EP Wealth Advisors LLC decreased its holdings in Baker Hughes (NASDAQ:BKR - Free Report) by 43.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,891 shares of the company's stock after selling 7,742 shares during the quarter. EP Wealth Advisors LLC's holdings in Baker Hughes were worth $406,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. JFS Wealth Advisors LLC raised its position in shares of Baker Hughes by 135.9% in the 4th quarter. JFS Wealth Advisors LLC now owns 670 shares of the company's stock valued at $27,000 after buying an additional 386 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Baker Hughes in the 4th quarter valued at approximately $30,000. Larson Financial Group LLC raised its position in shares of Baker Hughes by 41.2% in the 4th quarter. Larson Financial Group LLC now owns 740 shares of the company's stock valued at $30,000 after buying an additional 216 shares in the last quarter. Kestra Investment Management LLC acquired a new position in shares of Baker Hughes in the 4th quarter valued at approximately $45,000. Finally, OFI Invest Asset Management acquired a new position in shares of Baker Hughes in the 4th quarter valued at approximately $47,000. 92.06% of the stock is currently owned by institutional investors and hedge funds.
Baker Hughes Trading Up 3.1%
BKR opened at $37.62 on Tuesday. Baker Hughes has a fifty-two week low of $30.93 and a fifty-two week high of $49.40. 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 capitalization of $37.27 billion, a price-to-earnings ratio of 12.62, a PEG ratio of 2.00 and a beta of 0.96. The company's 50 day moving average price is $39.63 and its two-hundred day moving average price is $42.07.
Baker Hughes (NASDAQ:BKR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The company reported $0.51 EPS 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 company had revenue of $6.43 billion for the quarter, compared to analyst estimates of $6.54 billion. As a group, research analysts predict that Baker Hughes will post 2.59 earnings per share for the current year.
Baker Hughes Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Tuesday, May 6th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date is Tuesday, May 6th. Baker Hughes's dividend payout ratio is currently 31.40%.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on BKR shares. Royal Bank of Canada dropped their target price on shares of Baker Hughes from $50.00 to $46.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Citigroup lowered 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 report on Tuesday, April 8th. Evercore ISI lowered their price objective on shares of Baker Hughes from $52.00 to $50.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Barclays lowered their price objective on shares of Baker Hughes from $54.00 to $48.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Finally, Susquehanna lowered their price objective on shares of Baker Hughes from $48.00 to $46.00 and set a "positive" rating for the company in a research 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. According to data from MarketBeat.com, Baker Hughes currently has a consensus rating of "Moderate Buy" and a consensus target price of $49.11.
View Our Latest Stock Report on Baker Hughes
Baker Hughes Profile
(
Free Report)
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.
Further Reading
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