Dixon Mitchell Investment Counsel Inc. Has $92.96 Million Stock Holdings in Brookfield Co. (NYSE:BN)

Dixon Mitchell Investment Counsel Inc. lessened its holdings in Brookfield Co. (NYSE:BN) by 7.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,617,414 shares of the company’s stock after selling 139,621 shares during the quarter. Brookfield makes up approximately 4.3% of Dixon Mitchell Investment Counsel Inc.’s holdings, making the stock its 6th biggest holding. Dixon Mitchell Investment Counsel Inc.’s holdings in Brookfield were worth $92,961,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. The Manufacturers Life Insurance Company boosted its stake in Brookfield by 31.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 11,736,712 shares of the company’s stock worth $623,783,000 after acquiring an additional 2,818,716 shares during the last quarter. EdgePoint Investment Group Inc. raised its stake in Brookfield by 1.7% during the 3rd quarter. EdgePoint Investment Group Inc. now owns 11,512,817 shares of the company’s stock worth $611,383,000 after buying an additional 196,790 shares during the period. Toronto Dominion Bank lifted its holdings in Brookfield by 23.4% during the third quarter. Toronto Dominion Bank now owns 6,851,397 shares of the company’s stock worth $364,152,000 after acquiring an additional 1,301,072 shares in the last quarter. Geode Capital Management LLC grew its stake in Brookfield by 10.9% in the third quarter. Geode Capital Management LLC now owns 6,029,880 shares of the company’s stock valued at $320,670,000 after acquiring an additional 591,757 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Brookfield by 10.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,564,317 shares of the company’s stock worth $189,507,000 after acquiring an additional 351,231 shares in the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.

Analyst Ratings Changes

BN has been the subject of several research analyst reports. Scotiabank boosted their price objective on Brookfield from $65.00 to $69.00 and gave the company a “sector outperform” rating in a research report on Friday, November 15th. BMO Capital Markets reiterated an “outperform” rating and issued a $62.00 price target (up previously from $50.00) on shares of Brookfield in a report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $55.31.

Brookfield Price Performance

Shares of BN opened at $56.95 on Thursday. 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 Co. has a twelve month low of $37.79 and a twelve month high of $62.44. The stock has a market capitalization of $85.91 billion, a P/E ratio of 121.17 and a beta of 1.56. The company has a 50 day moving average of $58.11 and a 200-day moving average of $52.34.

Brookfield Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend was Monday, December 16th. Brookfield’s dividend payout ratio (DPR) is currently 68.09%.

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.