USS Investment Management Ltd Takes $1.45 Million Position in Baker Hughes (NASDAQ:BKR)

USS Investment Management Ltd acquired a new position in Baker Hughes (NASDAQ:BKR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 35,315 shares of the company's stock, valued at approximately $1,449,000.

Other large investors also recently modified their holdings of the company. JFS Wealth Advisors LLC grew its holdings in shares of Baker Hughes by 135.9% in the fourth quarter. JFS Wealth Advisors LLC now owns 670 shares of the company's stock worth $27,000 after acquiring an additional 386 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Baker Hughes in the fourth quarter worth $30,000. Larson Financial Group LLC lifted its position in Baker Hughes by 41.2% during the fourth quarter. Larson Financial Group LLC now owns 740 shares of the company's stock valued at $30,000 after purchasing an additional 216 shares in the last quarter. Kestra Investment Management LLC purchased a new position in Baker Hughes during the fourth quarter valued at $45,000. Finally, OFI Invest Asset Management purchased a new position in Baker Hughes during the fourth quarter valued at $47,000. Institutional investors own 92.06% of the company's stock.

Baker Hughes Price Performance

Shares of NASDAQ:BKR traded up $0.49 during mid-day trading on Tuesday, reaching $37.23. The stock had a trading volume of 6,790,165 shares, compared to its average volume of 7,082,206. 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 $36.89 billion, a P/E ratio of 12.49, a price-to-earnings-growth ratio of 2.00 and a beta of 0.96. 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 price is $38.56 and its 200 day moving average price is $41.93.

Baker Hughes (NASDAQ:BKR - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The company reported $0.51 EPS for the quarter, topping 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 company had revenue of $6.43 billion for the quarter, compared to the consensus estimate of $6.54 billion. Research analysts expect 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 paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, May 6th. This represents a $0.92 annualized dividend and a yield of 2.47%. Baker Hughes's payout ratio is currently 31.40%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on BKR shares. Morgan Stanley lowered their target price on Baker Hughes from $55.00 to $45.00 and set an "overweight" rating on the stock in a research report on Friday, May 16th. Citigroup lowered their target price 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. Royal Bank of Canada lowered their target price on Baker Hughes from $50.00 to $46.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Stifel Nicolaus set a $50.00 target price on Baker Hughes and gave the company a "buy" rating in a research report on Thursday, April 24th. Finally, Evercore ISI lowered their target price on Baker Hughes from $52.00 to $50.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Two equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $49.11.

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.