Ensign Peak Advisors Inc Boosts Stock Holdings in Baker Hughes (NASDAQ:BKR)

Ensign Peak Advisors Inc grew its stake in shares of Baker Hughes (NASDAQ:BKR - Free Report) by 40.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 1,531,007 shares of the company's stock after acquiring an additional 440,683 shares during the quarter. Ensign Peak Advisors Inc owned about 0.15% of Baker Hughes worth $62,802,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of BKR. Dynasty Wealth Management LLC raised its holdings in shares of Baker Hughes by 2.7% during the 4th quarter. Dynasty Wealth Management LLC now owns 7,904 shares of the company's stock worth $324,000 after buying an additional 207 shares in the last quarter. Larson Financial Group LLC grew its position in Baker Hughes by 41.2% in the fourth quarter. Larson Financial Group LLC now owns 740 shares of the company's stock valued at $30,000 after acquiring an additional 216 shares during the last quarter. Alpine Woods Capital Investors LLC raised its stake in Baker Hughes by 0.7% during the fourth quarter. Alpine Woods Capital Investors LLC now owns 40,467 shares of the company's stock worth $1,660,000 after acquiring an additional 267 shares in the last quarter. Cromwell Holdings LLC lifted its holdings in shares of Baker Hughes by 9.3% in the fourth quarter. Cromwell Holdings LLC now owns 3,169 shares of the company's stock worth $130,000 after acquiring an additional 269 shares during the last quarter. Finally, 180 Wealth Advisors LLC boosted its stake in shares of Baker Hughes by 1.3% in the 4th quarter. 180 Wealth Advisors LLC now owns 22,506 shares of the company's stock valued at $923,000 after purchasing an additional 295 shares in the last quarter. 92.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on BKR. Citigroup dropped their price objective on shares of Baker Hughes from $54.00 to $53.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Evercore ISI dropped their price target on Baker Hughes from $52.00 to $50.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. TD Cowen reduced 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. Royal Bank of Canada cut their price target 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. Finally, Piper Sandler dropped their price objective on shares of Baker Hughes from $53.00 to $50.00 and set an "overweight" 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. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $49.11.

Baker Hughes Stock Down 0.9%

Shares of NASDAQ:BKR traded down $0.35 during trading on Thursday, reaching $37.49. 2,882,421 shares of the stock were exchanged, compared to its average volume of 7,045,597. The stock has a fifty day moving average of $39.45 and a two-hundred day moving average of $42.01. 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 market cap of $37.14 billion, a price-to-earnings ratio of 12.59, a price-to-earnings-growth ratio of 2.00 and a beta of 0.96. Baker Hughes has a 1-year low of $30.93 and a 1-year high of $49.40.

Baker Hughes (NASDAQ:BKR - Get Free Report) last released its 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. Baker Hughes had a net margin of 10.70% and a return on equity of 14.58%. The firm had revenue of $6.43 billion for the quarter, compared to analysts' expectations of $6.54 billion. Research analysts anticipate that Baker Hughes will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Announces Dividend

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 issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.45%. The ex-dividend date is Tuesday, May 6th. Baker Hughes's dividend payout ratio (DPR) is 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.