Vident Advisory LLC Purchases 259,168 Shares of Baker Hughes (NASDAQ:BKR)

Vident Advisory LLC raised its position in Baker Hughes (NASDAQ:BKR - Free Report) by 352.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 332,720 shares of the company's stock after acquiring an additional 259,168 shares during the quarter. Vident Advisory LLC's holdings in Baker Hughes were worth $13,648,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of BKR. JFS Wealth Advisors LLC raised its stake 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 buying an additional 386 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Baker Hughes in the fourth quarter worth about $30,000. Larson Financial Group LLC raised its stake in shares of Baker Hughes by 41.2% in the fourth 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 period. Kestra Investment Management LLC bought a new position in shares of Baker Hughes in the fourth quarter worth about $45,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Baker Hughes during the fourth quarter worth about $47,000. Institutional investors own 92.06% of the company's stock.

Baker Hughes Trading Down 0.2%

BKR traded down $0.06 during trading hours on Thursday, reaching $36.59. 9,174,837 shares of the company's stock traded hands, compared to its average volume of 7,073,375. The firm has a 50-day moving average price of $39.00 and a 200 day moving average price of $42.01. Baker Hughes has a 52-week low of $30.93 and a 52-week high of $49.40. The company has a quick ratio of 0.94, a current ratio of 1.32 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $36.25 billion, a PE ratio of 12.28, a PEG ratio of 2.00 and a beta of 0.96.

Baker Hughes (NASDAQ:BKR - Get Free Report) last posted 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 company had revenue of $6.43 billion during the quarter, compared to analysts' expectations of $6.54 billion. As a group, sell-side analysts predict that Baker Hughes will post 2.59 EPS for the current fiscal year.

Baker Hughes Announces Dividend

The company also recently announced 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. This represents a $0.92 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend was Tuesday, May 6th. Baker Hughes's dividend payout ratio (DPR) is presently 31.40%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on BKR shares. Piper Sandler cut their target price on Baker Hughes from $53.00 to $50.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. JPMorgan Chase & Co. increased their target price on Baker Hughes from $50.00 to $52.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Wells Fargo & Company increased their target price on Baker Hughes from $49.00 to $54.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Evercore ISI cut their target price on Baker Hughes from $52.00 to $50.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Finally, Barclays cut their price target on Baker Hughes from $54.00 to $48.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Two equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price 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.