130,000 Shares in Baker Hughes Company (NASDAQ:BKR) Bought by Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group acquired 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 Form 13F filing with the SEC. The firm acquired 130,000 shares of the company's stock, valued at approximately $5,714,000. Baker Hughes makes up 3.1% of Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group's portfolio, making the stock its 8th biggest position.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. China Universal Asset Management Co. Ltd. grew its stake in Baker Hughes by 51.9% in the first quarter. China Universal Asset Management Co. Ltd. now owns 24,455 shares of the company's stock valued at $1,075,000 after acquiring an additional 8,351 shares during the period. Envestnet Asset Management Inc. boosted its position in Baker Hughes by 2.8% in the first quarter. Envestnet Asset Management Inc. now owns 621,468 shares of the company's stock worth $27,314,000 after purchasing an additional 17,035 shares during the last quarter. Geode Capital Management LLC grew its position in 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 period. Principal Financial Group Inc. increased its stake in shares of Baker Hughes by 7.2% during the 1st quarter. Principal Financial Group Inc. now owns 1,239,175 shares of the company's stock worth $54,462,000 after purchasing an additional 82,706 shares during the last quarter. Finally, Johnson Investment Counsel Inc. bought a new stake in shares of Baker Hughes in the first quarter valued at $360,000. 92.06% of the stock is currently owned by institutional investors.

Baker Hughes Stock Up 1.4%

NASDAQ BKR traded up $0.54 on Friday, reaching $39.72. 12,128,180 shares of the stock traded hands, compared to its average volume of 7,217,347. Baker Hughes Company has a 12 month low of $32.25 and a 12 month high of $49.40. The company has a market cap of $39.35 billion, a price-to-earnings ratio of 13.56, a PEG ratio of 4.90 and a beta of 0.91. The company has a fifty day moving average price of $38.28 and a 200-day moving average price of $40.94. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.93 and a current ratio of 1.34.

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 for the quarter, topping analysts' consensus estimates of $0.48 by $0.03. The company had revenue of $6.43 billion during the quarter, compared to analyst estimates of $6.54 billion. Baker Hughes had a net margin of 10.51% and a return on equity of 14.70%. As a group, research analysts forecast that Baker Hughes Company 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 issued a $0.23 dividend. The ex-dividend date of this dividend 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 presently 31.40%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BKR. Stifel Nicolaus dropped their target price on Baker Hughes from $50.00 to $49.00 and set a "buy" rating on the stock in a research report on Wednesday. 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 note on Thursday, April 24th. Citigroup decreased 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. Evercore ISI cut their price objective on shares of 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, TD Securities reduced 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. Two research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $48.44.

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.