Asset Management One Co. Ltd. Has $19.22 Million Stake in Baker Hughes Company (NASDAQ:BKR)

Asset Management One Co. Ltd. lifted its holdings in shares of Baker Hughes Company (NASDAQ:BKR - Free Report) by 16.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 437,295 shares of the company's stock after buying an additional 60,494 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Baker Hughes were worth $19,219,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in BKR. Private Advisor Group LLC raised its stake in Baker Hughes by 94.2% in the 4th quarter. Private Advisor Group LLC now owns 17,658 shares of the company's stock valued at $724,000 after purchasing an additional 8,565 shares during the last quarter. IFP Advisors Inc grew its holdings in Baker Hughes by 78.7% in the 4th quarter. IFP Advisors Inc now owns 1,297 shares of the company's stock valued at $53,000 after buying an additional 571 shares in the last quarter. Illinois Municipal Retirement Fund grew its holdings in Baker Hughes by 451.7% in the 4th quarter. Illinois Municipal Retirement Fund now owns 162,457 shares of the company's stock valued at $6,664,000 after buying an additional 133,008 shares in the last quarter. Lake Street Advisors Group LLC increased its position in shares of Baker Hughes by 10.7% during the 4th quarter. Lake Street Advisors Group LLC now owns 7,195 shares of the company's stock worth $295,000 after purchasing an additional 693 shares during the last quarter. Finally, Sabal Trust CO increased its position in shares of Baker Hughes by 15.0% during the 4th quarter. Sabal Trust CO now owns 32,891 shares of the company's stock worth $1,349,000 after purchasing an additional 4,285 shares during the last quarter. 92.06% of the stock is owned by institutional investors and hedge funds.

Baker Hughes Stock Down 0.7%

NASDAQ BKR traded down $0.26 on Friday, reaching $38.06. The company had a trading volume of 9,914,793 shares, compared to its average volume of 7,129,595. The firm has a 50-day moving average of $37.48 and a 200-day moving average of $41.08. Baker Hughes Company has a 1 year low of $32.25 and a 1 year high of $49.40. The firm has a market capitalization of $37.71 billion, a PE ratio of 12.99, a P/E/G ratio of 4.05 and a beta of 0.91. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.34 and a quick ratio of 0.93.

Baker Hughes (NASDAQ:BKR - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.03. Baker Hughes had a return on equity of 14.70% and a net margin of 10.51%. The firm had revenue of $6.43 billion for the quarter, compared to analyst estimates of $6.54 billion. On average, equities research analysts anticipate that Baker Hughes Company will post 2.59 EPS for the current fiscal year.

Baker Hughes Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Tuesday, May 6th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend was Tuesday, May 6th. Baker Hughes's dividend payout ratio is 31.40%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Citigroup cut their price objective on Baker Hughes from $54.00 to $53.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Piper Sandler lowered their price objective on Baker Hughes from $53.00 to $50.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Stifel Nicolaus set a $50.00 price target on Baker Hughes and gave the company a "buy" rating in a report on Thursday, April 24th. Morgan Stanley lowered their price target on Baker Hughes from $55.00 to $45.00 and set an "overweight" rating for the company in a report on Friday, May 16th. Finally, TD Securities decreased their price objective on Baker Hughes from $50.00 to $49.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Two investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $49.11.

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.