Baldwin Investment Management LLC Acquires 26,095 Shares of Baker Hughes (NASDAQ:BKR)

Baldwin Investment Management LLC boosted its holdings in shares of Baker Hughes (NASDAQ:BKR - Free Report) by 111.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,532 shares of the company's stock after purchasing an additional 26,095 shares during the quarter. Baldwin Investment Management LLC's holdings in Baker Hughes were worth $2,032,000 at the end of the most recent quarter.

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

Baker Hughes Trading Up 2.5 %

BKR opened at $37.10 on Friday. Baker Hughes has a fifty-two week low of $30.93 and a fifty-two week high of $49.40. The company has a market cap of $36.76 billion, a price-to-earnings ratio of 12.45, a price-to-earnings-growth ratio of 2.00 and a beta of 0.96. 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 firm has a 50 day simple moving average of $40.44 and a 200 day simple moving average of $42.04.

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 for the quarter, beating analysts' consensus estimates of $0.48 by $0.03. The company had revenue of $6.43 billion for the quarter, compared to the consensus estimate of $6.54 billion. Baker Hughes had a return on equity of 14.58% and a net margin of 10.70%. On average, sell-side analysts anticipate that Baker Hughes will post 2.59 earnings per share for the current year.

Baker Hughes Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Tuesday, May 6th will be given a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, May 6th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.48%. Baker Hughes's dividend payout ratio is 31.40%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Royal Bank of Canada lowered their price target on shares of Baker Hughes from $50.00 to $46.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. TD Securities dropped their price target on shares of Baker Hughes from $50.00 to $49.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Benchmark reaffirmed a "buy" rating and set a $57.00 price objective on shares of Baker Hughes in a report on Tuesday, February 11th. TD Cowen dropped their target price on Baker Hughes from $50.00 to $49.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Finally, The Goldman Sachs Group boosted their price target on Baker Hughes from $51.00 to $52.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target 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.

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