Baker Hughes (NASDAQ:BKR) Shares Bought by Benjamin Edwards Inc.

Benjamin Edwards Inc. grew its stake in Baker Hughes (NASDAQ:BKR) by 471.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,753 shares of the company’s stock after buying an additional 36,916 shares during the period. Benjamin Edwards Inc.’s holdings in Baker Hughes were worth $1,836,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Wilmington Savings Fund Society FSB purchased a new stake in Baker Hughes in the third quarter valued at approximately $139,000. Principal Financial Group Inc. raised its position in Baker Hughes by 4.2% in the 3rd quarter. Principal Financial Group Inc. now owns 1,177,877 shares of the company’s stock valued at $42,580,000 after purchasing an additional 47,727 shares during the last quarter. Nordea Investment Management AB boosted its stake in Baker Hughes by 4.8% during the 4th quarter. Nordea Investment Management AB now owns 1,810,915 shares of the company’s stock worth $74,592,000 after purchasing an additional 83,266 shares during the period. First Hawaiian Bank increased its stake in Baker Hughes by 7.9% in the fourth quarter. First Hawaiian Bank now owns 94,163 shares of the company’s stock valued at $3,863,000 after purchasing an additional 6,891 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Baker Hughes by 1.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 40,525 shares of the company’s stock valued at $1,662,000 after buying an additional 475 shares during the last quarter. 92.06% of the stock is owned by hedge funds and other institutional investors.

Baker Hughes Trading Down 0.2 %

NASDAQ:BKR opened at $36.32 on Thursday. The company has a market capitalization of $35.98 billion, a PE ratio of 12.19, a price-to-earnings-growth ratio of 2.00 and a beta of 0.96. Baker Hughes has a 52-week low of $30.93 and a 52-week high of $49.40. The stock has a fifty day simple moving average of $40.00 and a 200-day simple moving average of $41.99. 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) last announced its 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 company 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%. On average, equities research analysts expect that Baker Hughes will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Tuesday, May 6th will be issued a $0.23 dividend. The ex-dividend date is Tuesday, May 6th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.53%. Baker Hughes’s dividend payout ratio (DPR) is 31.40%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. TD Cowen lowered their price target on Baker Hughes from $50.00 to $49.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. Royal Bank of Canada lowered their target price on Baker Hughes from $50.00 to $46.00 and set an “outperform” rating on the stock in a research note on Thursday, April 24th. The Goldman Sachs Group upped their price target on Baker Hughes from $51.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Wells Fargo & Company boosted their price objective on shares of Baker Hughes from $49.00 to $54.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Finally, Evercore ISI reduced their target price on shares of Baker Hughes from $52.00 to $50.00 and set an “outperform” rating for the company 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.