Norinchukin Bank The Boosts Stock Holdings in Baker Hughes (NASDAQ:BKR)

Norinchukin Bank The boosted its stake in Baker Hughes (NASDAQ:BKR - Free Report) by 18.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 65,799 shares of the company's stock after buying an additional 10,030 shares during the period. Norinchukin Bank The's holdings in Baker Hughes were worth $2,699,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. JFS Wealth Advisors LLC boosted its stake in Baker Hughes by 135.9% during the fourth quarter. JFS Wealth Advisors LLC now owns 670 shares of the company's stock worth $27,000 after acquiring an additional 386 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Baker Hughes during the fourth quarter valued at approximately $30,000. Larson Financial Group LLC boosted its position in shares of Baker Hughes by 41.2% in the 4th quarter. Larson Financial Group LLC now owns 740 shares of the company's stock worth $30,000 after purchasing an additional 216 shares in the last quarter. Kestra Investment Management LLC purchased a new stake in shares of Baker Hughes in the 4th quarter worth approximately $45,000. Finally, OFI Invest Asset Management bought a new position in Baker Hughes during the 4th quarter valued at approximately $47,000. 92.06% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Maria C. Borras sold 8,000 shares of the stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $44.77, for a total transaction of $358,160.00. Following the completion of the sale, 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 document filed with the SEC, which can be accessed through this hyperlink. 0.27% of the stock is owned by company insiders.

Baker Hughes Stock Performance

NASDAQ BKR traded up $0.49 during trading hours on Thursday, hitting $36.38. 9,677,306 shares of the company's stock traded hands, compared to its average volume of 6,930,342. Baker Hughes has a 52 week low of $30.93 and a 52 week high of $49.40. The business's fifty day moving average price is $41.80 and its two-hundred day moving average price is $42.06. The company has a current ratio of 1.32, a quick ratio of 0.94 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $36.02 billion, a P/E ratio of 12.21, a P/E/G ratio of 2.00 and a beta of 1.08.

Baker Hughes (NASDAQ:BKR - Get Free Report) last released its earnings results on Tuesday, April 22nd. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.03. Baker Hughes had a return on equity of 14.58% and a net margin of 10.70%. The company had revenue of $6.43 billion for the quarter, compared to the consensus estimate of $6.54 billion. Equities research analysts predict that Baker Hughes will post 2.59 EPS for the current year.

Baker Hughes Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Tuesday, May 6th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend is Tuesday, May 6th. Baker Hughes's dividend payout ratio is 31.40%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on BKR shares. Benchmark reissued a "buy" rating and issued a $57.00 target price on shares of Baker Hughes in a research note on Tuesday, February 11th. Royal Bank of Canada cut their price objective on shares of Baker Hughes from $50.00 to $46.00 and set an "outperform" rating on the stock in a research report on Thursday. JPMorgan Chase & Co. lifted their target price on shares of Baker Hughes from $50.00 to $52.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. The Goldman Sachs Group increased their price target on shares of Baker Hughes from $51.00 to $52.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Finally, Jefferies Financial Group boosted their price objective 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. Two analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. Based on data from MarketBeat, Baker Hughes presently has an average rating of "Moderate Buy" and a consensus target price of $49.11.

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.