Czech National Bank Has $8.80 Million Stake in Baker Hughes (NASDAQ:BKR)

Czech National Bank grew its stake in shares of Baker Hughes (NASDAQ:BKR - Free Report) by 6.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 214,549 shares of the company's stock after purchasing an additional 12,178 shares during the quarter. Czech National Bank's holdings in Baker Hughes were worth $8,801,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bridges Investment Management Inc. increased its holdings in Baker Hughes by 3.1% in the third quarter. Bridges Investment Management Inc. now owns 9,203 shares of the company's stock valued at $333,000 after buying an additional 273 shares during the last quarter. Graypoint LLC raised its position in shares of Baker Hughes by 3.0% during the 3rd quarter. Graypoint LLC now owns 10,288 shares of the company's stock valued at $372,000 after acquiring an additional 301 shares in the last quarter. First Trust Direct Indexing L.P. lifted its stake in Baker Hughes by 1.4% during the third quarter. First Trust Direct Indexing L.P. now owns 29,841 shares of the company's stock worth $1,079,000 after purchasing an additional 398 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in Baker Hughes by 4.6% in the third quarter. Hantz Financial Services Inc. now owns 9,027 shares of the company's stock worth $326,000 after purchasing an additional 401 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its stake in Baker Hughes by 1.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 40,525 shares of the company's stock valued at $1,662,000 after purchasing an additional 475 shares during the last quarter. Hedge funds and other institutional investors own 92.06% of the company's stock.

Analyst Upgrades and Downgrades

BKR has been the topic of several research reports. Stifel Nicolaus increased their price objective on shares of Baker Hughes from $45.00 to $48.00 and gave the stock a "buy" rating in a research note on Monday, November 25th. Barclays lifted their target price on Baker Hughes from $46.00 to $52.00 and gave the company an "overweight" rating in a research note on Wednesday, December 18th. Piper Sandler initiated coverage on Baker Hughes in a report on Thursday, December 19th. They set an "overweight" rating and a $53.00 price target on the stock. Morgan Stanley upped their price objective on shares of Baker Hughes from $42.00 to $45.00 and gave the stock an "overweight" rating in a report on Thursday, October 3rd. Finally, Royal Bank of Canada upped their price target on shares of Baker Hughes from $43.00 to $49.00 and gave the stock an "outperform" rating in a research note on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $47.18.

Baker Hughes Price Performance

Shares of BKR opened at $45.07 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.30 and a quick ratio of 0.88. The company has a market capitalization of $44.60 billion, a price-to-earnings ratio of 20.21, a P/E/G ratio of 0.72 and a beta of 1.39. The business's 50-day moving average is $42.54 and its 200-day moving average is $38.14. Baker Hughes has a fifty-two week low of $28.32 and a fifty-two week high of $45.30.

Baker Hughes (NASDAQ:BKR - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.06. The firm had revenue of $6.91 billion during the quarter, compared to analysts' expectations of $7.21 billion. Baker Hughes had a net margin of 8.20% and a return on equity of 13.77%. Baker Hughes's revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.42 earnings per share. Equities research analysts expect that Baker Hughes will post 2.29 EPS for the current fiscal year.

Baker Hughes Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 4th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.84 annualized dividend and a dividend yield of 1.86%. Baker Hughes's payout ratio is 37.67%.

About Baker Hughes

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.