew its position in shares of Brookfield by 49.9% during the 4th quarter. Hilltop National Bank now owns 724 shares of the company’s stock valued at $33,000 after acquiring an additional 241 shares during the period. Cary Street Partners Investment Advisory LLC grew its position in shares of Brookfield by 38.4% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 875 shares of the company’s stock valued at $60,000 after acquiring an additional 243 shares during the period. Finally, New England Capital Financial Advisors LLC grew its position in shares of Brookfield by 50.2% during the 4th 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 during the period. Institutional investors own 61.60% of the company’s stock.

Brookfield Stock Down 1.0%

Shares of BN stock opened at $44.60 on Friday. The company has a market capitalization of $109.30 billion, a price-to-earnings ratio of 87.45 and a beta of 1.53. Brookfield Corporation has a one year low of $37.93 and a one year high of $49.56. The company’s fifty day moving average price is $44.40 and its 200-day moving average price is $44.88. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.32 and a quick ratio of 1.20.

Brookfield Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Monday, June 15th. Brookfield’s dividend payout ratio (DPR) is presently 54.90%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BN. Royal Bank Of Canada cut their price objective on shares of Brookfield from $63.00 to $61.00 and set an “outperform” rating for the company in a research report on Friday, May 15th. JPMorgan Chase & Co. raised their price objective on shares of Brookfield from $60.00 to $62.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. TD raised their price objective on shares of Brookfield from $59.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, May 19th. TD Securities restated a “buy” rating and set a $60.00 price objective on shares of Brookfield in a research report on Tuesday, May 19th. Finally, Scotiabank restated an “outperform” rating and set a $53.00 price objective (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 issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Brookfield presently has an average rating of “Moderate Buy” and a consensus price target of $56.82.

About Brookfield

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.