Schonfeld Strategic Advisors LLC Sells 12,260 Shares of Baker Hughes (NASDAQ:BKR)

Schonfeld Strategic Advisors LLC cut its holdings in Baker Hughes (NASDAQ:BKR - Free Report) by 43.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,773 shares of the company's stock after selling 12,260 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Baker Hughes were worth $647,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Dynasty Wealth Management LLC lifted its holdings in shares of Baker Hughes by 2.7% in the 4th quarter. Dynasty Wealth Management LLC now owns 7,904 shares of the company's stock valued at $324,000 after purchasing an additional 207 shares during the last quarter. Larson Financial Group LLC increased its holdings in Baker Hughes by 41.2% during the 4th quarter. Larson Financial Group LLC now owns 740 shares of the company's stock worth $30,000 after purchasing an additional 216 shares during the last quarter. Alpine Woods Capital Investors LLC grew its position in shares of Baker Hughes by 0.7% during the 4th quarter. Alpine Woods Capital Investors LLC now owns 40,467 shares of the company's stock valued at $1,660,000 after buying an additional 267 shares during the last quarter. Cromwell Holdings LLC raised its stake in Baker Hughes by 9.3% during the 4th quarter. Cromwell Holdings LLC now owns 3,169 shares of the company's stock valued at $130,000 after acquiring an additional 269 shares in the last quarter. Finally, 180 Wealth Advisors LLC boosted its position in shares of Baker Hughes by 1.3% during the 4th quarter. 180 Wealth Advisors LLC now owns 22,506 shares of the company's stock valued at $923,000 after purchasing an additional 295 shares in the last quarter. Hedge funds and other institutional investors own 92.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Stifel Nicolaus set a $50.00 target price on Baker Hughes and gave the company a "buy" rating in a research note on Thursday, April 24th. Citigroup reduced their price objective on shares of Baker Hughes from $54.00 to $53.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Piper Sandler decreased their price objective on Baker Hughes from $53.00 to $50.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. TD Securities decreased their price objective 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. Finally, Barclays reduced their price objective on Baker Hughes from $54.00 to $48.00 and set an "overweight" 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 issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $49.11.

Baker Hughes Stock Performance

Shares of NASDAQ:BKR traded down $0.26 during trading on Thursday, hitting $37.59. The stock had a trading volume of 2,202,414 shares, compared to its average volume of 7,042,378. The stock has a 50-day simple moving average of $39.45 and a two-hundred day simple moving average of $42.01. Baker Hughes has a 12-month low of $30.93 and a 12-month high of $49.40. The stock has a market capitalization of $37.24 billion, a price-to-earnings ratio of 12.60, a price-to-earnings-growth ratio of 2.00 and a beta of 0.96. The company has a quick ratio of 0.94, a current ratio of 1.32 and a debt-to-equity ratio of 0.35.

Baker Hughes (NASDAQ:BKR - Get Free Report) last released its quarterly earnings data 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 net margin of 10.70% and a return on equity of 14.58%. The company had revenue of $6.43 billion for the quarter, compared to analysts' expectations of $6.54 billion. On average, equities research analysts expect that Baker Hughes will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Tuesday, May 6th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, May 6th. This represents a $0.92 annualized dividend and a dividend yield of 2.45%. Baker Hughes's dividend payout ratio is currently 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.