Siemens Fonds Invest GmbH Buys 905 Shares of Baker Hughes (NASDAQ:BKR)

Siemens Fonds Invest GmbH raised its stake in Baker Hughes (NASDAQ:BKR) by 7.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,523 shares of the company’s stock after acquiring an additional 905 shares during the period. Siemens Fonds Invest GmbH’s holdings in Baker Hughes were worth $555,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of brokerages recently weighed in on BKR. Benchmark restated a “buy” rating and issued a $57.00 price objective on shares of Baker Hughes in a report on Tuesday, February 11th. The Goldman Sachs Group lifted their target price on Baker Hughes from $51.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Piper Sandler lowered their price target on Baker Hughes from $53.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Stifel Nicolaus set a $50.00 price objective on Baker Hughes and gave the company a “buy” rating in a research report on Thursday, April 24th. Finally, Susquehanna reduced their price objective on Baker Hughes from $48.00 to $46.00 and set a “positive” rating for the company in a report on Thursday, April 24th. Two investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $49.11.

Baker Hughes Price Performance

Shares of NASDAQ:BKR opened at $37.79 on Friday. 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 stock has a market capitalization of $37.44 billion, a PE ratio of 12.68, a price-to-earnings-growth ratio of 2.00 and a beta of 0.96. The firm’s 50 day moving average price is $39.30 and its 200-day moving average price is $42.05. Baker Hughes has a twelve month low of $30.93 and a twelve month high of $49.40.

Baker Hughes (NASDAQ:BKR) last announced its earnings results on Tuesday, April 22nd. The company reported $0.51 EPS for the quarter, beating 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 business had revenue of $6.43 billion during the quarter, compared to analysts’ expectations of $6.54 billion. Equities research analysts expect that Baker Hughes will post 2.59 EPS for the current year.

Baker Hughes Dividend Announcement

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