Baker Hughes (NASDAQ:BKR) Holdings Lowered by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its stake in shares of Baker Hughes (NASDAQ:BKR - Free Report) by 11.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,554,942 shares of the company's stock after selling 1,078,064 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.86% of Baker Hughes worth $350,924,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in BKR. Dynasty Wealth Management LLC boosted its position in Baker Hughes by 2.7% during the fourth quarter. Dynasty Wealth Management LLC now owns 7,904 shares of the company's stock worth $324,000 after acquiring an additional 207 shares during the last quarter. Larson Financial Group LLC increased its holdings 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 worth $30,000 after buying an additional 216 shares during the last quarter. Alpine Woods Capital Investors LLC raised its position in shares of Baker Hughes by 0.7% in the 4th quarter. Alpine Woods Capital Investors LLC now owns 40,467 shares of the company's stock worth $1,660,000 after buying an additional 267 shares during the period. Cromwell Holdings LLC grew its position in Baker Hughes by 9.3% during the fourth quarter. Cromwell Holdings LLC now owns 3,169 shares of the company's stock valued at $130,000 after acquiring an additional 269 shares during the period. Finally, Commerce Bank increased its stake in Baker Hughes by 1.0% during the fourth quarter. Commerce Bank now owns 31,075 shares of the company's stock worth $1,275,000 after acquiring an additional 300 shares during the last quarter. 92.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. TD Securities cut their price objective on Baker Hughes from $50.00 to $49.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Citigroup dropped their target price on shares of Baker Hughes from $54.00 to $53.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Stifel Nicolaus set a $50.00 price target on shares of Baker Hughes and gave the company a "buy" rating in a research report on Thursday, April 24th. TD Cowen decreased 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. Finally, Wells Fargo & Company raised their target price on shares of Baker Hughes from $49.00 to $54.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Two 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 has a consensus rating of "Moderate Buy" and an average price target of $49.11.

Baker Hughes Stock Down 0.1%

NASDAQ BKR traded down $0.03 during mid-day trading on Tuesday, reaching $36.72. 1,614,775 shares of the company's stock traded hands, compared to its average volume of 7,061,885. Baker Hughes has a 1-year low of $30.93 and a 1-year high of $49.40. The company has a fifty day simple moving average of $38.56 and a 200-day simple moving average of $41.93. The company has a current ratio of 1.32, a quick ratio of 0.94 and a debt-to-equity ratio of 0.35. The company has a market cap of $36.38 billion, a price-to-earnings ratio of 12.33, a P/E/G ratio of 2.00 and a beta of 0.96.

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

Baker Hughes Announces Dividend

The company also recently declared 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 2.51%. The ex-dividend date was Tuesday, May 6th. Baker Hughes's dividend payout ratio (DPR) is 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.