MML Investors Services LLC Acquires 26,395 Shares of Baker Hughes (NASDAQ:BKR)

MML Investors Services LLC raised its position in Baker Hughes (NASDAQ:BKR - Free Report) by 152.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,735 shares of the company's stock after purchasing an additional 26,395 shares during the quarter. MML Investors Services LLC's holdings in Baker Hughes were worth $1,794,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in BKR. Morse Asset Management Inc bought a new stake in shares of Baker Hughes during the 3rd quarter worth $1,263,000. Wilmington Savings Fund Society FSB purchased a new stake in Baker Hughes during the third quarter valued at about $139,000. Birmingham Capital Management Co. Inc. AL boosted its holdings in shares of Baker Hughes by 18.5% in the third quarter. Birmingham Capital Management Co. Inc. AL now owns 16,000 shares of the company's stock worth $578,000 after buying an additional 2,500 shares during the period. Principal Financial Group Inc. increased its position in shares of Baker Hughes by 4.2% in the third quarter. Principal Financial Group Inc. now owns 1,177,877 shares of the company's stock worth $42,580,000 after acquiring an additional 47,727 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Baker Hughes by 41.1% during the fourth quarter. GAMMA Investing LLC now owns 10,286 shares of the company's stock valued at $422,000 after acquiring an additional 2,998 shares during the period. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Baker Hughes Price Performance

BKR stock traded up $0.91 during midday trading on Friday, reaching $37.10. 7,292,433 shares of the stock were exchanged, compared to its average volume of 6,936,974. The company has a fifty day moving average price of $40.58 and a 200 day moving average price of $41.99. The stock has a market capitalization of $36.73 billion, a PE ratio of 12.45, a P/E/G ratio of 2.00 and a beta of 1.08. Baker Hughes has a 52 week low of $30.93 and a 52 week 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 quarterly 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 net margin of 10.70% and a return on equity of 14.58%. The company had revenue of $6.43 billion for the quarter, compared to analyst estimates of $6.54 billion. As a group, analysts expect that Baker Hughes will post 2.59 EPS for the current fiscal year.

Baker Hughes Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Tuesday, May 6th will be issued a dividend of $0.23 per share. The ex-dividend date is Tuesday, May 6th. This represents a $0.92 annualized dividend and a yield of 2.48%. Baker Hughes's payout ratio is 31.40%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BKR. JPMorgan Chase & Co. increased their price objective on Baker Hughes from $50.00 to $52.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. TD Cowen dropped their price objective on Baker Hughes from $50.00 to $49.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Barclays decreased their target price on shares of Baker Hughes from $54.00 to $48.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Citigroup cut their price target on shares of Baker Hughes from $54.00 to $53.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Finally, Jefferies Financial Group increased their target price on shares of Baker Hughes from $48.00 to $50.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. Two investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target 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.