The hedge fund manager is picky about which stocks he buys, but these two passed the test for him in Q2. Bill Ackman ranks among the most successful investors on the planet. Thanks to the tremendous success of his Pershing Square Capital Management hedge fund, Ackman's net worth currently totals close to $9 billion. But the billionaire isn't a big fan of diversification. Pershing Square's portfolio includes only nine stocks. And two of them were added in the second quarter of 2024. Here's why Ackman bought ...

BROOKFIELD, News, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) and Brookfield Corporation (NYSE: BN, TSX: BN) announced that they will host their Investor Day on Tuesday, September 10, 2024. Brookfield Asset Management's event will run from 10:00 a.m. (ET) until 1:00 p.m. (ET). Brookfield Corporation's event will run from 2:00 p.m. (ET) to 4:00 p.m. (ET). The live webcast, along with copies of the presentations, can be accessed by all interested parties through h ...

Justin Paget With decarbonisation urgently required to ensure climatic stability, green finance has naturally become a high growth sector. According to Arup and Oxford Economics research, it will be a USD 152 billion opportunity by 2050, growing by 7.2x from 2020. This underlines the potential for the Canadian investor in renewable energy Brookfield Renewable Partners (NYSE:BEP), with over USD 100 billion in AUM (see Slide 5 of the link). Despite the potential however, the company's stock, has seen underwhe ...

All amounts in Canadian dollars unless otherwise stated. BROOKFIELD, NEWS, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Brookfield Corporation ("Brookfield") (NYSE: BN, TSX: BN) today announced that it has determined the fixed dividend rate on its Cumulative Class A Preference Shares, Series 40 ("Series 40 Shares") (TSX: BN.PF.F) for the five years commencing October 1, 2024 and ending September 30, 2029. If declared, the fixed quarterly dividends on the Series 40 Shares during the five years commencing October 1, 20 ...

I I F ■ F The New York Stock Exchange on Wall Street. Matteo Colombo As an analyst, I aim to be as transparent as possible with my picks. While I don't own all of the stocks that I cover, I only cover stocks that I do own or could at least see myself owning. Now, clicks are important to me. For full disclosure, Seeking Alpha is part of how I make my living. However, the money and attention aren't the be-all and end-all for me. Best serving my readers stands one notch above merely making money. In my experie ...

Niall_Majury Introduction Per my May article, Brookfield Corporation (NYSE:BN) allocates capital shrewdly. Since then, a July 17 Bloomberg article discussed management changes. The 2Q24 letter to shareholders also talked about the evolution of management. My thesis is that Brookfield is preserving their culture while slowly and carefully making management transitions. Management Development And Culture Brookfield has a collaborative culture and this was laid out in the 2Q20 earnings call when CEO Bruce Flat ...

I 11000 I the The Bank IN 100 imaginima The Utilities sector is the second-highest yielding among the eleven, just after Real Estate. One of my highest-conviction picks in this sector happens to be a company rated "Sell" by Seeking Alpha's Quant system: Brookfield Renewable (NYSE:BEP) (NYSE:BEPC). While the share price has been largely flat for the past five years, with several quarters of negative earnings, I believe the company is poised to be the global leader in renewable energy. With a highly diversifi ...

J Studios/DigitalVision via Getty Images Stock Covered BIP Analyst's rating at publication STRONG BUY $31.3 Price at publication 5.24% Change 8.28% Total Return 14.79% S&P 500 change Analyst's rating history 40 Performance Assessment I initially had a bullish stance in my Inst article on Brookfield Infrastructure Partners (NYSE:BIP). Since then, the stock has lagged the S&P 500 on a total shareholder return basis: About This Article ■ o a 30 20 Analyst's full rating history s Performance since Author's Last ...

Core Viewpoint - Brookfield Infrastructure offers a diversified portfolio of mission-critical assets, providing stability and growth potential, while traditional utilities face challenges such as limited pricing power and rising debt costs [25]. Group 1: Company Overview - Brookfield Infrastructure Partners (BIP) has a significant utility exposure, with nearly 30% of its funds from operations (FFO) derived from the utility sector, including 4,200 kilometers of natural gas pipelines and 2,900 kilometers of electricity transmission lines [6][12]. - The company has a strong balance sheet with a BBB+ investment-grade rating, $1.9 billion in liquidity, and a well-structured debt maturity profile, with only 1% of asset-level debt maturing in the next 12 months [21][22]. Group 2: Financial Performance - In Q2 2024, Brookfield reported $608 million in FFO, a 10% increase year-over-year, driven by organic growth and strategic M&A activities [17][18]. - The company maintains a distribution of $0.405 per unit, representing a yield of 4.9%, with a payout ratio of 68%, consistent with its target of 60-70% [18][19]. Group 3: Growth Potential - Brookfield targets 5-9% annual distribution growth, supported by expected per unit FFO growth, and has increased its distribution by 8% annually over the past decade [19][20]. - The company has a project backlog of $7.7 billion, 15% higher than the previous year, indicating strong growth prospects [22]. Group 4: Market Position and Strategy - Brookfield is strategically positioned to benefit from global trends such as AI adoption, digitalization, and decarbonization, with assets that include data centers and telecom infrastructure [25][26]. - The company engages in high-quality acquisitions, such as increasing its stake in Brazilian logistics and acquiring data centers, which drive long-term growth [22][26]. Group 5: Valuation - BIP trades at a blended EV/EBITDA ratio of 10.9x, below its 10-year average, with expected EBITDA growth to $4.5 billion in 2025 [23][24]. - The current consensus price target for BIP is $38.30, representing a 16% upside from the current price, with potential for further appreciation if interest rates stabilize [24].

Brookfield Renewable is an income-generating machine. Brookfield Renewable (BEPC -2.35%) (BEP -2.30%) has a terrific track record of paying dividends. The leading global renewable energy producer has paid them since 2001. It has steadily grown its payout over the years (a 6% compound annual rate), including delivering at least 5% annual growth in each of the last 13 years. The renewable energy dividend stock currently offers a high dividend yield (over 5% compared to less than 1.5% for the S&P 500). Because ...