OMERS ADMINISTRATION Corp Grows Stock Holdings in Baker Hughes (NASDAQ:BKR)

OMERS ADMINISTRATION Corp lifted its stake in shares of Baker Hughes (NASDAQ:BKR - Free Report) by 20.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 42,009 shares of the company's stock after acquiring an additional 7,106 shares during the period. OMERS ADMINISTRATION Corp's holdings in Baker Hughes were worth $1,723,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. JFS Wealth Advisors LLC increased its position in shares of Baker Hughes by 135.9% during the 4th quarter. JFS Wealth Advisors LLC now owns 670 shares of the company's stock valued at $27,000 after purchasing an additional 386 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Baker Hughes during the fourth quarter valued at approximately $30,000. Larson Financial Group LLC raised its stake in shares of Baker Hughes by 41.2% during the fourth quarter. Larson Financial Group LLC now owns 740 shares of the company's stock worth $30,000 after acquiring an additional 216 shares in the last quarter. Kestra Investment Management LLC bought a new stake in shares of Baker Hughes in the 4th quarter worth approximately $45,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Baker Hughes in the 4th quarter valued at $47,000. 92.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BKR has been the topic of a number of analyst reports. Susquehanna decreased their target price on shares of Baker Hughes from $48.00 to $46.00 and set a "positive" rating on the stock in a research report on Thursday, April 24th. Citigroup lowered their target price 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. TD Cowen reduced their price target on Baker Hughes from $50.00 to $49.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Barclays lowered their price objective on Baker Hughes from $54.00 to $48.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Finally, Wells Fargo & Company increased their price objective on Baker Hughes from $49.00 to $54.00 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 assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $49.11.

Baker Hughes Trading Up 0.3%

Shares of NASDAQ BKR traded up $0.12 during midday trading on Monday, hitting $37.91. 5,295,934 shares of the company traded hands, compared to its average volume of 7,041,174. Baker Hughes has a 12-month low of $30.93 and a 12-month high of $49.40. The firm has a market cap of $37.56 billion, a P/E ratio of 12.72, a P/E/G ratio of 2.00 and a beta of 0.96. The stock has a 50-day moving average price of $39.30 and a 200 day moving average price of $42.08. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 1.32.

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

Baker Hughes Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Tuesday, May 6th were issued a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, May 6th. This represents a $0.92 dividend on an annualized basis and a yield of 2.43%. Baker Hughes's dividend payout ratio (DPR) 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.