Culbertson A N & Co. Inc. Sells 280 Shares of Brookfield Co. (NYSE:BN)

Culbertson A N & Co. Inc. decreased its position in shares of Brookfield Co. (NYSE:BN) by 0.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 82,201 shares of the company’s stock after selling 280 shares during the period. Culbertson A N & Co. Inc.’s holdings in Brookfield were worth $4,722,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. boosted its stake in shares of Brookfield by 29.5% in the 4th quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company’s stock valued at $56,000 after purchasing an additional 221 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Brookfield by 10.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,579 shares of the company’s stock worth $148,000 after purchasing an additional 245 shares during the last quarter. First Trust Direct Indexing L.P. boosted its position in Brookfield by 2.9% during the third quarter. First Trust Direct Indexing L.P. now owns 10,374 shares of the company’s stock valued at $551,000 after buying an additional 292 shares during the period. Caprock Group LLC grew its stake 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 buying an additional 300 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Brookfield by 0.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 113,397 shares of the company’s stock worth $6,027,000 after buying an additional 357 shares during the period. Institutional investors own 61.60% of the company’s stock.

Brookfield Price Performance

Shares of Brookfield stock opened at $58.16 on Tuesday. The company has a market cap of $87.73 billion, a PE ratio of 123.75 and a beta of 1.56. The business has a 50 day moving average of $58.12 and a 200 day moving average of $52.75. Brookfield Co. has a 52 week low of $38.18 and a 52 week high of $62.44. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 1.40.

Brookfield Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a $0.08 dividend. The ex-dividend date was Monday, December 16th. This represents a $0.32 annualized dividend and a dividend yield of 0.55%. Brookfield’s dividend payout ratio is 68.09%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. BMO Capital Markets restated an “outperform” rating and set a $62.00 target price (up from $50.00) on shares of Brookfield in a report on Friday, November 15th. Scotiabank increased their price objective on Brookfield from $65.00 to $69.00 and gave the company a “sector outperform” rating in a research note on Friday, November 15th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $55.31.

Brookfield 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.