EP Wealth Advisors LLC Makes New $637,000 Investment in Baker Hughes (NASDAQ:BKR)

EP Wealth Advisors LLC acquired a new stake in shares of Baker Hughes (NASDAQ:BKR - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 17,633 shares of the company's stock, valued at approximately $637,000.

Several other large investors also recently made changes to their positions in BKR. Cetera Advisors LLC boosted its position in shares of Baker Hughes by 55.8% during the 1st quarter. Cetera Advisors LLC now owns 9,319 shares of the company's stock valued at $312,000 after purchasing an additional 3,339 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of Baker Hughes by 21.0% in the second quarter. Sequoia Financial Advisors LLC now owns 7,736 shares of the company's stock worth $272,000 after buying an additional 1,342 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Baker Hughes by 20.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 28,216 shares of the company's stock worth $992,000 after buying an additional 4,884 shares during the period. Blue Trust Inc. boosted its holdings in shares of Baker Hughes by 54.2% in the second quarter. Blue Trust Inc. now owns 4,924 shares of the company's stock worth $165,000 after buying an additional 1,731 shares during the period. Finally, TCW Group Inc. boosted its holdings in shares of Baker Hughes by 6.2% in the second quarter. TCW Group Inc. now owns 1,584,690 shares of the company's stock worth $55,734,000 after buying an additional 91,816 shares during the period. Institutional investors own 92.06% of the company's stock.

Baker Hughes Stock Performance

BKR traded down $0.13 during trading on Thursday, reaching $42.33. 5,614,647 shares of the company's stock were exchanged, compared to its average volume of 7,133,477. Baker Hughes has a fifty-two week low of $28.32 and a fifty-two week high of $45.17. The company has a quick ratio of 0.88, a current ratio of 1.30 and a debt-to-equity ratio of 0.37. The business has a 50 day moving average price of $40.37 and a 200 day moving average price of $36.56. The company has a market capitalization of $41.89 billion, a P/E ratio of 18.93, a PEG ratio of 0.70 and a beta of 1.40.

Baker Hughes (NASDAQ:BKR - Get Free Report) last issued its earnings results 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 for the quarter, compared to the consensus estimate of $7.21 billion. During the same quarter in the previous year, the company earned $0.42 EPS. The firm's revenue for the quarter was up 4.0% compared to the same quarter last year. As a group, analysts predict that Baker Hughes will post 2.29 earnings per share for the current fiscal year.

Baker Hughes Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 4th were issued a $0.21 dividend. The ex-dividend date was Monday, November 4th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.98%. Baker Hughes's dividend payout ratio is 37.67%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BKR. Barclays increased their price target on shares of Baker Hughes from $41.00 to $46.00 and gave the stock an "overweight" rating in a research report on Thursday, October 24th. UBS Group reduced their price target on shares of Baker Hughes from $42.00 to $40.00 and set a "neutral" rating for the company in a research report on Wednesday, September 18th. Argus raised shares of Baker Hughes from a "hold" rating to a "buy" rating in a research report on Friday, October 25th. Susquehanna increased their price target on shares of Baker Hughes from $46.00 to $48.00 and gave the stock a "positive" rating in a research report on Thursday, October 24th. Finally, Morgan Stanley increased their price target on shares of Baker Hughes from $42.00 to $45.00 and gave the stock an "overweight" rating in a research report on Thursday, October 3rd. Three research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $45.12.

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.