Baker Hughes (NASDAQ:BKR) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC increased its holdings in Baker Hughes (NASDAQ:BKR - Free Report) by 13.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 544,414 shares of the company's stock after acquiring an additional 66,444 shares during the quarter. Natixis Advisors LLC owned about 0.06% of Baker Hughes worth $19,681,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in BKR. Price T Rowe Associates Inc. MD lifted its stake in shares of Baker Hughes by 32.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,364,995 shares of the company's stock valued at $581,729,000 after purchasing an additional 4,207,973 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Baker Hughes by 7.4% during the second quarter. Dimensional Fund Advisors LP now owns 9,898,322 shares of the company's stock valued at $348,074,000 after buying an additional 680,621 shares during the last quarter. Legal & General Group Plc grew its stake in shares of 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 acquiring an additional 692,859 shares during the period. American Century Companies Inc. raised its holdings in shares of Baker Hughes by 3.1% during the second quarter. American Century Companies Inc. now owns 8,274,250 shares of the company's stock valued at $291,005,000 after purchasing an additional 248,122 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in Baker Hughes by 7.6% during the second quarter. AQR Capital Management LLC now owns 6,424,915 shares of the company's stock valued at $223,523,000 after purchasing an additional 455,307 shares during the period. Institutional investors own 92.06% of the company's stock.

Baker Hughes Price Performance

NASDAQ:BKR traded up $0.84 during trading hours on Wednesday, reaching $43.71. The stock had a trading volume of 2,319,130 shares, compared to its average volume of 7,190,960. The stock has a market capitalization of $43.25 billion, a PE ratio of 19.22, a PEG ratio of 0.72 and a beta of 1.38. Baker Hughes has a 52 week low of $28.32 and a 52 week high of $44.49. The company has a 50 day moving average price of $37.86 and a two-hundred day moving average price of $35.39. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.30.

Baker Hughes (NASDAQ:BKR - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.06. The firm had revenue of $6.91 billion during the quarter, compared to analyst estimates of $7.21 billion. Baker Hughes had a return on equity of 13.77% and a net margin of 8.20%. Baker Hughes's quarterly revenue was up 4.0% compared to the same quarter last year. During the same period last year, the company earned $0.42 EPS. As a group, sell-side analysts anticipate that Baker Hughes will post 2.29 earnings per share for the current fiscal year.

Baker Hughes Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 4th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend was Monday, November 4th. Baker Hughes's payout ratio is 37.67%.

Analyst Ratings Changes

BKR has been the topic of several research analyst reports. Benchmark reissued a "buy" rating and set a $42.00 price target on shares of Baker Hughes in a report on Thursday, October 24th. Jefferies Financial Group raised their target price on Baker Hughes from $46.00 to $48.00 and gave the stock a "buy" rating in a research report on Monday, July 29th. 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 report on Friday, October 25th. Finally, Wells Fargo & Company raised shares of Baker Hughes from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $40.00 to $42.00 in a report on Wednesday, September 25th. Two investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $44.59.

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.