Mizuho Securities USA LLC Has $3.85 Million Stock Holdings in Baker Hughes (NASDAQ:BKR)

Mizuho Securities USA LLC lifted its stake in Baker Hughes (NASDAQ:BKR - Free Report) by 45.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 93,785 shares of the company's stock after acquiring an additional 29,367 shares during the quarter. Mizuho Securities USA LLC's holdings in Baker Hughes were worth $3,847,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. JFS Wealth Advisors LLC grew its position in shares of Baker Hughes by 135.9% in the 4th quarter. JFS Wealth Advisors LLC now owns 670 shares of the company's stock valued at $27,000 after acquiring an additional 386 shares during the period. SBI Securities Co. Ltd. bought a new position in Baker Hughes during the fourth quarter worth about $30,000. Larson Financial Group LLC increased its position in Baker Hughes by 41.2% during 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 during the last quarter. True Wealth Design LLC raised its stake in Baker Hughes by 2,181.6% in the third quarter. True Wealth Design LLC now owns 867 shares of the company's stock valued at $31,000 after buying an additional 829 shares during the period. Finally, Groupama Asset Managment lifted its position in shares of Baker Hughes by 1,045.1% in the third quarter. Groupama Asset Managment now owns 889,378 shares of the company's stock valued at $32,000 after buying an additional 811,711 shares during the last quarter. 92.06% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Maria C. Borras sold 8,000 shares of the firm's stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $44.77, for a total value of $358,160.00. Following the sale, the executive vice president now directly owns 173,302 shares of the company's stock, valued at $7,758,730.54. This trade represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.25% of the company's stock.

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Wall Street Analyst Weigh In

A number of research analysts recently weighed in on BKR shares. Stifel Nicolaus boosted their target price on Baker Hughes from $48.00 to $54.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Piper Sandler increased their price objective on shares of Baker Hughes from $53.00 to $55.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Jefferies Financial Group lifted their target price on shares of Baker Hughes from $48.00 to $50.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. Benchmark reissued a "buy" rating and issued a $57.00 price target on shares of Baker Hughes in a report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. boosted their price objective on Baker Hughes from $50.00 to $52.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Two analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, Baker Hughes presently has an average rating of "Moderate Buy" and an average target price of $51.06.

Baker Hughes Price Performance

BKR traded up $0.42 on Tuesday, hitting $45.02. 4,421,526 shares of the stock were exchanged, compared to its average volume of 6,286,726. The firm has a market capitalization of $44.57 billion, a price-to-earnings ratio of 15.11, a PEG ratio of 2.00 and a beta of 1.30. 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 12 month low of $30.93 and a 12 month high of $49.40. The business has a 50-day moving average of $44.96 and a two-hundred day moving average of $41.50.

Baker Hughes (NASDAQ:BKR - Get Free Report) last issued its earnings results on Thursday, January 30th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.63 by $0.07. Baker Hughes had a net margin of 10.70% and a return on equity of 14.58%. Sell-side analysts forecast that Baker Hughes will post 2.59 EPS for the current fiscal year.

Baker Hughes Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Tuesday, February 11th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend was Tuesday, February 11th. This is an increase from Baker Hughes's previous quarterly dividend of $0.21. Baker Hughes's dividend payout ratio (DPR) is currently 30.87%.

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.