GF Fund Management CO. LTD. bought a new stake in Baker Hughes (NASDAQ:BKR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 187,537 shares of the company's stock, valued at approximately $7,693,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dynasty Wealth Management LLC raised its position in shares of Baker Hughes by 2.7% in the fourth quarter. Dynasty Wealth Management LLC now owns 7,904 shares of the company's stock valued at $324,000 after buying an additional 207 shares in the last quarter. Larson Financial Group LLC lifted its stake 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 acquiring an additional 216 shares during the last quarter. Alpine Woods Capital Investors LLC lifted its stake in shares of Baker Hughes by 0.7% in the 4th quarter. Alpine Woods Capital Investors LLC now owns 40,467 shares of the company's stock valued at $1,660,000 after acquiring an additional 267 shares during the last quarter. Cromwell Holdings LLC increased its holdings in Baker Hughes by 9.3% in the fourth quarter. Cromwell Holdings LLC now owns 3,169 shares of the company's stock valued at $130,000 after purchasing an additional 269 shares during the period. Finally, Commerce Bank increased its holdings in Baker Hughes by 1.0% in the fourth quarter. Commerce Bank now owns 31,075 shares of the company's stock valued at $1,275,000 after purchasing an additional 300 shares during the period. 92.06% of the stock is owned by institutional investors and hedge funds.
Baker Hughes Price Performance
NASDAQ:BKR traded up $0.54 during trading hours on Thursday, hitting $37.22. The stock had a trading volume of 2,323,634 shares, compared to its average volume of 7,063,541. Baker Hughes has a one year low of $30.93 and a one year 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 $36.87 billion, a price-to-earnings ratio of 12.49, a P/E/G ratio of 2.00 and a beta of 0.96. The company has a 50 day simple moving average of $38.26 and a two-hundred day simple moving average of $41.86.
Baker Hughes (NASDAQ:BKR - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.48 by $0.03. The firm had revenue of $6.43 billion during the quarter, compared to the consensus estimate of $6.54 billion. Baker Hughes had a net margin of 10.70% and a return on equity of 14.58%. Research analysts forecast that Baker Hughes will post 2.59 earnings per share for the current fiscal year.
Baker Hughes Announces Dividend
The company also recently declared 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 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend was Tuesday, May 6th. Baker Hughes's payout ratio is 31.40%.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on BKR shares. Benchmark reiterated a "buy" rating and set a $57.00 price target on shares of Baker Hughes in a report on Tuesday, February 11th. TD Securities decreased their price target on Baker Hughes from $50.00 to $49.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Evercore ISI decreased their price target on Baker Hughes from $52.00 to $50.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Citigroup cut their price objective on shares of Baker Hughes from $54.00 to $53.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. raised their price target on shares of Baker Hughes from $50.00 to $52.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Two equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, Baker Hughes has an average rating of "Moderate Buy" and a consensus target price of $49.11.
Get Our Latest Analysis on Baker Hughes
About Baker Hughes
(
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.
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