Quantinno Capital Management LP Grows Stake in Baker Hughes (NASDAQ:BKR)

Quantinno Capital Management LP raised its stake in shares of Baker Hughes (NASDAQ:BKR - Free Report) by 16.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 175,762 shares of the company's stock after purchasing an additional 25,194 shares during the period. Quantinno Capital Management LP's holdings in Baker Hughes were worth $7,210,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in BKR. Strategic Financial Concepts LLC purchased a new stake in shares of Baker Hughes during the 4th quarter valued at about $640,000. Geode Capital Management LLC raised its position in Baker Hughes by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 24,543,925 shares of the company's stock valued at $1,004,212,000 after purchasing an additional 465,832 shares during the period. Artemis Investment Management LLP lifted its stake in shares of Baker Hughes by 29.4% in the 4th quarter. Artemis Investment Management LLP now owns 1,053,947 shares of the company's stock valued at $43,233,000 after purchasing an additional 239,773 shares during the last quarter. Valicenti Advisory Services Inc. purchased a new position in shares of Baker Hughes in the 4th quarter worth approximately $3,308,000. Finally, Occidental Asset Management LLC boosted its holdings in shares of Baker Hughes by 32.6% in the 4th quarter. Occidental Asset Management LLC now owns 84,116 shares of the company's stock worth $3,450,000 after purchasing an additional 20,683 shares during the period. Hedge funds and other institutional investors own 92.06% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Susquehanna lowered their price target on Baker Hughes from $48.00 to $46.00 and set a "positive" rating for the company in a research report on Thursday, April 24th. 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 note on Tuesday, April 8th. Piper Sandler reduced their price objective on shares of Baker Hughes from $53.00 to $50.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Benchmark reissued a "buy" rating and issued a $57.00 price objective on shares of Baker Hughes in a research note on Tuesday, February 11th. Finally, TD Securities cut their target price on Baker Hughes from $50.00 to $49.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Two research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, Baker Hughes presently has a consensus rating of "Moderate Buy" and an average price target of $49.11.

Baker Hughes Stock Down 1.5%

Shares of BKR traded down $0.57 during mid-day trading on Tuesday, hitting $37.34. 7,101,949 shares of the company traded hands, compared to its average volume of 7,045,094. The business has a 50 day moving average of $39.21 and a 200 day moving average of $42.08. The company has a quick ratio of 0.94, a current ratio of 1.32 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $36.99 billion, a PE ratio of 12.53, a price-to-earnings-growth ratio of 2.00 and a beta of 0.96. Baker Hughes has a 1-year low of $30.93 and a 1-year high of $49.40.

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

Baker Hughes Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Tuesday, May 6th were paid a dividend of $0.23 per share. The ex-dividend date was Tuesday, May 6th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.46%. Baker Hughes's payout ratio is 31.40%.

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.