8,883 Shares in Baker Hughes (NASDAQ:BKR) Purchased by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC bought a new stake in shares of Baker Hughes (NASDAQ:BKR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 8,883 shares of the company's stock, valued at approximately $364,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Strategic Financial Concepts LLC bought a new position in shares of Baker Hughes during the fourth quarter valued at $640,000. Burney Co. increased its stake in Baker Hughes by 315.0% during the 4th quarter. Burney Co. now owns 138,788 shares of the company's stock valued at $5,693,000 after purchasing an additional 105,349 shares in the last quarter. Geode Capital Management LLC raised its holdings in Baker Hughes by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 24,543,925 shares of the company's stock worth $1,004,212,000 after buying an additional 465,832 shares during the last quarter. Northstar Advisory Group LLC bought a new position in shares of Baker Hughes in the fourth quarter worth approximately $1,180,000. Finally, Artemis Investment Management LLP grew its holdings in shares of Baker Hughes by 29.4% during the fourth quarter. Artemis Investment Management LLP now owns 1,053,947 shares of the company's stock valued at $43,233,000 after buying an additional 239,773 shares during the last quarter. 92.06% of the stock is owned by hedge funds and other institutional investors.

Baker Hughes Price Performance

BKR traded up $0.24 during trading on Friday, reaching $36.49. 8,993,628 shares of the company traded hands, compared to its average volume of 7,037,092. Baker Hughes has a 12-month low of $30.93 and a 12-month high of $49.40. The firm has a fifty day simple moving average of $39.72 and a 200 day simple moving average of $42.03. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 1.32. The company has a market cap of $36.15 billion, a P/E ratio of 12.24, a PEG ratio of 2.00 and a beta of 0.96.

Baker Hughes (NASDAQ:BKR - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03. The business had revenue of $6.43 billion for the quarter, compared to analysts' expectations of $6.54 billion. Baker Hughes had a net margin of 10.70% and a return on equity of 14.58%. On average, equities analysts forecast that Baker Hughes will post 2.59 EPS for the current year.

Baker Hughes Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Tuesday, May 6th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend is Tuesday, May 6th. Baker Hughes's payout ratio is 31.40%.

Analyst Ratings Changes

Several research firms recently issued reports on BKR. Citigroup lowered their price objective on Baker Hughes from $54.00 to $53.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. TD Cowen dropped their price objective on Baker Hughes from $50.00 to $49.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. JPMorgan Chase & Co. boosted their target price on Baker Hughes from $50.00 to $52.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Stifel Nicolaus set a $50.00 price target on shares of Baker Hughes and gave the company a "buy" rating in a report on Thursday, April 24th. Finally, Wells Fargo & Company boosted their price objective on shares of Baker Hughes from $49.00 to $54.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Two equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. According to MarketBeat, Baker Hughes has an average rating of "Moderate Buy" and an average price target of $49.11.

About Baker Hughes

Baker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain worldwide. The company operates through Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET) segments. The OFSE segment designs and manufactures products and provides related services, including exploration, appraisal, development, production, rejuvenation, and decommissioning for onshore and offshore oilfield operations.