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

Dixon Mitchell Investment Counsel Inc. decreased its stake in Brookfield Co. (NYSE:BN - Free Report) by 7.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,617,414 shares of the company's stock after selling 139,621 shares during the period. Brookfield accounts for about 4.3% of Dixon Mitchell Investment Counsel Inc.'s holdings, making the stock its 6th biggest holding. Dixon Mitchell Investment Counsel Inc. owned 0.11% of Brookfield worth $92,961,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Connective Portfolio Management LLC acquired a new position in Brookfield in the fourth quarter valued at $1,914,000. Brave Asset Management Inc. acquired a new position in shares of Brookfield in the 4th quarter valued at about $207,000. Pinnacle Bancorp Inc. boosted its position in shares of Brookfield by 29.5% during 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. Thurston Springer Miller Herd & Titak Inc. grew its stake in Brookfield by 23.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,970 shares of the company's stock worth $113,000 after purchasing an additional 369 shares during the period. Finally, Fifth Third Wealth Advisors LLC bought a new stake in Brookfield in the fourth quarter worth approximately $232,000. 61.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on BN shares. BMO Capital Markets restated an "outperform" rating and set a $62.00 price target (up from $50.00) on shares of Brookfield in a report on Friday, November 15th. Scotiabank increased their target price on shares of Brookfield from $65.00 to $69.00 and gave the stock a "sector outperform" rating in a research note on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $55.31.

Brookfield Stock Up 1.1 %

NYSE BN traded up $0.61 during mid-day trading on Thursday, hitting $57.51. The company's stock had a trading volume of 1,382,580 shares, compared to its average volume of 2,792,498. The firm has a market capitalization of $86.75 billion, a price-to-earnings ratio of 122.36 and a beta of 1.56. The company's 50 day simple moving average is $58.11 and its 200 day simple moving average is $52.34. The company has a current ratio of 1.17, a quick ratio of 1.03 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.

Brookfield Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend was Monday, December 16th. Brookfield's payout ratio is presently 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.