Norinchukin Bank The Raises Holdings in Baker Hughes (NASDAQ:BKR)

Norinchukin Bank The boosted its stake in shares of Baker Hughes (NASDAQ:BKR - Free Report) by 18.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,799 shares of the company's stock after buying an additional 10,030 shares during the period. Norinchukin Bank The's holdings in Baker Hughes were worth $2,699,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at Baker Hughes

In related news, EVP Maria C. Borras sold 8,000 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $44.77, for a total value of $358,160.00. Following the transaction, the executive vice president now owns 173,302 shares of the company's stock, valued at $7,758,730.54. This represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.27% of the stock is owned by corporate insiders.

Baker Hughes Trading Down 1.3 %

Shares of Baker Hughes stock traded down $0.46 during trading on Friday, hitting $35.92. The stock had a trading volume of 2,830,535 shares, compared to its average volume of 6,897,261. 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 12 month low of $30.93 and a 12 month high of $49.40. The stock has a market cap of $35.57 billion, a PE ratio of 12.05, a PEG ratio of 2.00 and a beta of 1.08. The firm's fifty day simple moving average is $41.60 and its 200-day simple moving average is $42.05.

Baker Hughes (NASDAQ:BKR - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.03. The firm had revenue of $6.43 billion during the quarter, compared to analyst estimates of $6.54 billion. Baker Hughes had a return on equity of 14.58% and a net margin of 10.70%. As a group, sell-side analysts expect that Baker Hughes will post 2.59 EPS for the current fiscal year.

Baker Hughes Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Investors 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 dividend on an annualized basis and a yield of 2.56%. Baker Hughes's payout ratio is 31.40%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on BKR shares. The Goldman Sachs Group increased their price objective 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. Benchmark reaffirmed a "buy" rating and issued a $57.00 target price on shares of Baker Hughes in a report on Tuesday, February 11th. TD Cowen reduced their price target on Baker Hughes from $50.00 to $49.00 and set a "buy" rating for the company in a research report on Thursday. Susquehanna lowered their price objective on Baker Hughes from $48.00 to $46.00 and set a "positive" rating on the stock in a research report on Thursday. Finally, Citigroup dropped their price target on shares of Baker Hughes from $54.00 to $53.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $49.11.

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.