Mufg Securities Americas Inc. Acquires New Stake in Baker Hughes (NASDAQ:BKR)

Mufg Securities Americas Inc. bought a new stake in Baker Hughes (NASDAQ:BKR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,607 shares of the company's stock, valued at approximately $599,000.

Several other institutional investors have also recently added to or reduced their stakes in BKR. JFS Wealth Advisors LLC grew its holdings in shares of Baker Hughes by 135.9% during 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 in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Baker Hughes during the fourth quarter valued at approximately $30,000. Larson Financial Group LLC increased its holdings in shares of Baker Hughes by 41.2% in the 4th quarter. Larson Financial Group LLC now owns 740 shares of the company's stock worth $30,000 after acquiring an additional 216 shares during the period. Kestra Investment Management LLC bought a new position in Baker Hughes in the 4th quarter valued at about $45,000. Finally, OFI Invest Asset Management bought a new stake in shares of Baker Hughes during the 4th quarter worth $47,000. Hedge funds and other institutional investors own 92.06% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on BKR shares. Benchmark restated a "buy" rating and issued a $57.00 target price on shares of Baker Hughes in a research report on Tuesday, February 11th. The Goldman Sachs Group lifted their price target on shares of Baker Hughes from $51.00 to $52.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Wells Fargo & Company boosted their target price on shares of Baker Hughes from $49.00 to $54.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. JPMorgan Chase & Co. lifted their target price on Baker Hughes from $50.00 to $52.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Finally, Evercore ISI cut their price target on shares of Baker Hughes from $52.00 to $50.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Two equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $49.11.

Baker Hughes Stock Performance

Shares of BKR traded up $0.12 during mid-day trading on Monday, reaching $37.91. 5,295,934 shares of the company's stock were exchanged, compared to its average volume of 7,041,174. 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 has a 52-week low of $30.93 and a 52-week high of $49.40. The stock has a market capitalization of $37.56 billion, a PE ratio of 12.72, a price-to-earnings-growth ratio of 2.00 and a beta of 0.96. The business's fifty day simple moving average is $39.30 and its 200-day simple moving average is $42.08.

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

Baker Hughes Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders 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 dividend payout ratio (DPR) is presently 31.40%.

Baker Hughes 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.