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Brookfield Asset Management Inc Class A Limited (BAM $60.16)
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Brookfield Infrastructure Partners LP Limited Partnership Units (BIP $31.45)
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Brookfield Renewable Corporation Class A Subordinate (BEPC $33.70)
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Brookfield Corporation Class A Limited (BN $65.72)
Q: Currently I have positions in the above Brookfield companies. I plan on keeping the position in BN. Would you please rank the others from best to least preferred along with a brief rational for your decision. THANK YOU!
Docsinc
Docsinc
5i Research Answer:
We would rank: BAM, BIP, BEPC. BAM is much larger, and while its dividend is lower its dividend growth rate will likely be superior. BAM intends to pay the majority of cash flow out as dividends, and its expected earnings growth ratr is quite high. We would rank BIP higher than BEP largely because its business mix is more diverse not tied to renewables as BEP is. With recent sentiment changes towards renewables, BIP may be able to continue to outperform BEP as it has started to this year.