Baker Hughes (NASDAQ:BKR) Shares Purchased by Toronto Dominion Bank

Toronto Dominion Bank lifted its position in shares of Baker Hughes (NASDAQ:BKR - Free Report) by 6.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 559,539 shares of the company's stock after buying an additional 32,038 shares during the quarter. Toronto Dominion Bank owned approximately 0.06% of Baker Hughes worth $22,952,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. JFS Wealth Advisors LLC raised its holdings in Baker Hughes by 135.9% in the 4th quarter. JFS Wealth Advisors LLC now owns 670 shares of the company's stock valued at $27,000 after acquiring an additional 386 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Baker Hughes in the fourth quarter valued at $30,000. Larson Financial Group LLC increased its stake in shares of Baker Hughes by 41.2% during 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. Kestra Investment Management LLC acquired a new position in Baker Hughes during the fourth quarter worth approximately $45,000. Finally, OFI Invest Asset Management purchased a new position in Baker Hughes during the fourth quarter worth approximately $47,000. Institutional investors and hedge funds own 92.06% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BKR. Wells Fargo & Company upped their price objective on Baker Hughes from $49.00 to $54.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Royal Bank of Canada dropped their price target on Baker Hughes from $50.00 to $46.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. JPMorgan Chase & Co. raised their price objective on Baker Hughes from $50.00 to $52.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Benchmark reiterated a "buy" rating and set a $57.00 target price on shares of Baker Hughes in a report on Tuesday, February 11th. Finally, 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. Two equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $49.11.

Baker Hughes Stock Down 0.2%

BKR traded down $0.06 on Thursday, reaching $36.59. The company's stock had a trading volume of 9,174,837 shares, compared to its average volume of 7,063,991. Baker Hughes has a 1 year low of $30.93 and a 1 year high of $49.40. The business's 50 day moving average is $39.00 and its 200 day moving average is $42.01. 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 stock has a market cap of $36.25 billion, a price-to-earnings ratio of 12.28, a price-to-earnings-growth ratio of 2.00 and a beta of 0.96.

Baker Hughes (NASDAQ:BKR - Get Free Report) last released its earnings results on Tuesday, April 22nd. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.48 by $0.03. Baker Hughes had a return on equity of 14.58% and a net margin of 10.70%. The company had revenue of $6.43 billion during the quarter, compared to analysts' expectations of $6.54 billion. As a group, research analysts forecast that Baker Hughes will post 2.59 EPS for the current fiscal year.

Baker Hughes Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Tuesday, May 6th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend was Tuesday, May 6th. Baker Hughes's dividend payout ratio is currently 31.40%.

About Baker Hughes

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.