Jefferies Financial Group Inc. lowered its stake in shares of Baker Hughes (NASDAQ:BKR - Free Report) by 23.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 127,558 shares of the company's stock after selling 38,982 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Baker Hughes were worth $5,232,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in BKR. Principal Financial Group Inc. increased its holdings in Baker Hughes by 4.2% during the third quarter. Principal Financial Group Inc. now owns 1,177,877 shares of the company's stock worth $42,580,000 after buying an additional 47,727 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Baker Hughes by 1.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 40,525 shares of the company's stock worth $1,662,000 after buying an additional 475 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in Baker Hughes by 2.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 22,200 shares of the company's stock worth $911,000 after buying an additional 545 shares during the last quarter. Czech National Bank increased its holdings in Baker Hughes by 6.0% during the fourth quarter. Czech National Bank now owns 214,549 shares of the company's stock worth $8,801,000 after buying an additional 12,178 shares during the last quarter. Finally, City Center Advisors LLC increased its holdings in Baker Hughes by 53.3% during the fourth quarter. City Center Advisors LLC now owns 11,484 shares of the company's stock worth $471,000 after buying an additional 3,994 shares during the last quarter. Hedge funds and other institutional investors own 92.06% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on BKR shares. The Goldman Sachs Group raised their price objective on shares of Baker Hughes from $51.00 to $52.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Evercore ISI decreased their price objective on shares of Baker Hughes from $52.00 to $50.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. JPMorgan Chase & Co. lifted their target price on shares of Baker Hughes from $50.00 to $52.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Stifel Nicolaus set a $50.00 target price on shares of Baker Hughes and gave the stock a "buy" rating in a research note on Thursday, April 24th. Finally, TD Securities reduced their target price 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 equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company's 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.
Check Out Our Latest Stock Analysis on Baker Hughes
Baker Hughes Price Performance
NASDAQ:BKR traded down $0.11 during mid-day trading on Thursday, hitting $37.73. 6,493,426 shares of the stock traded hands, compared to its average volume of 7,059,067. The business's 50-day moving average price is $39.45 and its 200 day moving average price is $42.01. The company has a market cap of $37.38 billion, a PE ratio of 12.66, a price-to-earnings-growth ratio of 2.00 and a beta of 0.96. Baker Hughes has a 12-month low of $30.93 and a 12-month 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.
Baker Hughes (NASDAQ:BKR - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.48 by $0.03. Baker Hughes had a net margin of 10.70% and a return on equity of 14.58%. The company had revenue of $6.43 billion during the quarter, compared to analysts' expectations of $6.54 billion. On average, analysts expect that Baker Hughes will post 2.59 EPS for the current fiscal year.
Baker Hughes Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Tuesday, May 6th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, May 6th. This represents a $0.92 annualized dividend and a yield of 2.44%. Baker Hughes's payout ratio is presently 31.40%.
Baker Hughes Company Profile
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Free Report)
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.
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