Baker Hughes Company (NASDAQ:BKR) Shares Bought by Achmea Investment Management B.V.

Achmea Investment Management B.V. lifted its stake in Baker Hughes Company (NASDAQ:BKR - Free Report) by 44.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 505,472 shares of the company's stock after acquiring an additional 156,014 shares during the quarter. Achmea Investment Management B.V. owned 0.05% of Baker Hughes worth $22,215,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in BKR. Norges Bank acquired a new position in Baker Hughes during the fourth quarter worth $829,092,000. Raymond James Financial Inc. purchased a new stake in Baker Hughes during the fourth quarter worth about $291,289,000. Neuberger Berman Group LLC lifted its position in shares of Baker Hughes by 2,527.6% during the fourth quarter. Neuberger Berman Group LLC now owns 3,319,418 shares of the company's stock worth $136,158,000 after purchasing an additional 3,193,089 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Baker Hughes in the fourth quarter valued at approximately $128,542,000. Finally, FMR LLC grew its holdings in shares of Baker Hughes by 12.5% in the fourth quarter. FMR LLC now owns 15,702,057 shares of the company's stock valued at $644,098,000 after purchasing an additional 1,744,225 shares in the last quarter. Hedge funds and other institutional investors own 92.06% of the company's stock.

Baker Hughes Price Performance

Shares of NASDAQ BKR opened at $38.32 on Friday. The company has a market cap of $37.97 billion, a PE ratio of 13.08, a P/E/G ratio of 3.99 and a beta of 0.91. The stock has a fifty day moving average price of $37.49 and a 200 day moving average price of $41.12. 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 Company has a 1-year low of $32.25 and a 1-year high of $49.40.

Baker Hughes (NASDAQ:BKR - Get Free Report) last announced 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 10.51% and a return on equity of 14.70%. The firm had revenue of $6.43 billion during the quarter, compared to the consensus estimate of $6.54 billion. Sell-side analysts forecast that Baker Hughes Company will post 2.59 EPS for the current year.

Baker Hughes Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Tuesday, May 6th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend was Tuesday, May 6th. Baker Hughes's dividend payout ratio (DPR) is currently 31.40%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on BKR shares. Evercore ISI reduced their target price on shares of Baker Hughes from $52.00 to $50.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Stifel Nicolaus set a $50.00 price objective on Baker Hughes and gave the stock a "buy" rating in a research report on Thursday, April 24th. TD Cowen decreased their price objective on Baker Hughes from $50.00 to $49.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Barclays reduced their target price on shares of Baker Hughes from $54.00 to $48.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Finally, Piper Sandler reduced their price objective on shares of Baker Hughes from $53.00 to $50.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Two research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, Baker Hughes presently has an average 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.

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