Baker Hughes (NASDAQ:BKR) Shares Acquired by Capital International Sarl

Capital International Sarl raised its position in Baker Hughes (NASDAQ:BKR - Free Report) by 45.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 25,697 shares of the company's stock after acquiring an additional 8,024 shares during the period. Capital International Sarl's holdings in Baker Hughes were worth $1,054,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JFS Wealth Advisors LLC lifted its holdings in Baker Hughes by 135.9% in the fourth 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. purchased a new position in shares of Baker Hughes in the 4th quarter valued at about $30,000. Larson Financial Group LLC boosted its holdings 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 in the last quarter. Kestra Investment Management LLC acquired a new position in Baker Hughes during the fourth quarter worth about $45,000. Finally, OFI Invest Asset Management acquired a new stake in shares of Baker Hughes during the 4th quarter valued at approximately $47,000. Hedge funds and other institutional investors own 92.06% of the company's stock.

Insider Activity

In related news, EVP Maria C. Borras sold 8,000 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $44.77, for a total value of $358,160.00. Following the transaction, the executive vice president now owns 173,302 shares in the company, valued at approximately $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 accessible through the SEC website. Corporate insiders own 0.27% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BKR. The Goldman Sachs Group raised their price objective on Baker Hughes from $51.00 to $52.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Stifel Nicolaus lowered their target price on Baker Hughes from $54.00 to $52.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Evercore ISI lifted their price target on Baker Hughes from $46.00 to $52.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 15th. TD Cowen dropped their target price on shares of Baker Hughes from $53.00 to $51.00 and set a "buy" rating for the company in a report on Wednesday, January 8th. Finally, Wells Fargo & Company lifted their target price on shares of Baker Hughes from $49.00 to $54.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Two equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $50.65.

Baker Hughes Trading Down 6.3 %

Baker Hughes stock traded down $2.42 during trading on Wednesday, reaching $35.94. The company had a trading volume of 13,333,831 shares, compared to its average volume of 6,921,283. Baker Hughes has a 12-month low of $30.93 and a 12-month high of $49.40. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 1.32. The stock's 50 day moving average price is $42.01 and its two-hundred day moving average price is $42.10. The firm has a market capitalization of $35.59 billion, a price-to-earnings ratio of 12.06, a PEG ratio of 2.00 and a beta of 1.08.

Baker Hughes (NASDAQ:BKR - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $6.43 billion during the quarter, compared to analysts' expectations of $6.54 billion. Baker Hughes had a net margin of 10.70% and a return on equity of 14.58%. As a group, equities analysts expect that Baker Hughes will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Tuesday, May 6th will be issued a $0.23 dividend. The ex-dividend date is Tuesday, May 6th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.56%. Baker Hughes's dividend payout ratio (DPR) is 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.