Susquehanna Fundamental Investments LLC Acquires New Stake in Baker Hughes (NASDAQ:BKR)

Susquehanna Fundamental Investments LLC bought a new position in Baker Hughes (NASDAQ:BKR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 57,815 shares of the company's stock, valued at approximately $2,372,000.

A number of other hedge funds have also bought and sold shares of BKR. Norges Bank purchased a new stake in Baker Hughes during the fourth quarter valued at $829,092,000. Raymond James Financial Inc. purchased a new stake in shares of Baker Hughes during the 4th quarter valued at about $291,289,000. Neuberger Berman Group LLC boosted its holdings in shares of Baker Hughes by 2,527.6% in the fourth quarter. Neuberger Berman Group LLC now owns 3,319,418 shares of the company's stock worth $136,158,000 after buying an additional 3,193,089 shares during the last quarter. Congress Asset Management Co. bought a new stake in Baker Hughes during the fourth quarter valued at approximately $107,155,000. Finally, FMR LLC raised its position in Baker Hughes by 12.5% in the fourth quarter. FMR LLC now owns 15,702,057 shares of the company's stock worth $644,098,000 after acquiring an additional 1,744,225 shares during the period. Hedge funds and other institutional investors own 92.06% of the company's stock.

Baker Hughes Price Performance

Shares of Baker Hughes stock traded up $0.91 during trading hours on Friday, reaching $37.10. The company's stock had a trading volume of 7,292,433 shares, compared to its average volume of 6,936,974. 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 one year low of $30.93 and a one year high of $49.40. The firm has a 50 day moving average price of $40.44 and a 200-day moving average price of $42.00. The stock has a market cap of $36.73 billion, a P/E ratio of 12.45, a P/E/G ratio of 2.00 and a beta of 1.08.

Baker Hughes (NASDAQ:BKR - Get Free Report) last issued 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. The business had revenue of $6.43 billion for the quarter, compared to the consensus estimate of $6.54 billion. Baker Hughes had a return on equity of 14.58% and a net margin of 10.70%. On average, analysts predict that Baker Hughes will post 2.59 EPS for the current year.

Baker Hughes Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Tuesday, May 6th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend is Tuesday, May 6th. Baker Hughes's dividend payout ratio is currently 31.40%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Stifel Nicolaus set a $50.00 price objective on Baker Hughes and gave the stock a "buy" rating in a research note on Thursday, April 24th. Royal Bank of Canada reduced their price target on Baker Hughes from $50.00 to $46.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Benchmark reaffirmed a "buy" rating and set a $57.00 price objective on shares of Baker Hughes in a research report on Tuesday, February 11th. TD Securities reduced their target price on shares of Baker Hughes from $50.00 to $49.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Finally, Evercore ISI lowered their price target on shares of Baker Hughes from $52.00 to $50.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Two analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $49.11.

Baker Hughes 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.