Wealth Enhancement Advisory Services LLC Has $3.25 Million Stock Position in Baker Hughes Company (NASDAQ:BKR)

Wealth Enhancement Advisory Services LLC boosted its stake in shares of Baker Hughes Company (NASDAQ:BKR - Free Report) by 34.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 73,847 shares of the company's stock after purchasing an additional 19,048 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Baker Hughes were worth $3,246,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Geode Capital Management LLC increased its stake in shares of Baker Hughes by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 24,543,925 shares of the company's stock worth $1,004,212,000 after purchasing an additional 465,832 shares during the last quarter. Huntington National Bank grew its holdings in Baker Hughes by 16.0% during the fourth quarter. Huntington National Bank now owns 116,303 shares of the company's stock worth $4,771,000 after purchasing an additional 16,010 shares during the period. Kesler Norman & Wride LLC acquired a new position in Baker Hughes during the fourth quarter worth approximately $1,011,000. Charles Schwab Investment Management Inc. raised its stake in Baker Hughes by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,086,903 shares of the company's stock valued at $290,705,000 after buying an additional 135,200 shares during the period. Finally, Callan Family Office LLC bought a new stake in Baker Hughes in the fourth quarter valued at approximately $1,293,000. 92.06% of the stock is currently owned by institutional investors.

Baker Hughes Price Performance

NASDAQ BKR traded up $0.35 during midday trading on Tuesday, hitting $38.69. The company had a trading volume of 7,638,439 shares, compared to its average volume of 7,138,732. The firm has a 50-day moving average price of $37.49 and a 200-day moving average price of $41.04. The company has a market capitalization of $38.33 billion, a PE ratio of 13.20, a P/E/G ratio of 4.08 and a beta of 0.91. The company has a current ratio of 1.34, a quick ratio of 0.93 and a debt-to-equity ratio of 0.35. Baker Hughes Company has a twelve month low of $32.25 and a twelve month high of $49.40.

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

Baker Hughes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Tuesday, May 6th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.38%. The ex-dividend date was Tuesday, May 6th. Baker Hughes's payout ratio is presently 31.40%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BKR. Susquehanna decreased their target price on Baker Hughes from $48.00 to $46.00 and set a "positive" rating on the stock in a report on Thursday, April 24th. Evercore ISI decreased their price objective 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. TD Cowen dropped their price objective on shares of Baker Hughes from $50.00 to $49.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Stifel Nicolaus set a $50.00 target price on shares of Baker Hughes and gave the stock a "buy" rating in a report on Thursday, April 24th. Finally, Citigroup decreased their price target on shares of Baker Hughes from $54.00 to $53.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $49.11.

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.