Nissay Asset Management Corp Japan ADV Purchases 22,183 Shares of Baker Hughes (NASDAQ:BKR)

Nissay Asset Management Corp Japan ADV lifted its holdings in shares of Baker Hughes (NASDAQ:BKR - Free Report) by 6.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 372,304 shares of the company's stock after buying an additional 22,183 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in Baker Hughes were worth $15,190,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in BKR. JFS Wealth Advisors LLC raised 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 worth $27,000 after purchasing an additional 386 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in Baker Hughes during the fourth quarter worth about $30,000. Larson Financial Group LLC increased its holdings in 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 buying an additional 216 shares in the last quarter. Kestra Investment Management LLC purchased a new position in Baker Hughes in the fourth quarter valued at about $45,000. Finally, OFI Invest Asset Management purchased a new position in Baker Hughes in the fourth quarter valued at about $47,000. Institutional investors and hedge funds own 92.06% of the company's stock.

Baker Hughes Price Performance

Shares of BKR stock traded up $0.06 during mid-day trading on Friday, reaching $37.79. The company's stock had a trading volume of 6,155,847 shares, compared to its average volume of 7,048,185. Baker Hughes has a 1-year low of $30.93 and a 1-year high of $49.40. The company has a market cap of $37.44 billion, a P/E ratio of 12.68, a PEG ratio of 2.00 and a beta of 0.96. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 1.32. The firm's 50-day moving average is $39.30 and its two-hundred day moving average is $42.05.

Baker Hughes (NASDAQ:BKR - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The company reported $0.51 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts' expectations of $6.54 billion. On average, research analysts predict that Baker Hughes will post 2.59 earnings per share for the current year.

Baker Hughes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Tuesday, May 6th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date was Tuesday, May 6th. Baker Hughes's dividend payout ratio (DPR) is currently 31.40%.

Analyst Ratings Changes

A number of research analysts have issued reports on BKR shares. Susquehanna dropped their target price on shares of Baker Hughes from $48.00 to $46.00 and set a "positive" rating for the company in a report on Thursday, April 24th. Piper Sandler lowered 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. Citigroup dropped their price target on Baker Hughes from $54.00 to $53.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Evercore ISI cut their target price on shares of Baker Hughes from $52.00 to $50.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. raised their target price on shares of Baker Hughes from $50.00 to $52.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Two research 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, the company presently has a consensus 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.