First Trust Advisors LP Buys 71,017 Shares of Baker Hughes (NASDAQ:BKR)

First Trust Advisors LP grew its stake in shares of Baker Hughes (NASDAQ:BKR - Free Report) by 6.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,151,579 shares of the company's stock after acquiring an additional 71,017 shares during the period. First Trust Advisors LP owned about 0.12% of Baker Hughes worth $47,238,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of BKR. Forum Financial Management LP increased its position in shares of Baker Hughes by 39.4% in the fourth quarter. Forum Financial Management LP now owns 17,017 shares of the company's stock worth $698,000 after acquiring an additional 4,813 shares in the last quarter. Commerce Bank raised its stake in Baker Hughes by 1.0% during the 4th quarter. Commerce Bank now owns 31,075 shares of the company's stock valued at $1,275,000 after purchasing an additional 300 shares during the period. Capital International Sarl lifted its holdings in shares of Baker Hughes by 45.4% in the fourth quarter. Capital International Sarl now owns 25,697 shares of the company's stock valued at $1,054,000 after purchasing an additional 8,024 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Baker Hughes by 280.5% in the fourth quarter. NewEdge Advisors LLC now owns 42,297 shares of the company's stock worth $1,735,000 after buying an additional 31,181 shares during the period. Finally, United Capital Financial Advisors LLC grew its holdings in shares of Baker Hughes by 4.2% during the fourth quarter. United Capital Financial Advisors LLC now owns 19,043 shares of the company's stock valued at $781,000 after buying an additional 772 shares in the last quarter. 92.06% of the stock is owned by institutional investors.

Baker Hughes Trading Up 0.2 %

BKR stock traded up $0.07 during trading on Friday, hitting $36.45. The company had a trading volume of 7,102,964 shares, compared to its average volume of 6,900,110. The firm has a 50-day moving average price of $41.39 and a 200-day moving average price of $42.07. Baker Hughes has a 12 month low of $30.93 and a 12 month high of $49.40. 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 cap of $36.09 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 2.00 and a beta of 1.08.

Baker Hughes (NASDAQ:BKR - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. The business had revenue of $6.43 billion for the quarter, compared to analyst estimates of $6.54 billion. Baker Hughes had a return on equity of 14.58% and a net margin of 10.70%. As a group, analysts predict that Baker Hughes will post 2.59 earnings per share for the current year.

Baker Hughes Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Tuesday, May 6th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date is Tuesday, May 6th. Baker Hughes's dividend payout ratio (DPR) is 31.40%.

Insider Activity at Baker Hughes

In related news, EVP Maria C. Borras sold 8,000 shares of Baker Hughes stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $44.77, for a total transaction of $358,160.00. Following the transaction, the executive vice president now owns 173,302 shares of the company's stock, valued at $7,758,730.54. This trade represents a 4.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.27% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Stifel Nicolaus set a $50.00 price objective on Baker Hughes and gave the company a "buy" rating in a research report on Thursday. JPMorgan Chase & Co. boosted their price target on Baker Hughes from $50.00 to $52.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Jefferies Financial Group raised their price objective on shares of Baker Hughes from $48.00 to $50.00 and gave the company a "buy" rating in a research report on Friday, January 3rd. Susquehanna decreased their target price on shares of Baker Hughes from $48.00 to $46.00 and set a "positive" rating for the company in a research report on Thursday. Finally, Benchmark restated a "buy" rating and set a $57.00 price target on shares of Baker Hughes in a research note on Tuesday, February 11th. Two analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $49.11.

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.