Captrust Financial Advisors Boosts Stake in Baker Hughes (NASDAQ:BKR)

Captrust Financial Advisors increased its stake in shares of Baker Hughes (NASDAQ:BKR - Free Report) by 19.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,154 shares of the company's stock after acquiring an additional 6,629 shares during the period. Captrust Financial Advisors' holdings in Baker Hughes were worth $1,688,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BKR. Cary Street Partners Financial LLC acquired a new stake in Baker Hughes in the fourth quarter valued at approximately $3,737,000. Balyasny Asset Management L.P. grew its holdings in Baker Hughes by 52.0% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,522,811 shares of the company's stock valued at $62,466,000 after purchasing an additional 521,203 shares during the period. Baldwin Investment Management LLC grew its holdings in Baker Hughes by 111.3% in the fourth quarter. Baldwin Investment Management LLC now owns 49,532 shares of the company's stock valued at $2,032,000 after purchasing an additional 26,095 shares during the period. Benjamin Edwards Inc. grew its holdings in Baker Hughes by 471.0% in the fourth quarter. Benjamin Edwards Inc. now owns 44,753 shares of the company's stock valued at $1,836,000 after purchasing an additional 36,916 shares during the period. Finally, BNP Paribas grew its holdings in Baker Hughes by 265.0% in the fourth quarter. BNP Paribas now owns 2,201 shares of the company's stock valued at $90,000 after purchasing an additional 1,598 shares during the period. 92.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BKR has been the topic of a number of research analyst reports. Susquehanna lowered their price target on Baker Hughes from $48.00 to $46.00 and set a "positive" rating on the stock in a research note on Thursday, April 24th. Evercore ISI lowered their price target on Baker Hughes from $52.00 to $50.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Barclays lowered their price target on Baker Hughes from $54.00 to $48.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Stifel Nicolaus set a $50.00 price target on Baker Hughes and gave the stock a "buy" rating in a research note on Thursday, April 24th. Finally, Royal Bank of Canada reduced their price objective on Baker Hughes from $50.00 to $46.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Two analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the 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 Up 0.2%

BKR traded up $0.06 on Friday, hitting $37.79. 6,155,847 shares of the company were exchanged, compared to its average volume of 7,043,811. The firm has a 50-day moving average price of $39.30 and a two-hundred day moving average price of $42.02. The company has a market cap of $37.44 billion, a price-to-earnings ratio of 12.68, a price-to-earnings-growth 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. The company has a current ratio of 1.32, a quick ratio of 0.94 and a debt-to-equity ratio of 0.35.

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

Baker Hughes Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date was Tuesday, May 6th. This represents a $0.92 annualized dividend and a dividend yield of 2.43%. Baker Hughes's dividend payout ratio is currently 31.40%.

Baker Hughes Company 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.