17,643 Shares in Baker Hughes Company (NASDAQ:BKR) Bought by MQS Management LLC

MQS Management LLC acquired a new stake in Baker Hughes Company (NASDAQ:BKR - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 17,643 shares of the company's stock, valued at approximately $775,000.

Several other institutional investors have also modified their holdings of BKR. Proficio Capital Partners LLC bought a new stake in shares of Baker Hughes in the 4th quarter valued at approximately $4,410,000. Independent Advisor Alliance bought a new stake in shares of Baker Hughes in the 4th quarter valued at approximately $238,000. HighTower Advisors LLC lifted its stake in shares of Baker Hughes by 13.1% in the 4th quarter. HighTower Advisors LLC now owns 661,180 shares of the company's stock valued at $27,122,000 after purchasing an additional 76,470 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Baker Hughes by 12.3% in the 4th quarter. Farther Finance Advisors LLC now owns 4,012 shares of the company's stock valued at $165,000 after purchasing an additional 438 shares during the last quarter. Finally, Great Lakes Advisors LLC lifted its stake in shares of Baker Hughes by 44.6% in the 4th quarter. Great Lakes Advisors LLC now owns 96,104 shares of the company's stock valued at $3,942,000 after purchasing an additional 29,627 shares during the last quarter. 92.06% of the stock is owned by institutional investors.

Baker Hughes Stock Up 2.5%

Shares of NASDAQ:BKR traded up $0.99 on Friday, reaching $40.70. The company had a trading volume of 5,832,208 shares, compared to its average volume of 7,203,105. Baker Hughes Company has a 52-week low of $32.25 and a 52-week high of $49.40. The firm's 50 day simple moving average is $38.06 and its 200-day simple moving average is $40.99. The firm has a market capitalization of $40.32 billion, a PE ratio of 13.89, a PEG ratio of 5.08 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 (NASDAQ:BKR - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.03. Baker Hughes had a return on equity of 14.70% and a net margin of 10.51%. The business had revenue of $6.43 billion for the quarter, compared to the consensus estimate of $6.54 billion. As a group, analysts expect that Baker Hughes Company will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Tuesday, May 6th were issued a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, May 6th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.26%. Baker Hughes's dividend payout ratio is presently 31.40%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BKR. Stifel Nicolaus set a $50.00 price target on Baker Hughes and gave the stock a "buy" rating in a research note on Thursday, April 24th. TD Cowen decreased their price target 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. 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 research note on Thursday, April 24th. Barclays decreased their price target on Baker Hughes from $54.00 to $48.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Finally, The Goldman Sachs Group decreased their price target on Baker Hughes from $42.00 to $41.00 and set a "buy" rating for the company in a research note on Wednesday, July 2nd. Two research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $48.50.

Baker Hughes 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.