QV Investors Inc. Has $27.70 Million Holdings in Brookfield Corporation $BN

QV Investors Inc. decreased its stake in shares of Brookfield Corporation (NYSE:BN) by 5.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 649,449 shares of the company’s stock after selling 34,640 shares during the quarter. Brookfield accounts for about 2.1% of QV Investors Inc.’s investment portfolio, making the stock its 17th biggest position. QV Investors Inc.’s holdings in Brookfield were worth $27,699,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in BN. Headlands Technologies LLC increased its position in shares of Brookfield by 181.4% during the second quarter. Headlands Technologies LLC now owns 91,785 shares of the company’s stock valued at $3,909,000 after purchasing an additional 59,166 shares during the period. Ferguson Wellman Capital Management Inc. bought a new position in Brookfield in the second quarter worth $233,000. Public Employees Retirement System of Ohio acquired a new stake in Brookfield during the second quarter worth $5,498,000. Ancora Advisors LLC acquired a new stake in Brookfield during the second quarter worth $2,759,000. Finally, Shelter Mutual Insurance Co bought a new stake in Brookfield in the 2nd quarter valued at $3,586,000. Institutional investors and hedge funds own 61.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BN. Scotia lifted their price objective on Brookfield from $53.00 to $54.00 and gave the company a “sector outperform” rating in a report on Friday, August 14th. Morgan Stanley set a $59.00 target price on shares of Brookfield and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. BMO Capital Markets raised shares of Brookfield to a “strong-buy” rating in a report on Monday, July 27th. JPMorgan Chase & Co. boosted their price target 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. Finally, Scotiabank reaffirmed an “outperform” rating and set a $54.00 price objective (up from $53.00) on shares of Brookfield in a research note on Friday, August 14th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Brookfield currently has an average rating of “Buy” and an average target price of $56.91.

Brookfield Stock Up 0.1%

Shares of NYSE:BN opened at $41.36 on Monday. The company has a 50 day moving average price of $43.01 and a two-hundred day moving average price of $43.64. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.22 and a current ratio of 1.34. The company has a market capitalization of $101.41 billion, a PE ratio of 75.20 and a beta of 1.54. Brookfield Corporation has a 52 week low of $37.93 and a 52 week high of $49.56.

Brookfield (NYSE:BN) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.04. Brookfield had a return on equity of 3.93% and a net margin of 1.85%.The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.66 billion. Analysts forecast that Brookfield Corporation will post 2.93 earnings per share for the current year.

Brookfield Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, September 14th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Monday, September 14th. Brookfield’s dividend payout ratio is currently 50.91%.

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.