Tradewinds LLC. Makes New $5.45 Million Investment in Baker Hughes Company (NASDAQ:BKR)

Tradewinds LLC. bought a new stake in shares of Baker Hughes Company (NASDAQ:BKR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 124,018 shares of the company's stock, valued at approximately $5,451,000. Baker Hughes comprises about 1.5% of Tradewinds LLC.'s holdings, making the stock its 19th largest position.

Several other hedge funds also recently modified their holdings of the stock. Capital Research Global Investors boosted its position in shares of Baker Hughes by 0.6% during the fourth quarter. Capital Research Global Investors now owns 27,687,590 shares of the company's stock valued at $1,135,744,000 after buying an additional 177,232 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Baker Hughes by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 24,543,925 shares of the company's stock valued at $1,004,212,000 after buying an additional 465,832 shares during the last quarter. Norges Bank purchased a new position in shares of Baker Hughes during the fourth quarter valued at approximately $829,092,000. FMR LLC boosted its position in Baker Hughes by 12.5% in the fourth quarter. FMR LLC now owns 15,702,057 shares of the company's stock worth $644,098,000 after purchasing an additional 1,744,225 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Baker Hughes by 8.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,552,478 shares of the company's stock worth $473,880,000 after purchasing an additional 874,297 shares during the last quarter. Hedge funds and other institutional investors own 92.06% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. The Goldman Sachs Group cut their price objective on Baker Hughes from $42.00 to $41.00 and set a "buy" rating on the stock in a research report on Wednesday. Barclays cut their price objective 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. Stifel Nicolaus set a $50.00 price objective on Baker Hughes and gave the stock a "buy" rating in a research report on Thursday, April 24th. Citigroup dropped their price target on 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, TD Securities dropped their price target on Baker Hughes from $50.00 to $49.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Two analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, Baker Hughes presently has an average rating of "Moderate Buy" and an average price target of $48.50.

Baker Hughes Stock Performance

Shares of NASDAQ:BKR traded down $0.21 during midday trading on Friday, reaching $39.62. 3,607,099 shares of the company traded hands, compared to its average volume of 7,169,819. The company has a quick ratio of 0.93, a current ratio of 1.34 and a debt-to-equity ratio of 0.35. Baker Hughes Company has a 12 month low of $32.25 and a 12 month high of $49.40. The firm has a market capitalization of $39.25 billion, a price-to-earnings ratio of 13.52, a price-to-earnings-growth ratio of 4.27 and a beta of 0.91. The firm's fifty day moving average price is $37.70 and its two-hundred day moving average price is $41.01.

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 14.70% and a net margin of 10.51%. The company had revenue of $6.43 billion for the quarter, compared to analyst estimates of $6.54 billion. On average, equities analysts expect that Baker Hughes Company will post 2.59 earnings per share for the current year.

Baker Hughes Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Tuesday, May 6th were paid a $0.23 dividend. The ex-dividend date was Tuesday, May 6th. This represents a $0.92 dividend on an annualized basis and a yield of 2.32%. 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.