Tidal Investments LLC Has $3.43 Million Stock Holdings in Baker Hughes (NASDAQ:BKR)

Tidal Investments LLC cut its stake in Baker Hughes (NASDAQ:BKR - Free Report) by 11.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 83,696 shares of the company's stock after selling 10,671 shares during the quarter. Tidal Investments LLC's holdings in Baker Hughes were worth $3,433,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of BKR. Wealthcare Advisory Partners LLC bought a new stake in shares of Baker Hughes in the fourth quarter valued at about $267,000. Merit Financial Group LLC acquired a new stake in shares of Baker Hughes during the fourth quarter worth about $421,000. Aaron Wealth Advisors LLC acquired a new stake in shares of Baker Hughes during the fourth quarter worth about $211,000. Diversify Advisory Services LLC acquired a new stake in shares of Baker Hughes during the fourth quarter worth about $294,000. Finally, Ballentine Partners LLC lifted its holdings in shares of Baker Hughes by 3.6% during the fourth quarter. Ballentine Partners LLC now owns 22,350 shares of the company's stock worth $917,000 after purchasing an additional 782 shares during the period. 92.06% of the stock is currently owned by institutional investors.

Baker Hughes Stock Performance

Shares of BKR traded up $0.15 during mid-day trading on Friday, hitting $36.74. The stock had a trading volume of 4,631,992 shares, compared to its average volume of 7,083,379. The company has a market cap of $36.40 billion, a PE ratio of 12.33, a PEG ratio of 2.00 and a beta of 0.96. The company's fifty day simple moving average is $38.72 and its two-hundred day simple moving average is $41.98. The company has a quick ratio of 0.94, a current ratio of 1.32 and a debt-to-equity ratio of 0.35. Baker Hughes has a fifty-two week low of $30.93 and a fifty-two week high of $49.40.

Baker Hughes (NASDAQ:BKR - Get Free Report) last released its quarterly earnings data 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 14.58% and a net margin of 10.70%. The business had revenue of $6.43 billion during the quarter, compared to analyst estimates of $6.54 billion. On average, equities analysts expect that Baker Hughes will post 2.59 earnings per share for the current year.

Baker Hughes Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Tuesday, May 6th were given a dividend of $0.23 per share. The ex-dividend date was Tuesday, May 6th. This represents a $0.92 dividend on an annualized basis and a yield of 2.50%. Baker Hughes's dividend payout ratio (DPR) is presently 31.40%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on BKR shares. Barclays reduced their target price 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. Wells Fargo & Company boosted their price target on Baker Hughes from $49.00 to $54.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. TD Cowen dropped their price target on Baker Hughes from $50.00 to $49.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. JPMorgan Chase & Co. upped their target price on Baker Hughes from $50.00 to $52.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Finally, Royal Bank of Canada cut their price objective on Baker Hughes from $50.00 to $46.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Two analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.