MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $29.73 Million Position in Baker Hughes (NASDAQ:BKR)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed its stake in shares of Baker Hughes (NASDAQ:BKR - Free Report) by 4.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 724,751 shares of the company's stock after selling 34,037 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.07% of Baker Hughes worth $29,729,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. JFS Wealth Advisors LLC boosted its holdings in Baker Hughes by 135.9% during the fourth quarter. JFS Wealth Advisors LLC now owns 670 shares of the company's stock valued at $27,000 after purchasing an additional 386 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Baker Hughes in the fourth quarter valued at approximately $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 valued at $30,000 after acquiring an additional 216 shares during the last quarter. Kestra Investment Management LLC bought a new position in shares of Baker Hughes in the fourth quarter valued at approximately $45,000. Finally, OFI Invest Asset Management bought a new position in shares of Baker Hughes in the fourth quarter valued at approximately $47,000. 92.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group lifted their target price on shares of Baker Hughes from $51.00 to $52.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Piper Sandler cut their target price on shares of Baker Hughes from $53.00 to $50.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. TD Securities cut 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. Benchmark reiterated a "buy" rating and issued a $57.00 target price on shares of Baker Hughes in a research note on Tuesday, February 11th. Finally, Susquehanna dropped their price objective on shares of Baker Hughes from $48.00 to $46.00 and set a "positive" rating for the company in a research report on Thursday, April 24th. Two analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $49.11.

Baker Hughes Trading Up 0.2%

Shares of Baker Hughes stock traded up $0.06 on Friday, hitting $37.79. 6,155,847 shares of the company's stock traded hands, compared to its average volume of 7,043,811. The firm's 50-day moving average price is $39.30 and its two-hundred day moving average price is $42.02. The stock has a market capitalization of $37.44 billion, a PE ratio of 12.68, a price-to-earnings-growth ratio of 2.00 and a beta of 0.96. Baker Hughes has a one year low of $30.93 and a one year high of $49.40. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.32 and a quick ratio of 0.94.

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

Baker Hughes Announces Dividend

The firm 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 annualized dividend and a dividend yield of 2.43%. The ex-dividend date was Tuesday, May 6th. Baker Hughes's payout ratio 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.