Gotham Asset Management LLC Has $4.62 Million Stock Position in Baker Hughes (NASDAQ:BKR)

Gotham Asset Management LLC decreased its position in shares of Baker Hughes (NASDAQ:BKR - Free Report) by 37.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 112,736 shares of the company's stock after selling 66,467 shares during the period. Gotham Asset Management LLC's holdings in Baker Hughes were worth $4,624,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its holdings in Baker Hughes by 1.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 40,525 shares of the company's stock worth $1,662,000 after acquiring an additional 475 shares in the last quarter. Czech National Bank raised its position in shares of Baker Hughes by 6.0% in the 4th quarter. Czech National Bank now owns 214,549 shares of the company's stock valued at $8,801,000 after purchasing an additional 12,178 shares during the last quarter. Wedmont Private Capital raised its position in shares of Baker Hughes by 4.0% in the 4th quarter. Wedmont Private Capital now owns 18,865 shares of the company's stock valued at $816,000 after purchasing an additional 729 shares during the last quarter. Eastern Bank raised its position in shares of Baker Hughes by 598.4% in the 4th quarter. Eastern Bank now owns 1,739 shares of the company's stock valued at $71,000 after purchasing an additional 1,490 shares during the last quarter. Finally, Kathmere Capital Management LLC raised its position in shares of Baker Hughes by 32.3% in the 4th quarter. Kathmere Capital Management LLC now owns 8,104 shares of the company's stock valued at $332,000 after purchasing an additional 1,980 shares during the last quarter. Institutional investors own 92.06% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. 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 report on Thursday, April 24th. Royal Bank of Canada lowered their target price on Baker Hughes from $50.00 to $46.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Benchmark restated a "buy" rating and issued a $57.00 target price on shares of Baker Hughes in a research note on Tuesday, February 11th. The Goldman Sachs Group upped their target price on Baker Hughes from $51.00 to $52.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Finally, Evercore ISI cut their target price on shares of Baker Hughes from $52.00 to $50.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Two research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. Based on data from MarketBeat, Baker Hughes currently has an average rating of "Moderate Buy" and an average target price of $49.11.

Baker Hughes Stock Performance

Shares of NASDAQ BKR traded down $0.06 during trading hours on Monday, reaching $37.73. The stock had a trading volume of 3,221,186 shares, compared to its average volume of 7,033,382. The business's fifty day moving average is $39.30 and its two-hundred day moving average is $42.08. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.32 and a quick ratio of 0.94. The company has a market cap of $37.38 billion, a price-to-earnings ratio of 12.66, a PEG ratio of 2.00 and a beta of 0.96. Baker Hughes has a twelve month low of $30.93 and a twelve month high of $49.40.

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

Baker Hughes Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Tuesday, May 6th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date was Tuesday, May 6th. Baker Hughes's dividend payout ratio is currently 31.40%.

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.