Johnson Investment Counsel Inc. purchased a new position in shares of Baker Hughes Company (NASDAQ:BKR - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,191 shares of the company's stock, valued at approximately $360,000.
Other institutional investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new stake in Baker Hughes during the fourth quarter worth $30,000. Larson Financial Group LLC increased its holdings 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 period. Grove Bank & Trust raised its position in shares of Baker Hughes by 76.2% in the 1st quarter. Grove Bank & Trust now owns 740 shares of the company's stock worth $33,000 after acquiring an additional 320 shares in the last quarter. OFI Invest Asset Management purchased a new stake in shares of Baker Hughes during the 4th quarter worth $47,000. Finally, IFP Advisors Inc lifted its stake in shares of Baker Hughes by 78.7% during the 4th quarter. IFP Advisors Inc now owns 1,297 shares of the company's stock worth $53,000 after purchasing an additional 571 shares during the last quarter. Hedge funds and other institutional investors own 92.06% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have commented on BKR. 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. TD Securities reduced their price objective on shares of Baker Hughes from $50.00 to $49.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Piper Sandler decreased their target price on shares of Baker Hughes from $53.00 to $50.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Citigroup cut their price target on shares of Baker Hughes from $54.00 to $53.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Finally, Barclays reduced their price target on Baker Hughes from $54.00 to $48.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Two equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $49.11.
View Our Latest Stock Analysis on Baker Hughes
Baker Hughes Price Performance
NASDAQ:BKR opened at $39.00 on Monday. The firm's fifty day moving average is $37.52 and its two-hundred day moving average is $41.21. The firm has a market cap of $38.64 billion, a price-to-earnings ratio of 13.31, a PEG ratio of 4.15 and a beta of 0.91. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.93 and a current ratio of 1.34. Baker Hughes Company has a one year low of $32.25 and a one year high of $49.40.
Baker Hughes (NASDAQ:BKR - Get Free Report) last issued its 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 firm had revenue of $6.43 billion for the quarter, compared to the consensus estimate of $6.54 billion. Baker Hughes had a return on equity of 14.70% and a net margin of 10.51%. Research analysts expect that Baker Hughes Company will post 2.59 EPS for the current year.
Baker Hughes Announces Dividend
The company 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 2.36%. The ex-dividend date was Tuesday, May 6th. Baker Hughes's dividend payout ratio (DPR) is 31.40%.
Baker Hughes Company 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.
See Also
Want to see what other hedge funds are holding BKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Baker Hughes Company (NASDAQ:BKR - Free Report).
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