Dimensional Fund Advisors LP Has $473.88 Million Position in Baker Hughes (NASDAQ:BKR)

Dimensional Fund Advisors LP lifted its holdings in shares of Baker Hughes (NASDAQ:BKR - Free Report) by 8.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,552,478 shares of the company's stock after purchasing an additional 874,297 shares during the period. Dimensional Fund Advisors LP owned 1.17% of Baker Hughes worth $473,880,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Geode Capital Management LLC lifted its stake 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 valued at $1,004,212,000 after purchasing an additional 465,832 shares during the last quarter. Norges Bank bought a new position in Baker Hughes in the fourth quarter valued at $829,092,000. FMR LLC grew its position in Baker Hughes by 12.5% during the fourth quarter. FMR LLC now owns 15,702,057 shares of the company's stock valued at $644,098,000 after acquiring an additional 1,744,225 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Baker Hughes in the 4th quarter worth $291,289,000. Finally, Charles Schwab Investment Management Inc. grew its position in Baker Hughes by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,086,903 shares of the company's stock worth $290,705,000 after acquiring an additional 135,200 shares during the last quarter. Institutional investors and hedge funds own 92.06% of the company's stock.

Baker Hughes Trading Up 0.2 %

Shares of NASDAQ:BKR traded up $0.06 during trading on Friday, reaching $36.44. The stock had a trading volume of 2,434,770 shares, compared to its average volume of 6,895,297. The stock has a market cap of $36.08 billion, a P/E ratio of 12.20, a PEG ratio of 2.00 and a beta of 1.08. The company has a quick ratio of 0.94, a current ratio of 1.32 and a debt-to-equity ratio of 0.35. Baker Hughes has a fifty-two week low of $30.93 and a fifty-two week high of $49.40. The business has a fifty day moving average price of $41.60 and a 200-day moving average price of $42.05.

Baker Hughes (NASDAQ:BKR - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The company reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.03. The business had revenue of $6.43 billion during the quarter, compared to analyst estimates of $6.54 billion. Baker Hughes had a net margin of 10.70% and a return on equity of 14.58%. As a group, analysts anticipate that Baker Hughes will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Tuesday, May 6th will be given a dividend of $0.23 per share. The ex-dividend date is Tuesday, May 6th. This represents a $0.92 annualized dividend and a dividend yield of 2.52%. Baker Hughes's dividend payout ratio is presently 31.40%.

Insider Activity at Baker Hughes

In related news, EVP Maria C. Borras sold 8,000 shares of Baker Hughes stock in a transaction on Monday, January 27th. The stock was sold at an average price of $44.77, for a total value of $358,160.00. Following the transaction, the executive vice president now directly owns 173,302 shares in the company, valued at $7,758,730.54. The trade was a 4.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.27% of the company's stock.

Wall Street Analysts Forecast Growth

BKR has been the subject of a number of recent analyst reports. TD Cowen lowered their price target on Baker Hughes from $50.00 to $49.00 and set a "buy" rating for the company in a research report on Thursday. Piper Sandler reduced their price target on shares of Baker Hughes from $53.00 to $50.00 and set an "overweight" rating for the company in a research note on Thursday. Royal Bank of Canada cut their price target on Baker Hughes from $50.00 to $46.00 and set an "outperform" rating for the company in a report on Thursday. TD Securities lowered their target price on shares of Baker Hughes from $50.00 to $49.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, Stifel Nicolaus set a $50.00 target price on shares of Baker Hughes and gave the stock a "buy" rating in a report on Thursday. Two research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $49.11.

Baker Hughes Profile

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.