Burney Co. Buys 105,349 Shares of Baker Hughes (NASDAQ:BKR)

Burney Co. lifted its stake in shares of Baker Hughes (NASDAQ:BKR - Free Report) by 315.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 138,788 shares of the company's stock after buying an additional 105,349 shares during the period. Burney Co.'s holdings in Baker Hughes were worth $5,693,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC lifted its position in shares of Baker Hughes by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 24,078,093 shares of the company's stock worth $867,514,000 after buying an additional 123,172 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in shares of Baker Hughes by 34.7% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 10,920,478 shares of the company's stock valued at $394,775,000 after acquiring an additional 2,811,940 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Baker Hughes by 7.4% during the second quarter. Dimensional Fund Advisors LP now owns 9,898,322 shares of the company's stock worth $348,074,000 after acquiring an additional 680,621 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Baker Hughes by 1.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,633,006 shares of the company's stock worth $348,233,000 after acquiring an additional 145,537 shares during the period. Finally, Legal & General Group Plc boosted its position in Baker Hughes by 8.6% in the second quarter. Legal & General Group Plc now owns 8,723,388 shares of the company's stock worth $306,801,000 after purchasing an additional 692,859 shares during the last quarter. Institutional investors own 92.06% of the company's stock.

Baker Hughes Stock Up 0.8 %

Shares of NASDAQ BKR opened at $45.45 on Wednesday. The business has a 50-day simple moving average of $42.54 and a two-hundred day simple moving average of $38.14. Baker Hughes has a 52 week low of $28.32 and a 52 week high of $45.65. The company has a market cap of $44.97 billion, a P/E ratio of 20.38, a P/E/G ratio of 0.72 and a beta of 1.39. The company has a quick ratio of 0.88, a current ratio of 1.30 and a debt-to-equity ratio of 0.37.

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

Baker Hughes Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 4th were issued a $0.21 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.84 annualized dividend and a dividend yield of 1.85%. Baker Hughes's payout ratio is currently 37.67%.

Wall Street Analyst Weigh In

BKR has been the topic of a number of recent analyst reports. Royal Bank of Canada lifted their target price on Baker Hughes from $43.00 to $49.00 and gave the stock an "outperform" rating in a research note on Thursday, December 12th. Wells Fargo & Company raised their price objective on shares of Baker Hughes from $42.00 to $49.00 and gave the stock an "overweight" rating in a report on Tuesday, December 17th. Stifel Nicolaus boosted their target price on shares of Baker Hughes from $45.00 to $48.00 and gave the company a "buy" rating in a research note on Monday, November 25th. Benchmark restated a "buy" rating and set a $42.00 price target on shares of Baker Hughes in a research note on Thursday, October 24th. Finally, Atb Cap Markets cut shares of Baker Hughes from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 10th. Three investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, Baker Hughes has an average rating of "Moderate Buy" and an average target price of $47.53.

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.

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